MELP, a Vilnius, Lithuania -based based employee benefits startup, has secured €635,000 in early seed stage funding.  

SaaS Investors 

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.  

MELP Use of Funds 

The company will use the funds for international expansion.  

About MELP 

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   

Source: https://siliconcanals.com/crowdfunding/melp-secures-635k-funding/