LumApps, a NYC-based Software-as-a-Service provider of cloud-based enterprise communication solutions, raised $70m in Series C funding.
The round – which brought total funding raised to date to $100m – was led by new investor Goldman Sachs Growth with participation from Bpifrance, through its Growth Fund Large Venture, alongside Idinvest Partners, Iris Capital, and Famille C (Courtin-Clarins’ family office).
The fundraising will enable the company to accelerate its investment in the following key areas:
– R&D investment 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;
– Growing the Sales and Marketing organization to enter additional geographies like Canada, Asia Pacific, and Germany;
– Hiring more than 150 employees in 2020;
– Potential M&A.
Led by Sébastien Ricard, CEO, LumApps is a social and collaborative intranet platform designed to connect, inform, and engage employees. This digital workplace equips organizations to break down silos and streamline internal communication. Built upon its Social Intranet, LumApps Employee Social Advocacy enables quick social sharing. The company integrates with popular productivity suites, including G Suite and Office 365, to centralize access to all corporate content, business applications, and social features under a single platform. With seven offices worldwide — Lyon, Paris, London, New York, Austin, San Francisco, and Tokyo — LumApps serves some of the world’s most prominent companies, including Airbus, Veolia, Valeo, Air Liquide, Colgate-Palmolive, The Economist, Schibsted, EA, Logitech, Toto, and Japan Airlines.