Micro Benefits, a Chinese company building an employee-benefit delivery platform for factory workers, received an investment from Unitus Impact, a venture capital firm focused on improving the livelihoods of the working poor.
The amount of the deal was not disclosed.
The company is using the funds to continue to expand its reach.
Led by CEO Tyler Lyman, Micro Benefits offers an employee engagement platform including a discount program designed to boost employees’ purchasing power, vocational and leadership training programs, and an interactive social media platform that allows employees to directly communicate with co-workers and HR departments. Through its proprietary mobile app and delivery platform, Micro Benefits delivers benefits to over 100,000 thousand workers, and anticipates reaching a few hundred thousand workers by the end of 2015.