Idinvest leads $24m round in LumApps

The company intends to use the financing to scale up its team, boost its international expansion, especially in Asia and the US, further invest in marketing and accelerate product development for its digital workplace suite.

Previous funding
LumApps raised $8m in a series-A funding round led by Idinvest Partners in October 2017.

Company
Founded in 2012, LumApps provides a platform to connect and engage employees in the digital workplace, manage intranet communication and offer access to corporate news, personalised news feed, work applications and social communities.

The company is headquartered in Lyon, with offices in Paris, London, San Francisco, Austin, New York and Tokyo, and employs 150 staff worldwide. Its client base includes a range of international companies active in a variety of industries, such as Veolia, Valeo, Air Liquide, Colgate-Palmolive, The Economist, Schibsted, EA and Logitech.

People
Idinvest Partners - Alban Wyniecki (investment director).
LumApps – Sébastien Ricard (CEO, co-founder).

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• Topics
• Expansion
• France
• Technology
• IDInvest Partners (AGF Private Equity)
• Venture
• France