Workvivo has raised $16 million in venture capital as the Irish company prepares to expand its platform that aims to be a hub for all internal employee communications.
Tiger Global led the round of funding, which also included participation from Frontline Ventures and . , which had become profitable before taking any external money, has now raised a total of $17.5 million.
The funding round and Workvivo’s growth is the latest sign that despite numerous attempts to reinvent workplace communication and collaboration, no single solution has entirely managed to solve the challenge. The explosion of working from home during the coronavirus lockdowns has brought even greater urgency to the issue of creating more effective ways of communicating internally with employees.
“It’s not an employee communication