Wonder, a Berlin-based company that just exited beta in September, has raised $11 million in seed funding to scale its video conferencing tool. Led by EQT Ventures, with participation from existing investor BlueYard Capital, the round will fuel the startup’s product development, expand its team, and grow its customer base. Wonder’s video communication tool enables larger online group gatherings that mirror in-person meetings, such as the ability to chat in different groups and have chance encounters with people. The startup says this allows more agency, since individuals can enter and leave smaller conversations as they wish, creating “more natural and enjoyable group conferences”. “The whole experience is driven by the participation of each attendee,” explained co-founder Stephane Roux. Founded in April by Roux, Leonard Witteler and Pascal Steck, the first iteration of Wonder was Witteler’s first coding project, which he built in his spare time a few years ago. The pandemic rushed an opportunity to bring the project to the remote working world, and the product was initially known as Yotribe. Now the German company reports 200,000 monthly users, with 30 percent week-over-week organic growth in active users. Jenny Dreier, investor at EQT Ventures Berlin, commented, “The product has explosive potential, already foreshadowed with the platform’s stellar organic growth.”
Lead photo: Wonder founders Leonard Witteler, Pascal Steck and Stephane Roux
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