French SaaS startup LumApps, a provider of cloud-based enterprise communication solutions, has today announced a €63.1 million Series C funding round, bringing the company’s total amount raised to over €90 million. New investor Goldman Sachs led the round with participation from Bpifrance, through its Growth Fund Large Venture, alongside Idinvest Partners, Iris Capital, and Famille C.
LumApps, founded in 2012, is a social and collaborative intranet platform designed to connect, inform and engage employees. This innovative digital workplace equips organizations to break down silos and streamline internal communication. LumApps powers hundreds of the most prominent enterprise companies in the world including Airbus, Intuit, Electronic Arts, Colgate-Palmolive, Motorola, Logitech, Valeo, Japan Airlines and Google Cloud.
The new financing will fuel the next phase in LumApps’s growth, including accelerating product innovation and investing in sales and marketing to meet global demand for the company’s digital workplace suite. The team will also grow by a further 150 employees in 2020.
“It’s crucial for companies today to connect and engage all of their employees, and that can only happen when they have a way to centralize all communications, workflows, and applications,” said Sébastien Ricard, CEO of LumApps.
“LumApps has it all: Exceptional technology, visionary leadership and an impressive customer roster across industries and regions,” said Christian Resch, Managing Director Goldman Sachs Growth. “LumApps is a great fit with Goldman Sachs’ strategy of supporting best-in-class technology entrepreneurs with their ambition to build global category leaders in large markets. We are very excited to partner with Sebastien and his team and will make our global platform available to support the Lumapps expansion plans.”
via https://www.AiUpNow.com/ by contact@bcurdy.com, Khareem Sudlow
