05 Jun 2020

Womble Bond Dickinson (WBD) has advised Puma Private Equity which led a £6 million equity investment into Tictrac, a leading health engagement company. The corporate team was led by Partner Leon Miller, Managing Associate Alex Fergus and South African qualified lawyer Alice Millar who advised on the transaction.

This funding will allow Tictrac to expand its Employee Wellbeing (SaaS) platform in a bid to tackle increasing stress levels and health problems in the workplace - with nearly 80% of workers in the UK experiencing some level of stress, it will help businesses empower their staff to take more control of their health and wellbeing. It already works with over a thousand employers globally.

Additionally, Tictrac will further scale its already successful Enterprise platform, which enables insurance companies and health providers - including Aviva, Allianz and Prudential - to engage their customers in their health and tailor relevant products and services to them.

Leon Miller commented:

"It was a pleasure working with the Puma team on another investment into a high growth business. Health tech is a fast growing sector and Tictrac is very much at the forefront of the digital health ecosystem."