LumApps Raises Series C Funding – New Milestone For Us

(January 22, 2020) Sébastien Ricard, CEO – I’m thrilled to announce that LumApps has raised $70 million in Series C funding.

LumApps Founders

From left to right: Lionel, Sebastien and Elie

ABOUT THIS ARTICLE
Author
Sébastien Ricard
Co-founder and CEO
Published on
January 22, 2020
Tags
Media & Press, News
I’m thrilled to announce that LumApps has raised $70 million in Series C funding.
It’s an exciting day at LumApps! Today, we announced a $70 million Series C funding round led by Goldman Sachs with participation from Bpifrance, through its Growth Fund Large Venture, alongside Idinvest Partners, Iris Capital, and Famille C.

Our Investors

ON A RELATED TOPIC
Series B Funding

Bpifrance

Famille C

Idinvest Partners

Series C funding

After a Series A in 2017 and a Series B in 2019, this marks a total of $100M raised for LumApps over the last couple of years.

We thank our investors Goldman Sachs, Bpifrance, IdInvest Partners, Iris Capital and Famille C, for believing in us and contributing to a bright future.

LumApps has also been named among the FT120 on January 20, 2020 – a list of top French Tech companies for 2020 recognized for their growth and contribution to France’s tech scene.

Read our official announcement.

Clients speaking about LumApps

It’s all about the team

I’ve said it before but it bears repeating: this achievement is all of ours. Securing this Series C funding is the result of tireless work from my co-founders Lionel Grivel, Elie Mélois, Olivier Chanoux, as well as our valued associates and the entire LumApps team.

Meet the executive team

The entire team LumApps is attending our first global kick-off in Marrakech during the last week of January. It’s the perfect time to grow our team collaboration, share our values and meet in person, to create a true global enterprise.

Discover LumApps Social Employee Advocacy
LumApps Team in Marrakech global kick-off
LumApps Team has grown to over 200! Seen here in Marrakesh for the first Global Kick-Off

What’s next for LumApps?

It’s time for a new stage in LumApps’ expansion and growth. While we keep consolidating our teams and existing solutions, we plan to breach new areas in digital workplace innovation, to stay at the top of our game.

The new fundraising will enable us to accelerate investment in the following key areas:

  • R&D with a particular focus on Artificial Intelligence and Machine Learning
  • Product development to further enhance the customer experience, broadening the set of Development Integrations, and Add-Ons
  • Entering into additional international geographies like Canada, Asia Pacific, and Germany
  • Hire more than 150 employees in 2020 to enhance our products and support our customers
LumApps integrates with Microsoft solutions
This new milestone is joining other accomplishments from this past year, including:

  • More than 100% YoY revenue growth
  • ISO 27001 certification for solutions security
  • Launch of Social Advocacy solution
  • Microsoft Integration
  • Creation of LumApps Kabushiki Kaisha (KK) in Japan
ON A RELATED TOPIC

LumApps Receives ISO 27001 Certification for Solutions Security
LumApps pursues the quest for product excellency and happily announces that LumApps solutions have secured the ISO/IEC 27001:2013 Certification.

Media Coverage for Series C

We’re proud to say that the LumApps story is gaining traction around the world and crossing borders!
Read all about us and the Series C funding in these top international media outlets.

Read the news in Steve O’Hear’s article for TechCrunch

Article From TechCrunch

Read the official PR via Cision Newswire

PR Newswire Article on LumApps

LumApps is making history. Keep us on your radar!

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