Stockholm-based virtual office company Teemyco raises $3.2 million, opens doors to the public

Stockholm’s customisable virtual office platform Teemyco has raised $3.2 million in a round led by 42CAP. Previous investors Antler and Luminar Ventures also participated, along with Angel Investors Mehdi Ghissassi and Sameer Singh via the 2021 Atomico Angel Programme, and Keith Richman. Teemyco reports that the funding will be used to double the team size, focus on further product developments, and scale its sales and marketing efforts.

“We see Teemyco as the natural player in the hybrid work from anywhere future that awaits companies once the pandemic calms down. The team saw this trend coming already before Covid-19 hit. We agree that personal flexibility is a key component in the future of work, and Teemyco enables this future,” comments 42CAP’s Thomas Wilke.

Teemyco was founded in late 2019 by Charlotte Ekelund and Oleg Danylenko and is a platform for a customisable virtual office space. Companies can utilise the service to have co-workers all in the same (virtual) room and use voice and video tech to interact with each other, all ad-hoc, with no need for any special links. Not exactly the same as a physical office space, but in the face of a “stay at home, save lives” world, a viable solution to foster collaboration.

The service underwent heavy closed beta testing over the course of 2020 with a customer roster that includes Greenely, Upstreet, Hack your Closet, eHealthApp, and Mr. Lee’s noodles. As of today, the platform is available to the general public with teams of up to 250 people, as are full customisation options.

“During our closed Beta in 2020, users told us they love the seamlessness, seeing what is going on, the ease to co-work in the same virtual room and the fact that no links are needed to talk ad hoc. With this new design we add further customization opportunities. Users want it to be their branded office, not the Teemyco software,” concludes Ekelund.