Do you ever find the number of platforms and tools that you have to use at work overwhelming? Beezy offers an SaaS solution that allows companies to combine several tools into one easy-to-use interface, while letting employees easily collaborate and communicate with each other.
Headquartered in Barcelona and with offices in San Francisco, Beezy just closed a venture debt round of €1.5 million from Inveready, which it will use to fuel its ambitious international expansion plans. The startup was founded in 2011 and has experienced strong growth in recent months, validating the scalability of its business model.
Beezy offers a complete integration of a company’s different communication and information channels based on Microsoft’s productivity platform, streamlining company processes, improving the employee experience and enhancing collaboration, while allowing the complete integration of all the available information in a new unified environment.
Carlos Conti, General Partner of Inveready, commented: We are pleased to contribute to the development and growth of such a remarkable software solution as Beezy and at the same time, we are delighted to confirm the strong fit of this type of financing in SaaS models. We are very happy with the timing of the deal maximizing the value for both parties. We have closely followed the evolution of the company for some time and have witnessed the acceleration of its recruitment of new customers and maturation as a SaaS product company.
Jordi Plana, CEO, founder and major shareholder of Beezy expressed: Signing a venture debt agreement with a strategic partner such as Inveready will help us boost the commercial development of the company, to strengthen our commercial partners network as well as easing the incursion into new markets. Moreover, the capital inflow will allow us to continue with our R&D investments in Artificial Intelligence and UX of the product thus gaining competitiveness in the international market.
Beezy has annual recurring revenues above €4.5 million and shows a 92% retention of its users. The young company has clients from various verticals and geographies, including companies such as Vodafone and Monster.