Beekeeper, a Zurich, Switzerland-based SaaS startup transforming the way frontline businesses work, raised $50 million in Series C funding and launches a new product suite, bringing its total raised to more than $100 million.
New investors like EGS Beteiligungen and Kreos Capital joined the Series C round alongside its existing investors and partners, including Energize, Thayer, SwissCanto, Keen Ventures, Alpana Ventures, Edenred Capital, and Verve Capital.
This fund will be used to grow, continue to invest in product development, and establish its leadership in the frontline success category.
"The disconnect between employers and their frontline employees is at an all-time high, causing staff shortages and burnout that comes at a hefty economic price. This round of investment validates Beekeeper's mission to tackle this disconnect and overcome the crippling status quo it creates. Our mobile-first, frontline success system connects workers to the people, processes, and information they need to be productive, engaged, and safe at work. This new way of working gives our customers an unmatched competitive advantage during challenging times." Cristian Grossmann, Beekeeper Co-Founder, and CEO
Since 2020, Beekeeper has seen exceptional growth, with thousands of frontline business locations using the Beekeeper platform in more than 150 countries, which continues to drive investor attention.
Beekeeper's staff has grown to more than 200 team members across the United States and Europe, and the company is continuing to hire.
Company: Beekeeper Ltd.
Raised: $50.0M
Round: Series C
Funding Month: November 2022
Lead Investors:
Additional Investors: Beteiligungen, Kreos CapitalEnergize, Thayer, SwissCanto, Keen Ventures, Alpana Ventures, Edenred Capital, and Verve Capital
Company Website: https://www.beekeeper.io/
Software Category: Enterprise Messaging Software
About the Company: Founded in 2012, Beekeper is an operating system for frontline businesses that helps companies ditch paper and manual processes to improve employee engagement, retention, and performance. Beekeeper's mobile-first platform was designed and built for deskless employees who, despite representing 80% of the global workforce, have been chronically underserved when it comes to workplace technology. With Beekeeper's Frontline Success System, companies can automate paper-based processes, communicate with employees in real-time from anywhere, and improve frontline teams' engagement, productivity, and safety. Beekeeper empowers frontline businesses and workers with the digital solutions they need to do their best work. Companies use Beekeeper worldwide to connect their teams, unify their systems, and propel their businesses forward.
Source: https://www.beekeeper.io/blog/the-great-frontline-disconnect