French intranet solution startup LumApps raises $8 million for the international expansion

0
348

LumApps, a French startup offering a intranet solution for business content, today announced a Series A funding round of $8 million led by Idinvest Partners.

Founded in 2012 and headquartered near Lyon, LumApps is an intranet solution that brings together all content in an enterprise and is integrated with Google’s G Suite. The fresh capital will be used to accelerate the international expansion in the US and APAC.

CEO Sébastien Ricard stated: “This gives us the ability to reach our goal of changing the way people collaborate and communicate at work by providing a smart digital workplace. Our focus on R&D means we can develop the best intranet platform for companies requiring communication channels to support employees. We’re also diversifying our offering, starting with a new intranet for organisations in education and for NGOs, as well as extranets.”

LumApps’ clients include popular brands and companies like Colgate-Palmolive and the Toronto Stock Exchange. According to the French startup, LumApps plans to grow its revenue by 250% this year.

Sébastien Ricard explained: “Over the past two years we’ve grown internationally and now serve many Fortune 500 and Forbes 2000 customers. With the United States fast becoming our biggest market, we’ll be expanding in the US while also developing our presence in countries across Europe and the Asia Pacific region.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here