Irish employee experience app Workvivo has raised $22 million in a Series B round provided by existing investor Tiger Global. The new capital is slated to be used to further develop the company’s offer, introducing a slew of new features all designed to keep corporate hybrid workers engaged, informed, and valued. To date, the company has raised approximately $38 million from Tiger Global, Frontline Ventures, Enterprise Ireland, and Zoom founder Eric Yuan.
In today’s world of remote/hybrid working, company communication tools abound; ranging everywhere from the granddaddy of them all, email, right on through to the one most of us use on a daily basis, Slack.
However, communications and culture are two very different things. Remove the culture, and employee engagement and connectivity ends up fading faster than a Picasso left out to dry under the Iberian sun.
Where Workvivo aims to keep the culture alive, regardless of how many kilometers or time zones apart colleagues are, is through a social media-esque approach. Think of it as a company-wide Facebook group, just, without Facebook.
“The employee experience is crucial for leaders to prioritise as employees are more burned out and disconnected from their company’s culture than ever,” explained co-founder and CEO John Goulding. “People spend a huge amount of their hours each week at work, and they deserve it to be meaningful and to feel a sense of belonging and purpose.”
Offering employees the ability to share, post, comment, podcast, and/or live stream, Workvivo reports an annual growth of over 150% year-on-year and counts organisations including Amazon, Bupa, TELUS International, and Clipper Logistics amongst its 300+ client base.
“Over the past three years, we have been blown away by the tremendous growth we’ve seen, but mostly by the huge impact the platform has made for our customers. We’re working with some of the world’s largest organisations to help them foster world-class workplace cultures,” commented Goulding.