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LumApps raises $24M Series B for its ‘social intranet’

LumApps, the “social intranet” for the enterprise, has closed $24 million in Series B funding. The round is led by previous backer IdInvest, and will be used to scale LumApps’ global sales and marketing and accelerate product development.

Founded in Paris in 2012 — and now also with offices in London, Tokyo, San Francisco and New York — LumApps has developed a social web-styled intranet for enterprises to let company employees better connect and collaborate.

The solution integrates with both G Suite, Microsoft Office 365 and Microsoft SharePoint, and is accessible via mobile. Overall, it is designed to serve as a central hub for personalized content, social communications, work tools and enterprise applications.

“We launched LumApps Social Intranet solution in 2015, after our historical customer Veolia asked us to create a platform based on their needs,” LumApps founder and CEO Sébastien Ricard tells me. “We quickly realized there was a massive demand for modern intranets from all companies, to transform internal communications and the employee experience.”

That’s because, he says, communication within an enterprise is challenging, spread across disparate tools such as email, live chat and social networks — solutions that are typically disconnected and siloed. This is …read more

Thank you Source: Social – TEch crunch

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