We Raised 24M in Series B Funding – Here’s How and Why
(April 12, 2019) Sébastien Ricard, CEO – I’m very excited to announce that LumApps has raised $24 million in Series B Funding.
"I’m very excited to announce that LumApps has raised $24 million in Series B Funding."
– Sébastien Ricard, Co-founder and CEO
A huge thanks to IdInvest Partners for believing in us once again after a Series A in 2017 and a very busy 2018, a year that wasn’t without its tribulations. We trust them to support us and provide the experience and vision to keep growing over time to great new heights.
This wouldn’t have been possible without my co-founders Lionel Grivel, Elie Mélois, Olivier Chanoux and other valued associates, and without the tireless work from the entire LumApps team. Meet our executive team.
Customer-driven from the start
LumApps has always been about connecting people and building lasting work relationships. We started LumApps Social Intranet to answer the needs of our historical customer Veolia and have kept a strong customer focus ever since.
Today we’ve earned the trust from a range of prominent and international companies, in a variety of industries, in the Forbes 500 List and the European Stock Market.
What’s more, a full 50% of our team is dedicated to product development, and that’s not changing any time soon.
New solutions
As we keep innovating and growing upon our star social intranet solution, we also want to offer more possibilities for businesses to extend their digital workplace.
So this funding will also support our new solution offers, so that LumApps goes beyond pure intranet to become the digital workplace of the future.
We just launched LumApps Social Employee Advocacy – so that all companies can turn their engaged collaborators into the best brand advocates!
"We may have started in France, but it was always my dream for LumApps to become an international company."
– Sébastien Ricard, Co-founder and CEO
Building a worldwide legacy
In just a few years, we tripled our team from under 50 to over 150 and went from a national startup to an international company. I still can’t believe the strides we’ve made since our inception. Each new year looks nothing like the last.
In 2019, my plan for LumApps is not only to keep scaling, but also to steady our culture for more employee well-being.
We may have started in France, but it was always my dream for LumApps to become an international company. Starting in 2018 we brought in experienced American talents, such as Mike Beeson, Rob Ryan and Frank Pathyil. We also consolidated our offices in the USA – HQ in New York, with teams in Austin and San Francisco.
The year 2019 was a real turning point, as our customers and revenue are more than ever coming from US enterprises who trust our product with a French flavor.
Things are also picking up on the JAPAC front, as we build our footprint from Tokyo, Japan – proof that LumApps’ appeal transcends geographical boundaries.
Once more, I’m very proud to share this important new step in LumApps History. All I can say now is that I hope you’ll keep watching for us!
Read the news in Steve O’Hear’s article for TechCrunch
Read the official PR via Cision Newswire
