iObeya, a Massy, France-based provider of Enterprise Visual Management software, raised $17m in second round of funding.
The round was led by Red River West with participation from Atlantic Bridge Capital and Fortino Capital Partners, bringing the total raised to date to $20m.
The company intends to use the funds to develop its platform, accelerate expansion into the United States, including the opening of a Seattle headquarters led by Cisco veteran Tim McCracken. The company also announced that it has recruited Rick Tywoniak, an expert in the field of visual collaboration, as Vice President of Marketing.
Founded in 2011 and led by Cyril Daloz, CEO, iObeya provides an enterprise platform dedicated to all Visual Management and collaboration practices. The system enables distributed teams to perform their rituals and ceremonies as though face-to-face and in a secure virtual environment, while upholding the principles of Lean and Agile methodologies. More than 350,000 workers around the world use iObeya daily to improve their company’s performance as part of their major strategic Lean, Agile, digital, and cultural transformations. A number of multinational companies use iObeya for Visual Management and visual collaboration including Airbus, Thales, Volvo, Philips, Cartier, Axa, Eli Lilly and Company, Western Digital, Kimberly-Clark, Danaher, Sanofi, and many more.