Flip raises $4M to pounce on the growing sector of employee messaging – TechCrunch
By now we’re all acquainted with textual content messaging teams for multi-person co-ordination. I’ve misplaced rely of what number of WhatsApp, Telegram and Facebook messenger teams I’m on! Other apps like Threema have began to be utilized in a enterprise context and startups like Staffbase have determined to develop into full-blown ‘workforce messaging’ platforms. The pondering now amongst buyers is that messaging is about to explode in all kinds of verticals and that it’s a wealthy seam to mine.
In that vein, Flip, a Stuttgart, Germany-based employee messenger app, has now raised €three.6M ($4M) from LEA Partners and Cavalry Ventures, along with Plug and Play Ventures and Business Angels akin to Jürgen Hambrecht (Chairman of the Supervisory Board BASF), Prof. Dr. Kurt Lauk (Chairman of the Supervisory Board Magna International), Florian Buzin (Founder Starface) and Andreas Burike (HR Business Angel). The capital raised shall be invested primarily in the growth of the group and the growth of additional markets.
Founded in 2018, the start-up presents firms a platform that connects and informs staff throughout all ranges in a legally compliant method.
That final half is essential. The software is predicated on a GDPR-compliant knowledge and employee safety idea, which was validated collectively with consultants and works councils of a number of DAX firms. It additionally integrates with many present company IT infrastructures.
The startup has now secured clients together with Porsche, Bauhaus, Edeka, Junge IG Metall and Wüstenrot & Württembergische. Parts of the Sparkasse and Volksbank are additionally amongst the buyer base. It additionally counts Deutsche Telekom as a companion.
Flip founder and CEO, Benedikt Ilg, mentioned in a press release: “Flip is the easiest solution for internal communication in companies of all sizes.”
Bernhard Janke from LEA Partners mentioned: “As a young company, Flip has been able to attract prestigious clients. The lean solution can be integrated into existing IT systems and existing communication processes, even in large organizations. With the financing round, we want to further expand the team and product and thus support the founders in their vision of making digital workforce engagement accessible to all companies.”
Claude Ritter of Cavalry Ventures mentioned: “We are convinced that Flip is setting new standards in this still young market with its safe, lightweight and extremely powerful product”.