The Netherlands-based Mibo, a social meeting platform, has raised €1M in a fresh round of funding led by Peak Capital.
The fun way to meet – Mibo
Mibo (formerly known as Borrel) is a video chat app made for online meetings, remote drinks, social mixers, networking events, or just hanging around. These kinds of informal gatherings remain unnatural and stiff with Zoom and other standard video conferencing tools. This is where Mibo steps in. It claims to take the awkwardness out of virtual meetings.
CEO & co-founder of Mibo, Taco Ekkel, says, “Having built and worked with many remote teams, we know the pain of trying to have informal gatherings or fun activities remotely. Zoom and other business video conferencing tools simply aren’t built for informal group gatherings. That’s why we’ve built Mibo: to help teams get together in a way that feels human, social, and fun.”
Mibo combines video conferencing with walking around in a 3D world, giving its users an authentic feeling of being together. With the help of its web-based proximity chat technology, participants can freely move around and hear others become louder as they move closer to them.
According to the company, it combines the informal environment and the freedom of movement with positional audio and real-time video image, to let users socialise in small groups. Users can see one another and choose what conversations to join by simply walking around.
Mibo also offers a variety of environments to gather in, from tropical islands to workshop spaces. This can be experienced simply in a web browser without the need for any additional VR hardware.
Customers have used Mibo for team drinks and check-ins, company meetings, conference mixers, and many more meet-ups that benefit from a more informal, social.
Mibo was launched in October 2020 by Taco Ekkel and Benjamin de Jager. According to the company, within just the first few months, almost a quarter-million people used its platform
Some of its customers include Microsoft, Google, Netflix, Disney, Nike, Warner Bros, and Unicef.
Use of the funds
The raised capital will help the company to further accelerate international growth and build out partnerships.
In addition to that, Mibo is partnering both around product integrations and as a platform for custom third-party-designed social experiences. It is looking to quickly expand the team including leadership roles in marketing, customer success, data, and sales.
“We are excited to partner with Peak Capital because they are intimately familiar with scaling SaaS companies and share our vision of a world where remote work is empowered by a new generation of tools that deeply understand social dynamics”, says CTO & co-founder of Mibo, Benjamin de Jager.
About Peak Capital
Peak Capital is a European investment fund based in Amsterdam, the Netherlands. The firm offers smart venture capital to Europe’s fast-growing, early-stage marketplace, platform, and SaaS companies.
It manages €84M and has made 31 investments to date, of which 12 in just the last 18 months. The funds realised 10 exits, like IENS (now The Fork) to TripAdvisor, Radionomy (now Shoutcast), which was acquired by Vivendi, and Catawiki, which was acquired in 2021 by Permira.
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