Platform to help over-50s find work raises £3m
Rest Less, a London-based social enterprise startup offering jobs, volunteering and guidance for the over 50s, has raised £3 million in seed funding.
Over the course of its first year, Rest Less has amassed more than 100,000 members in the UK who have an average age of 55.
The investment round was led by QED Investors, a leading boutique venture capital firm based in the US, whose UK investments include Clearscore, Wagestream, and Fidel.
Rest Less launched in December 2018 as an online platform, specifically targeted at the growing population of over 50s. It offers fulfilling opportunities to work, volunteer or find a new career path.
Stuart Lewis, Founder and Chief Executive Officer at Rest Less, said: “The idea for Rest Less was borne out of personal experience with family, combined with some external inspiration in the form of Channel 4’s Old People’s Home for 4 Year Olds.
“We are excited to improve and grow the Rest Less platform so we can help more over 50s in the workplace, but also in other areas of their lives. Since launch, we have worked hard to raise awareness of the challenges our audience face, as well as highlighting the many positives they can bring to the workplace and wider society.”
Since launch, Rest Less has been on a mission to raise awareness of the challenges faced by this demographic in the workplace - where on average they are more likely to be made redundant, are more likely to be in long term unemployment and are less likely to receive workplace training than their younger counterparts.
The investment will be used to continue to build and enhance the Rest Less platform and expand quality services to its users.