Atomico and Keen Venture Partners led the round with a diverse group of strategic investors including Samsung Next, Edenred Capital Partners (ECP), and Swiss Post who have joined Beekeeper's mission to connect the nearly 2 billion non-desk workers who have been forgotten when it comes to digitalization within companies. All existing key investors, including FYRFLY Venture Partners, ALPANA Ventures and investiere.ch, participated in the round as well.
Aligning employees without email addresses or corporate devices with the entire organization in a centralized, secure environment is a major challenge. Seventy-five percent of the workforce currently use their personal mobile devices to communicate with co-workers, and the lack of proper operational communication tools has forced employees to use consumer-based workarounds like WhatsApp and Facebook Messenger. Data privacy scandals by consumer giant Facebook and the launch of GDPR has emphasized the importance of data privacy and security.
"Atomico is proud to support Beekeeper as their innovative employee communication and operations platform, built specifically for the world's two billion non-desk workers, continues to succeed on a global scale," said Ben Blume, Principal at Atomico. "Over the last few years we've watched Cris, Flavio and the team build not only a world class product and culture, but consistently win some of the world's most well recognized corporations as clients across a range of industries from hospitality and manufacturing to retail and construction. It is a testament to our belief that big enterprise SaaS winners will continue to emerge from Europe."
"Beekeeper plays right into the heart of the digital workplace trend," said Robert Verwaayen, general partner at Keen Ventures. "We believe that Beekeeper is on a path to become an indispensable collaboration tool for the 80% of the global workforce that has been largely forgotten by digital technology. The market opportunity, strength of the product and the talent of the team gives Beekeeper a real shot at becoming a meaningful giant in the mobile enterprise space."
This round of capital will also be dedicated to the next evolution of Beekeeper's Marketplace and plug-in ecosystem. As the central employee touchpoint, Beekeeper has the unique ability to streamline internal communications and operational tools within one intuitive app that desk and non-desk workers can access in real time from their mobile phone. Through Beekeeper's integrations and out-of-the-box apps, corporations can consolidate operational tools and communications into a simplified employee experience - something that will be imperative as frontline workers are introduced to corporate technology, many for the first time.
Christina Bechhold Russ, principal at Samsung NEXT Ventures said, "Non-desk-based workers are one of the most overlooked markets for digital services, yet they are estimated to have a mobile penetration rate of 84% and only continues to grow. Beekeeper enables employers with distributed workforces ̶ from manufacturing companies to retailers ̶ to seamlessly connect everyone in the organization and transform the way information is disseminated and shared. A strategic investment for NEXT, this is a great opportunity to support a fast-growing scale-up leveraging mobile devices to define the future of work."
Beekeeper's new financing comes within a year of closing its Series A round and marks a time of rapid corporate growth. In the past year, Fortune 500 firms across the globe have adopted Beekeeper to improve internal communications and streamline operations. Beekeeper has also increased its user base by more than 500% and is currently being used in more than 137 countries worldwide.