Edmonton, Alberta & Halifax, Nova Scotia – Feb 15, 2023
Sprout Fund has completed its seventh investment from Sprout Fund II into Nova Scotian employee wellness startup, Bright Breaks, along with Tidal Ventures, Innovacorp, Concrete Ventures, and a syndicate of sophisticated angels, in a $1.4m pre-seed round.
Bright Breaks (www.brightbreaks.com) is a unique corporate platform designed to counter the $190 billion global problem of employee burnout. It provides employees with access to hundreds of short wellness sessions each week called Bright Breaks, which encourage movement, breathing, stretching, learning, meditation, and yoga. Bright Breaks are delivered through optimally designed 7-minute sessions that employees participate in remotely, alone or with colleagues from around the globe. Bright uses artificial intelligence to recommend relevant Breaks based on interests, schedule, past activity, and social connections and automatically builds these into employee calendars.
“The COVID pandemic has dramatically shifted the workplace, especially how, when, and where employees work. One effect is that employees around the globe are experiencing ever growing levels of isolation and burnout, leading to the ‘great resignation’ and declines in productivity. Bright gives businesses a powerful way to deal with these problems. We’re excited to invest in solving this large and rapidly growing market need with this team of serial tech entrepreneurs,” stated Kristina Milke, Partner at Sprout Fund.
“We’re thrilled to have Sprout Fund invest in Bright Breaks. They ran a transparent and efficient due diligence process and met their promises. Their team has already shared helpful feedback and we are excited to leverage their support as we build towards a future Seed round,” stated David Howe, co-Founder and CEO. Financing from this round will be used to rapidly expand upon Bright’s impressive customer traction and expand its content catalog to appeal to greater numbers of employees and organizations, allowing it to move upmarket.
About Sprout Fund
Seed stage venture and mentor capital to accelerate the growth of Western Canadian B2B software startups… that’s what we provide. We recognize that the most successful founding teams, building the most globally relevant companies, demonstrate a unique blend of hustle and diversity. In addition to active mentorship, our additional value-add comes from the diversity of our investment team and investor pool that are all successful entrepreneurs in industries ranging from crypto to real estate and from ed-tech to energy. If you are a great early-stage founder building a globally relevant B2B startup that has initial market traction, reach out to us at email@example.com.