Finnish startup Smarp, an employee communications platform, has raised €4.2 million from London-based Nauta Capital.
Founded in 2011, Smarp is a platform and app that helps employees to engage with their organization, primarily via an internal news feed. The startup allows organizations to share news with employees, and lets employees share their own content on the platform as well. Smarp is already used by over 250 customers including L'Oreal, the European Commission, Valeo and Mulesoft.
“This round of funding will support our ambitious growth and hiring plans to meet growing market demand, including further expansion of our offices in Europe and North America," said Roope Heinilä, CEO and Co-Founder of Smarp. "We plan to double our headcount to over 100 employees within the next 18 months.”
The startup plans to use the funds to further develop its SaaS solution, scale internationally, and enhance data security.
“The new funding will be allocated to accelerating our growth and expansion to new markets as well as continuing R&D," added Heinilä. "We operate in an enterprise market where data security is of the utmost importance, and as we are headquartered in Europe, we are inherently GDPR compliant, in addition to being ISO 27001 certified. As we move on with our product development, we are excited by the competitive edge our security standards give us."