The State of WorkerTech in 2024 – Report by Bethnal Green Ventures in collaboration with Resolution Ventures

Resolution Ventures made its maiden WorkerTech investment in 2019, on what then was the start of much-needed innovation in the world of work.  

The following year, we created the WorkerTech Partnership, the UK’s first programme of social investment directed towards improving the lives of those in low-paid and precarious jobs. At the center of the Partnership was a focus on pay, progression, power, and well-being, which is a framework that continues to inform our investments today.  

The Partnership integrates learnings from our time backing WorkerTech founders as investors alongside Bethnal Green Ventures. Over the course of our collaboration with BGV, we have co-invested in 9 ventures, backed an additional 10 companies and as of this year, and seen a portfolio company exit. 

Concurrently, the world of work has seen profound changes in the jobs and lives of low-paid workers – from the effects of the pandemic to the onset of artificial intelligence – all of which have repercussions not just for those workers and their employers, but also for those building and investing in this world.  

As our current partnership with them comes to a close, the team at Bethnal Green Ventures (BGV) have been reflecting on these changes and our role as investors and catalysts for change. This week, they launched the State of WorkerTech in the UK report, which examines the current funding landscape for WorkerTech ventures in the country. Alongside this, they’ve also created the WorkerTech Market Map, a first-of-its-kind database of companies improving the lives of workers on low-pay or insecure employment.  

We’re proud to have contributed to this report and think it reflects the significant progress the WorkerTech landscape has seen in terms of funding, innovation and the resultant impact on working lives. Alongside our partners at BGV, we hope these advancements encourage more funders to back founders in the space. 

You can read the report in full here. 

If you’re a WorkerTech founder and can’t find your company on the Market Map, please fill in this form.