UKG Launches Venture Fund

Strategic program will identify and nurture the next generation of worktech disruptors

LOWELL, Mass.--(BUSINESS WIRE)--UKG, a leading global AI platform unifying HR, pay, and workforce management, today announced the launch of UKG Ventures, a strategic investment arm focused on the next generation of worktech disruptors for the enterprise.

Investments in early to growth stage companies will enable UKG to provide customers with early access to emerging solutions to help them adapt to ever-changing business, labor, and people needs. Access to innovation creates productive, efficient, and flexible experiences for all employees, from the front office to the frontline.

UKG Ventures recently completed its first three investments:

• Financial Wellness Labs (formerly Questis), an AI-first financial wellness platform delivering personalized coaching and financial management tools.
• Intermezzo.ai, an AI-native global payroll platform automating payroll calculations, compliance, tax calculations, and filings anywhere in the world with one API.
• Acadian Ventures, an early-stage venture fund focused on worktech startups, giving UKG expanded access to a global network of innovators that can complement the UKG Workforce Operating Platform.

“As the world’s Workforce Operating Platform, we're focused on investing in the innovations that will power tomorrow's workforce,” said Arlen Shenkman, President, Chief Financial Officer at UKG. “UKG Ventures, along with UKG Labs, our M&A strategy, and our own organic development reflect our multi-faceted approach to delivering the best solutions to our customers, giving them a competitive edge in attracting, managing, and empowering their people, every company’s most valuable resource."

UKG Ventures will focus on both early-stage startups and growth stage companies, and complements the success of UKG Labs, the popular program that connects pre-seed and seed stage startups with UKG experts and UKG customers to cultivate, test, and refine breakthrough concepts that transform work. To date, 19 startups — including Financial Wellness Labs — have participated in UKG Labs.

Supporting Resources

• Learn more about UKG and our leading global AI platform for HR, pay, and workforce management.
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About UKG

UKG is a leading global AI platform for HR, pay, and workforce management. Unifying award-winning solutions with the world’s largest collection of workforce data and people-first AI, UKG delivers unrivaled insights into today’s workforce, helping organizations in every industry turn data into decisions that elevate productivity, culture, and the customer experience. Trusted by more than 80,000 organizations across 150 countries, tens of millions of employees — from small businesses to global enterprises — use UKG every day. To learn more, visit ukg.com.

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