Coronavirus has made quite an impact on the economy. However, as we previously reported, VCs have assured that the fundings won’t dry up completely. Investors are still making new deals and in this situation, lean startups that are dynamically adjusting will most likely come out as winners. Amsterdam-based Yoho is a SaaS platform that has announced raising €400K seed funding from Horizon, the Flevoland’s regional development agency that helps entrepreneurs grow.
Replacing paper processes with mobile workflows
Just a few weeks ago, Yoho raised €250K in pre-seed funding led by HenQ, an Amsterdam based VC that invests from pre-seed to Series A in B2B software startups in Europe. And with the latest funds, the company is aiming to further develop its connected worker platform. As per Yoho, many industrial companies still use dated ways to carry out operations. The startup intends to reform with its mobile-first platform that is aimed at enabling workers to create digital workflows to replace paper-driven processes.
Yoho is currently testing its platform with a number of customers and with the capital raised from Horizon it intends to scale and achieve product-market-fit within the next 12 months. “Yoho is developing a crucial product that’s very scalable and by employing refugees (status holders) the company also has a social impact”, says Inge Verschuur, Investment Manager at Horizon Flevoland.
Many manufacturing companies still use binders, reams of paper, and walkie talkies. Yoho intends to enable a solution for manufacturing companies for creating digital mobile workflows for production, quality, and maintenance teams to replace them. It offers a Facebook-like interface that breaks down traditional communication barriers and enables manufacturing companies to replace paper processes with intuitive mobile workflows.
Main image picture credits: Yoho
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