MELP Secures €635,000 in Funding
MELP, a Vilnius, Lithuania -based based employee benefits startup, has secured €635,000 in early seed stage funding.
The round was led by Coinvest Capital.
Based out of Vilnius, Coinvest Capital invests in startups and companies undergoing business development and growth in cooperation with groups of business angels or private venture capital funds.
The company will use the funds for international expansion.
Founded in 2022 by Vidmantas Šiugždinis, Robertas Šaltis, and Juozas Sargūnas, MELP (Medical services, Employee benefits, Lifestyle and longevity, and Protection) is an all-in-one employee app for engagement, communication and benefit management. The company provides a digital tool to personalize employee benefits for businesses, allowing employees to choose from over 6,000 goods and services in its international e-shop. MELP is presently used by over 16,000 employees and holds ISO 27001 certification for information security.
Funding Details
Company: MELP UAB
Raised: €635K
Round: Seed Round
Funding Month: January 2024
Lead Investors: Coinvest Capital
Additional Investors:
Company Website: https://melp.com/
Software Category: Employee Benefits Management