Vault Platform, a London, UK-based provider of a Workplace Misconduct Reporting platform, raised $4.2m in seed funding.
The round was led by UK-based Kindred Capital, with participation from Angular Ventures, System.One, Jane VC, and Mike Chalfen. In conjunction with the funding, Chrys Chrysanthou of Kindred Capital will join Vault’s board.
The company intends to use the funds to scale and expand its presence in North America and Europe.
Founded in 2018 by Neta Meidav and Rotem Hayoun-Meidav, Vault provides a solution which consists of an employee app, corporate case management hub, and data and analytics to give enterprise employers to elevate trust and diversity while driving out harmful workplace behaviors such as bias and harassment, as well as fraud and corruption, mitigating a great risk for the company.
The employee app creates a diary-like space for employees to create records of misconduct they experience, while a “GoTogether” feature allows individuals to come forward under the condition they are not the first or only ones raising the complaint.
The technology uses harmful patterns that are observed or impact multiple individuals, helping people overcome the fear of reporting, helps enterprises identify repeat problems and manage issues internally before they escalate.