LumApps, the “social intranet” for the enterprise, has closed $24 million in Series B funding. The spherical is led by earlier backer IdInvest, and will likely be used to scale LumApps’ international gross sales and advertising and speed up product improvement.
Founded in Paris in 2012 — and now additionally with places of work in London, Tokyo, San Francisco and New York — LumApps has developed a social web-styled intranet for enterprises to let firm staff higher join and collaborate.
The resolution integrates with each G Suite, Microsoft Office 365 and Microsoft Sharepoint, and is accessible through cellular. Overall, it’s designed to function a central hub for personalised content material, social communications, work instruments and enterprise functions.
“We launched LumApps Social Intranet solution in 2015, after our historical customer Veolia asked us to create a platform based on their needs,” “LumApps founder and CEO Sébastien Ricard tells me. “We quickly realized there was a massive demand for modern intranets from all companies, to transform internal communications and the employee experience”.
That’s as a result of, he says, communication inside an enterprise is difficult, unfold throughout disparate instruments similar to e-mail, stay chat, and social networks – options which might be sometimes disconnected and siloed. This is very true in giant enterprises, the place discovering info and reaching the suitable folks could be very troublesome.
“Our dream was to enable access to useful information in one click, from one place and for everyone. Just that simple. We wanted to build… a solution that bridged [an] intranet and social network, with the latest new technologies. A place that users will love”.
At its core, Ricard says LumApps goes additional than simply fixing frequent enterprise challenges, together with fostering a collaborative office the place staff are extra engaged and extra productive. “Every large company is building their digital workplace, and it’s critical that they have a central intranet that houses all employee communications, news, memos, applications, etc. from the corporate team but also from peers”.
That mission seems to be working, evidenced by right now’s Series B funding and a buyer base that spans enterprises small and enormous. Companies utilizing LumApps embody Veolia, Valeo, Air Liquide, Colgate-Palmolive, The Economist, Schibsted, EA, and Logitech. The intranet software program has on-boarded greater than four million customers globally.
Adds Ricard: “As a French entrepreneur, it has always been a dream to build such a global success,” says Ricard. “We encountered highs and lows, especially in 2016 when we started in the U.S. and lived our first year of setbacks. Why? All we had was our product and we didn’t yet understand the culture and market specifics. It took time to hire American talent to structure everything and build a solid base… Now we have a team of 150-plus people worldwide with a special focus on the U.S.”
