Slite, a French workspace collaboration platform, has raised an $11 million Series A round led by the Bay Area’s Spark capital, along with previous investors.
As collaboration tools go, Slite prioritises centralised documentation, from a company wiki to meeting records to project management, competing with the likes of Confluence and Google Docs. The idea is that distributed teams can find information more easily and work with less interruption.
CEO Christophe Pasquier acknowledges the slieu of productivity tools that have hit the market in the last few years, but says Slite stands out because it “promotes information transparency, asynchronous collaboration and remote possibilities.”
Founded in 2016 by Pasquier and Pierre Renaudin at French startup studio eFounders, the startup went on to participate in Y Combinator and launched from there. Now the Paris-based company claims over 4,000 daily users, including businesses such as Airbnb, Spotify and WeTransfer.
Total funding to date amounts to $15 million, including a seed round led by Index Ventures. The Series A will fuel product growth, specifically new collaboration tools, and expanding the 20-person remote team. Slite will hire for engineering, product, design and marketing.