![]() Startups/products like Slack and Yammer have most definitely put the concept of workplace collaboration on the map as something that can be useful and well used in an office environment, a significant thing, since one of the big issues with a lot of enterprise software is simply getting people to - at best - actually engage with it and - at worst - not just develop longstanding grudges against it. ![]() The equity funding is coming in at $50 million, with the credit accounting for “tens of millions” more. LeumiTech, part of Israel’s Bank Leumi, has also extended a line of credit to the company to help with growth. It currently has 35,000 businesses and organisations as paying customers (no freemium tier as with Slack: simply a short free trial before you pay), with the list featuring many illustrious, big business names such as Carlsberg Group, Discovery Channel, McDonald’s, and WeWork.Įqually impressive are the company’s investors: this Series C round was led by Stripes - the firm that has backed a number of big tech startups including Blue Apron, Udemy and Refinery29 - along with participation from previous investors Insight Venture Partners and Entrée Capital. has only raised $84.1 million since 2014, and its big valuation boost is down to its strong growth. The company (formerly known as Dapulse when it was founded in Tel Aviv) has raised $50 million in equity funding that sources close to the company tell me was made at a pre-money valuation of $500 million. ![]() Today, - one of the wave of startups that works in the larger category of workplace collaboration tools - is announcing a significant growth round that speaks to this demand. The more that we digitise our interactions with work colleagues, the more we will need tools to help handle that process more smoothly.
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