Vilnius-based employee well-being platform MELP has secured €1.25 million in funding from Coinvest Capital and business angels, with Coinvest contributing €800,000. The company offers tools for workforce engagement, including benefits selection, internal communication, and employee recognition. Since its previous funding round in January 2024, MELP reports that its user base has grown from 16,000 to 68,000, supported by contracts with organizations such as LTG Group and Affidea Group. The company plans to allocate most of the new capital to expanding operations in the UK market, while continuing to develop AI-driven features and its benefits marketplace.
Launched in 2022, MELP provides organizations with digital tools to manage workforce engagement, including employee benefits selection, internal communications, recognition programs, and access to partner discounts. It is used by companies across sectors such as energy, healthcare, IT, retail, and public administration. MELP’s services are available in multiple languages and are certified under the ISO 27001 standard for information security. The company operates in several European markets and has established contracts with both national and international organizations.
Since early 2024, when MELP secured its first investment from Coinvest Capital and business angels, the platform’s user base has quadrupled from 16,000 to 68,000. In 2025, the company won atender and signed an agreement with LTG Group companies to serve more than 5,000 employees. An international contract was implemented with the Affidea Group across 15 European countries, giving more than 10,000 employees access to the platform, with app content available in 16 languages.
“The company is expanding not only geographically but also by successfully enhancing its functionalities and focusing on innovation through the use of artificial intelligence – from task automation to an interactive intranet for employees,” says MELP co-founder Robertas Šaltis. “The MELP e-shop service, which allows employees to independently select additional benefits, is also growing rapidly – we project €3 million in sales through our employee benefits marketplace in 2025.”
According to R. Šaltis, the previous investment enabled MELP to grow rapidly in the Baltic states and to test various European markets. He noted that the majority of the new funding will now be directed toward the UK market, where the platform’s creators see strong potential for increasing employee engagement through MELP, especially in the mid-size companies that have frontline workers.
“Some teams simply stick to their established strategic goals, while others are able to adapt and revise those goals as the environment changes. I believe the MELP team belongs to the latter group, and their ability to respond appropriately and in a timely manner is one of the key reasons behind the company’s impressive growth. The founders’ experience and the team’s competencies have allowed them to identify and capitalize on opportunities in surrounding markets, without expending resources on less familiar territories. They have also recognized the potential offered by AI, and today MELP is equipped with valuable experience and the right tools for the next leap. We wish them continued success,” said Viktorija Trimbel, Managing Director at Coinvest Capital.
Coinvest Capital’s share in this funding round amounts to €800,000.
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Read the orginal article: https://arcticstartup.com/melp-raises-e1-25m/
