LumApps Raises $70M in Series C Funding

LumApps, a NYC-based Software-as-a-Service provider of cloud-based enterprise communication solutions, raised $70m in Series C funding. The round – which brought total funding raised to date to $100m – was led by new investor Goldman Sachs Growth with participation from Bpifrance, through its Growth Fund Large Venture, alongside Idinvest Partners, Iris Capital, and Famille C (Courtin-Clarins’ family office). The fundraising will enable the company to accelerate its investment in the following key areas: – R&D investment with a particular focus on Artificial Intelligence and Machine Learning; – Product development to further enhance the customer experience, broadening the set of Development Integrations and Add-Ons; – Growing the Sales and Marketing organization to enter additional geographies like Canada, Asia Pacific, and Germany; – Hiring more than 150 employees in 2020; Led by Sébastien Ricard, CEO, LumApps is a social and collaborative intranet platform designed to connect, inform, and engage employees. This digital workplace equips organizations to break down silos and streamline internal communication. With seven offices worldwide — Lyon, Paris, London, New York, Austin, San Francisco, and Tokyo — LumApps serves some of the world’s most prominent companies, including Airbus, Veolia, Valeo, Air Liquide, Colgate-Palmolive, The Economist, Schibsted, EA, Logitech, Toto, and Japan Airlines.