Working and being a part of a big organisation comes with its own set of challenges. One of the issues being lack of efficient communication in or between teams, since people tend to use a fragmented ecosystem comprising of emails, social networks and/or chat apps to convey information. Realising that there’s a market gap for a method that can enable streamlined communication within a company, the France-founded startup LumApps built “social intranet” for enterprises.
Raises €21.2M in Series B
LumApps has now raised €21.2M in Series B funding for its social Intranet. The latest round of funding was led by Idinvest, which also covered the company’s Series A funding with €7M. The startup will employ fresh funds to accelerate product development, along with the expansion of global sales and marketing.