More than 2.7 billion workers globally are deskless in the current times. However, only 1 percent of business software spending is enabling deskless work. A Stuttgart-based startup is attempting to change this. The employee app Flip is empowering deskless work and has raised $30 million in Series A funding.
The round was co-led by London-based investor Notion Capital and Berlin-based fund HV Capital. Alongside the existing investors Cavalry Ventures and LEA Partners, angel investors such as former Volkswagen chairman Matthias Müller, management and political consultant Roland Berger, former BASF chairman Jürgen Hambrecht, former Celesio CEO Fritz Österle, German businessman and former politician Kurt Lauk and Flixbus founders Daniel Krauss and Jochen Engert also joined the round.
The additional funds will be used to accelerate the company’s growth and move ahead with international expansion to the UK.
Founded in 2018, Flip capitalises on this market opportunity, enabling companies to communicate in a fast and reliable manner, keeping employees equally informed and actively engaged.
Benedikt Ilg, founder and CEO of Flip said: “We’ve become one of the fastest-growing companies on the market. Our sales revenue is up by a factor of six, and our headcount has quadrupled. The fresh capital will allow us to accelerate the growth process for our product and the company and to further expand our team.”
“Deskless workers are at the core of industrial and retail companies, as critical drivers of efficiency, productivity and in some cases, customer relations. Investing in effective employee communications and overall company culture, is, therefore, a fundamental element for companies looking to gain competitive advantage,” former Volkswagen Chairman and angel investor Matthias Müller said.
The company plans to invest the funding in its core market, the DACH region while expanding to additional European markets. At the same time, staff development and recruiting are being prioritised as core building blocks for the company’s growth.
The platform’s current client base includes the likes of McDonald’s, Rossmann, Edeka, Magna and Mahle.
Another deskless platform that raised seed funding last year is London-based Sona.