LumApps closes $24m funding round
LumApps, the “social intranet” for the enterprise, has closed $24 million in Series B funding.
The round is led by previous backer IdInvest, and will be used to scale LumApps’ global sales and marketing and accelerate product development.
Founded in Paris in 2012 — now with offices in London, Tokyo, San Francisco and New York — LumApps has developed a social web-styled intranet for enterprises to let company employees connect.
The solution integrates with G Suite, Microsoft Office 365 and Microsoft Sharepoint, and is accessible via mobile.
It is designed to serve as a central hub for personalized content, social communications, work tools and enterprise applications.
At its core, Ricard says LumApps goes further than just solving common business challenges, including fostering a collaborative workplace where employees are more engaged and more 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,” he LumApps founder and CEO Sébastien Ricard.
“We launched LumApps Social Intranet solution in 2015, after our historical customer Veolia asked us to create a platform based on their needs.
“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”.
Companies using LumApps include Veolia, Valeo, Air Liquide, Colgate-Palmolive, The Economist, Schibsted, EA, and Logitech.
The intranet software has on-boarded more than 4 million users globally.
PRODUCTIVITY APPS WHICH COULD TRANSFORM YOUR BUSINESS - CLICK BELOW