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In a big boost for Leeside, a Cork company that helps top employers with many employees working from home has secured massive funding of € 16m from international investors.
Workvivo is an employee communications platform founded just three years ago in Cork with its headquarters in Douglas.
He just raised $ 16 million in funds from Tiger Global, a US investment fund. USA Best known for supporting startups that are about to go global. Tiger has backed Stripe in the past, the internet payments company founded by the now billionaire brothers Limerick, Patrick and John Collison.
Along with another recent increase in funding from Frontline Ventures and Enterprise Ireland, the amount raised for Workvivo’s expansion to more than € 16.2 million is needed.
Workvivo appears to have benefited from the massive change in work practices caused by the current Covid-19 pandemic.
The Cork company founded by John Goulding and Joe Lennon specializes in creating a sense of community among company staff and teams, connecting them, allowing them to communicate with colleagues and managers, and creating an online “company culture”.
In basic terms, Workvivo can create what amounts to a closely connected “Facebook group” for employees.
Through the web, the desktop, and a mobile app, Workvivo offers employees the ability to read and post content in an activity feed, as well as “like,” share, and comment in the same way you would on Facebook. .
Major companies like NETGEAR, TELUS International and Cubic Telecom are now among the many companies that now use Workvivo.
Co-founder John Goulding acknowledged that the ongoing pandemic had caused more companies to view applications and products like those offered by Workvivo.
“The shift to remote work has been significantly accelerated by recent events,” said Goulding.
“Now it is more important than ever that employees can communicate effectively and stay engaged with each other and with the business.
Workvivo’s communication platform helps organizations connect and engage with their employees, regardless of location, bringing culture to life and aligning everyone with what the organization is trying to accomplish. “
He said the funding will be used largely for sales and marketing, as well as for product development.
Workvivo’s success will bring confidence to Cork’s rapidly growing new technology, digital and industry.
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