In a time when businesses need to centralise their knowledge more than ever, Helsinki’s Happeo has raised $26 million to boost better communication within an organisation with its social intranet platform. The Series B round was led by Endeit Capital, Smartfin and Evli Growth Partners and saw the participation of Happeo’s existing investors INKEF Capital, Maki.vc and Vendep Capital.
The company will use the funds to further make inroads into North America while retaining its position in its home market of Europe.
According to management consulting firm Mckinsey, an employee spends 19% of their workweek searching for information to get their job done. Any company’s message volume increases dramatically as its personnel and market environment change, which can lead to information chaos.
Founded in 2017 by Antero Hanhirova, Perttu Ojansuu and Vesa Sironen, the Finnish platform’s intranet solution is changing the game. It is used by companies to connect their teams with the knowledge, news, and tools they need to do their best work. The platform says it cuts search time exponentially through its Federated Search functionality, which enables users to search across all internal tools, and by offering companies a place to host all files and documents in context.
Perttu Ojansuu, CEO and founder of Happeo, said: “This latest funding enables us to realise our vision of creating a new, better world of work at scale. We have been improving our platform, and this funding means we can take our revolution in the intranet space to the next level.”
Jelle-Jan Bruinsma, partner at Endeit Capital, added: “In this era of hybrid and remote work, Happeo’s tools are needed more than ever. Companies have a pressing need to simplify their internal communications, and we have seen that companies that do this well perform better over the long term.”
Currently, Happeo has more than 350 customers across all industries, including the likes of Pinterest, Doctolib, Hotmart, Decathlon, and Marqueta.