LumApps, the SaaS provider of cloud-based enterprise communication solutions, announced a $70 million (approx € 63.1 million) Series C funding round, bringing the company’s total amount raised to around $100 million (approx € 90.1 million).
The funding round was led by the new investor Goldman Sachs Growth along with other investors, including Bpifrance, through its Growth Fund Large Venture, alongside Idinvest Partners, Iris Capital, and Famille C (Courtin-Clarins’ family office).
Sébastien Ricard, CEO of LumApps, said:
It’s crucial for companies today to connect and engage all of their employees, and that can only happen when they have a way to centralize all communications, workflows, and applications. It’s incredibly gratifying to play a part in seeing our customers unleash such levels of productivity, and this investment represents our commitment to their success. We are tremendously grateful to our customers and, of course, my co-founders and team for making this all possible. We look forward to another year of exceptional growth.
For the uninitiated, LumApps is a social and collaborative intranet platform designed to connect, inform, and engage employees. This innovative digital workplace equips organisations to break down silos and streamline internal communication.