202022 Jan

Paris-based LumApps raises €63.1 million to grow its enterprise intranet platform | EU-Startups

Summary

New investor Goldman Sachs led the round with participation from Bpifrance, through its Growth Fund Large Venture, alongside Idinvest Partners, Iris Capital, and Famille C. LumApps, founded in 2012, is a social and collaborative intranet platform designed to connect, inform and engage employees. LumApps powers hundreds of the most prominent enterprise companies in the world including Airbus, Intuit, Electronic Arts, Colgate-Palmolive, Motorola, Logitech, Valeo, Japan Airlines and Google Cloud. The new financing will fuel the next phase in LumApps’s growth, including accelerating product innovation and investing in sales and marketing to meet global demand for the company’s digital workplace suite. “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,” said Sébastien Ricard, CEO of LumApps. “LumApps has it all: Exceptional technology, visionary leadership and an impressive customer roster across industries and regions,” said Christian Resch, Managing Director Goldman Sachs Growth.

Source: Google

Funding

$70M
Amount
Jan 22 2020
Date
-
Investor
LumApps
Company

Classifications

Companies