Bonfyre, a Saint_Louis, Missouri-based private social communication platform for companies to engage employees and align culture, closed a $4m funding round.
The round was led by Arsenal Capital Management. Along with the round of funding, Dan Geraty, CEO of Clearent, joined Bonfyre’s Board of Directors.
The company intends to use the funds to grow the sales team, improve technical expertise and customer support for its clients.
Led by Mark Sawyier, CEO, and Chris Dornfeld, president, Bonfyre provides a private social communication platform that allows companies to engage employees and align culture via features that support internal communications, recognition, engagement campaigns, collaboration, and workplace satisfaction across teams and locations. Every employee can post and share photos with each other, as well as interact with their employer through surveys, quizzes, trivia and over two dozen other advanced features.
Customers include Marriott, Commerce Bank and Express Scripts among nine Fortune 500 companies and others.