We're Proud, Grateful and Excited to Announce Series A Investment for Workvivo
By John Goulding and Joe Lennon, Workvivo Co-Founders.
Today marks a significant milestone for Workvivo as we welcome Tiger Global and Frontline Ventures as new investors in the business, contributing to a $16m Series A funding round. Both Tiger and Frontline bring a wealth of experience, with Tiger previously investing in companies such as LinkedIn, Airbnb, Stripe, Uber, and Square. We also continue to receive great support from our good friends at Enterprise Ireland.
For those of you who don’t know Workvivo, we are a technology company that provides an employee communication platform to businesses around the world. Our platform is designed to supercharge internal communication, build a sense of community and belonging in an organization, and bring employee engagement to a different level regardless of where employees are located.
This week we also celebrate our third year, and those three years have seen the business grow in so many ways that we are very proud of. We exceeded our own expectations in terms of number of customers, employees, revenue, and yes some awards! We have secured business from organizations large and small in many different countries, and we have seen the incredible results that can be achieved in organizations that choose to focus on employee connection and engagement as a strategic priority.
It’s based on these strong indicators that we decided to take on additional investment; to accelerate our product development plans and to scale the business to provide our platform to more organizations around the world.
The internal communications technology market is experiencing a confluence of three major dynamics:
- Employee engagement is a challenge for most businesses and many employees. Those that can engage employees by providing a strong sense of community and culture will retain the best talent, and have a happier, more productive workforce.
- The internal communication technology landscape in many companies is complex and ready for the convergence into a simpler, more unified solution.
- The accelerated move to remote working will present many challenges for employees and businesses alike for years to come. Technology has its role to play in mitigating these challenges.
This investment enables us to accelerate our plans to provide real solutions that address these dynamics. It also enables us to extend our reach, to help more companies improve employee engagement, and create happier, more productive workplaces – regardless of where that workplace is.
We intend to exceed one million users on our platform in 2021. In order to do this, we must continue to provide exceptional communication and engagement product capabilities, continue to integrate with other best-of-breed platforms in the digital workplace allowing us to be the central point for all internal communications in the organisation, and build on our strong customer relationships to ensure we are truly making a difference. That will be our focus as we move forward.
We cannot thank our customers enough in enabling us to get to this point. From the very early days, there were several companies that were absolutely instrumental in helping us evolve the platform and our company. You know who you are, and we will be forever grateful for that support. We are also hugely proud of the incredible team that we have built at Workvivo – you are amazing and we are hugely grateful for everything you do.
Today, we are excited to be working with some truly inspiring companies. It’s an exhilarating learning experience for the team at Workvivo to partner with these pioneering businesses as they move to a more connected and fulfilled workforce. We truly value the relationships we have built, and those partnerships will continue to be a guide for us as we grow.
We’ve posted the press release here and if you’d like to know more about us, we’re happy to send you our investment presentation below.
John Goulding and Joe Lennon, Co-Founders, Workvivo.
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