Sodexo : Ventures announces new investments

February 15, 2017

Sodexo continues to seek new sources of future growth by investing in innovative startups in well-being and workplace organization through Sodexo Ventures.

Sodexo, world leader in Quality of Life services, announces that its strategic venture capital vehicle, Sodexo Ventures, has invested in two innovative, digital companies in the United States and France. Following its launch in November 2016, Sodexo Ventures continues to invest in companies with high growth potential which add value to Sodexo's activities, as well as its mission of improving the quality of life of the millions of people it serves worldwide. These investments are combined with commercial agreements between Sodexo and each company to develop and commercialize innovative offers.

Sodexo Ventures has taken a minority stake in LifeDojo, a startup based in San Francisco, California, which has developed a coaching platform delivering technology-driven employee health and engagement programs. This investment has led to a strategic partnership with Sodexo's Benefits and Rewards Services activity, through its US subsidiary, Inspirus, and will allow Sodexo to enrich its offering of employee engagement solutions.

Sodexo Ventures has also invested in Neo-Nomade, a platform developed by a Paris-based start-up enabling professionals to find workplaces according to their needs and location, giving them the possibility to 'work out of the box'- wherever they want, whenever they want and with whomever they want. With this investment, Sodexo will also have the opportunity to offer a range of services to office spaces covered by the Neo-Nomade platform.

Thanks to its global footprint, Sodexo can accompany these startups as they develop and scale their business. And Sodexo will in turn benefit from these investments as the Group continuously innovates to better meet the ever-evolving needs of its consumers.

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