Published On: Fri, May 15th, 2020

Workvivo, a height for worker culture, raises a $16M Series A from Tiger Global

Workvivo, an worker communications height founded customarily 3 years ago, has lifted $16 million in a Series A appropriation led by Tiger Global, that is best famous for vast growth-oriented rounds.

Also participating is Frontline Ventures and Enterprise Ireland, prior investors. The Series A turn follows on from a seed turn late final year, bringing a sum appropriation to only over $17.5 million.

In a final integrate of months it’s turn utterly apparent to millions of people during a COVID-19 pestilence that operative remotely online was going to figure in their future. So companies that have products that make that transition easier have skyrocketed in value, even if this was substantially an altogether long-term trend. But how to imitate that fugitive “company culture” online? That is most harder.

Solutions like Jive or Facebook Workplace have come along, though Workvivo has taken a opposite proceed to formulating an inner communications height designed to rivet and bond with employees.

Founded in Cork, Ireland, a height is famous for formulating a clarity of village and belonging to a organization, a kind of that we competence get from a rarely intent Facebook organisation that we were a fan of. Through web, desktop and a mobile app, Workvivo allows employees to review and post calm to an activity feed, as good as ‘like,’ share and criticism in a same approach they competence on Facebook. It’s in a same ecosystem as Slack, though where Slack doesn’t do “culture” so well. Netgear, TELUS International and Cubic Telecom are among a many companies now regulating it.

The Cork-based company, founded by John Goulding and Joe Lennon, bootstrapped from a start. Goulding pronounced in a statement: “The pierce to remote operative has been significantly accelerated by new events. It’s now some-more critical than ever that employees are means to effectively promulgate and sojourn intent with any other and with a business. Workvivo’s communication height helps organizations bond and rivet with their employees regardless of location, bringing a enlightenment alive and aligning everybody with what a classification is perplexing to achieve.”

He pronounced a appropriation will be used mostly for sales and selling as good as product development. This is standard of growth-funding rounds such as this.

In an talk with TechCrunch, he denied a appropriation was precipitated by a tellurian pandemic, though some-more by a longer-term trend of remote working.

In a pointer that this is roughly positively a case, remote-working disciple Eric Yuan, owner of Zoom, formerly invested final year.

Gallup estimates 70% of employees globally are “disengaged” during work and this costs a worldwide economy $450 billion annually. And who can censure them when their association “intranets” are customarily so dull.

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