Beekeeper announces major new funding boost
Beekeeper has closed a $45 million Series B funding round.
This was co-led by Thayer Ventures and Swisscanto Invest by Zürcher Kantonalbank, with participation from prior investors including Atomico, Alpana Ventures, Edenred Capital Partners, Fyrfly, Hammer Team, investiere, HighSage Ventures, Keen Venture Partners, Samsung NEXT, Swiss Post and Swisscom.
The venture plans to use the cash to expand its offering with new features and integrations. Its mobile platform is designed for organisations with more than 50% of its workforce who are not otherwise connected on email or company devices, including Hyatt Hotels, Dollar General, Domino's Pizza and SeaBoard Foods.
"Today, over 75% of the global workforce rely on their smartphones to communicate with their colleagues, but there are few digital tools which cater to the needs of non-desk-workers,” says Nils Granath, responsible for ICT investments at Swisscanto Private Equity Switzerland Growth I KmGK.
“We were convinced by the global blue chip customer base of Beekeeper and the huge upside potential in the non-desk worker segment. It is a great addition to our portfolio, which is focused on supporting fast growing tech companies together with global VC investors."
Beekeeper last year completed a $5 million seed round, an $8 million Series A financing, supplemented by a $13 million Series A extension round.