Growth Lending has provided an 拢8m funding facility to GoodShape, a London-based absence management and return-to work platform backed by Marcol Private Equity.聽
The funding refinances existing debt and provides additional capital to support the company鈥檚 continued expansion as it scales its recurring revenue base, onboards new customers, and enables further targeted investment in the platform鈥檚 technological and AI capabilities.聽
GoodShape is a UK market-leading SaaS platform used by more than 800,000 employees across 250 organisations. The business works with employers across retail, healthcare, manufacturing and the public sector, helping them unlock greater value from their workforce and optimise the impact of existing employee health services.聽
The end-to-end platform reduces absence by more than 20% in the first year, improving workforce productivity through real-time data, predictive analytics and digital wellbeing tools.聽
With workforce costs rising and employers under increasing pressure to manage absence effectively, demand for better visibility and smarter intervention continues to grow.聽
鈥淎bsence has become a board-level issue for many organisations,鈥� said Ed Radkiewicz (pictured), chief executive at GoodShape. 鈥淚t affects productivity, creates disruption and additional costs all at once, so employers need clear insight and practical tools, not just reports at the end of the month.聽
鈥淕rowth Lending took the time to understand our model and where we鈥檙e heading. This funding gives us the flexibility to keep building at pace, invest further in our platform and support more employers who are looking for a smarter way to manage absence.鈥澛�
Growth Lending said the deal reflects its continued focus on backing high-quality recurring revenue businesses operating in resilient markets.聽
Sean McCormick, director of debt finance at Growth Lending, added: 鈥淲hat stood out to us was the clarity of GoodShape鈥檚 proposition. The team has built a platform that solves a genuine and growing problem for employers, and they鈥檝e developed it into a strong base of recurring revenue.聽
鈥淲e鈥檙e pleased to be supporting the next stage of their journey. This facility strengthens the business鈥檚 position and gives them the headroom to continue scaling in a market where demand is only increasing.鈥�