Slack set the standard in many ways for what knowledge workers want and expect out of a workplace collaboration app these days, but a lot has been left on the table when it comes to frontline workers. Today, one of the software companies that has built a popular app for that frontline crowd to become a part of the conversation is announcing a funding round that speaks to the opportunity to do more.
Yoobic, which provides an app for frontline and service workers to manage tasks, communicate with each other and management, and also go through training, development and and other e-learning tasks, has picked up $50 million.
Highland Europe led the round, a Series C, with previous investors Felix Capital, Insight Partners, and a family office advised by BNF Capital Limited also participating. (Felix led Yoobic’s Series A, while Insight Partners led the Series B in 2019.) Yoobic is not discussing valuation but from what I understand from a reliable source, it is now between $300 million and $400 million.
The funding comes at a time of strong growth for the company.
Yoobic works with some 300 big brands in 80 countries altogether covering a mammoth 335,000 …read more
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