LumApps raises $24M Sequence B for its ‘social intranet’ – TechCrunch

LumApps, the “social intranet” for the enterprise, has closed $24 million in Sequence 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 growth.

Based 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 workers higher join and collaborate.

The answer integrates with each G Suite, Microsoft Workplace 365 and Microsoft Sharepoint, and is accessible by way of cell. Total, it’s designed to function a central hub for customized content material, social communications, work instruments and enterprise purposes.

“We launched LumApps Social Intranet resolution in 2015, after our historic buyer Veolia requested us to create a platform based mostly on their wants,” “LumApps founder and CEO Sébastien Ricard tells me. “We shortly realized there was a large demand for contemporary intranets from all firms, to rework inside communications and the worker expertise”.

That’s as a result of, he says, communication inside an enterprise is difficult, unfold throughout disparate instruments equivalent to electronic mail, reside chat, and social networks – options which might be sometimes disconnected and siloed. That is very true in massive enterprises, the place discovering info and reaching the correct folks might be very troublesome.

“Our dream was to allow entry to helpful info in a single click on, from one place and for everybody. Simply that straightforward. We needed to construct… an answer that bridged [an] intranet and social community, with the most recent new applied sciences. A spot that customers will love”.

At its core, Ricard says LumApps goes additional than simply fixing frequent enterprise challenges, together with fostering a collaborative office the place workers are extra engaged and extra productive. “Each massive firm is constructing their digital office, and it’s vital that they’ve a central intranet that homes all worker communications, information, memos, purposes, and so on. from the company workforce but in addition from friends”.

That mission seems to be working, evidenced by at the moment’s Sequence B funding and a buyer base that spans enterprises small and huge. Firms utilizing LumApps embrace 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.

Provides Ricard: “As a French entrepreneur, it has at all times been a dream to construct such a worldwide success,” says Ricard. “We encountered highs and lows, particularly in 2016 after we began within the U.S. and lived our first yr of setbacks. Why? All we had was our product and we didn’t but perceive the tradition and market specifics. It took time to rent American expertise to construction all the pieces and construct a stable base… Now we now have a workforce of 150-plus folks worldwide with a particular concentrate on the U.S.”

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