Dealflow | December 22, 2017

Palatine Impact backs e-days as part of health and wellness strategy

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Tracking absences can help companies understand and support employees who repeatedly miss work.

U.K.-based e-days provides software that can log sick days and also track trends over time. “It’s all about how you support employees,” Palatine Impact’s Beth Houghton, told ImpactAlpha.

The £100 million ($134 million) impact fund, which closed in August, targets U.K businesses in high-growth sectors like health and wellness, senior care and workforce skills and training.

Palatine’s undisclosed investment in e-days is the fund’s second; in September, it backed workforce-development company Trade Skills 4 U.

Houghton calls Palatine Impact a “returns-first” fund and says it is aimed at first-time impact investors concerned that impact would compromise financial returns.