Irish HR tech startup Workvivo has raised a $16 million Series A for its enterprise social network in a round led by Tiger Global, a New York-based VC that invested in LinkedIn, Airbnb, Stripe, and Uber. Frontline Ventures and Enterprise Ireland also participated in the round. The Series A funding follows a seed round late last year, bringing total funding to just over $17.5 million.
Workvivo functions allows employees to post and interact with content on activity feeds, much like any other social network. Colleagues can also recognize each other through shout-outs, link posts to company goals and values, and create community spaces. The goal is to foster a more engaged workforce.
CEO and co-founder John Goulding says the communication platform helps companies “connect and engage with their employees regardless of location, bringing the culture alive and aligning everybody with what the organization is trying to achieve.”
Founded in 2017 and headquartered in Cork, the company boot strapped its first three years until the recent seed round, serving enterprise customers such as NETGEAR, Cubic Telecom, TELUS International and A+E Networks EMEA. Now with a sizable Series A, the business will expand internationally.
Photo: Workvivo co-founders John Goulding and Joe Lennon