A hybrid working scaleup is planning to triple both its UK business and workforce on these shores after raising $111 million in Series C funding.
Silicon Valley firm Envoy has built a workplace platform to solve the problems of flexible workplaces where teams split their time between home and the office.
It streamlines for companies and their employees the day-to-day processes that can get in the way of great work and community building. People can coordinate schedules with co-workers, book desks and rooms, welcome visitors, receive deliveries and verify COVID vaccination and test result status.
A spokesperson told BusinessCloud: “The UK is the largest market after the US and we hope to more than triple that volume in 2022.
“We have more than 250 customers headquartered in UK, with 11 full-time employees in sales and success.
“We plan to hire 15-20 full-time employees on top of our current 11 in 2022.”
The new funding was led by Brookfield Growth, with participation from existing investors Menlo Ventures, Andreessen Horowitz, Initialized Capital, Haystack, and new investors BAM Elevate, Seven Seven Six, Triple Point Capital, Elad Gil, and others.
It brings the company’s valuation to $1.4 billion.
“When COVID happened, our customers came to us for help. Many needed to reopen for essential workers, but in a safe way that would help their people feel confident about coming back,” said Larry Gadea, founder and CEO of Envoy.
“They knew we could build something with a really great employee experience that people would want to use. We proved that we’re problem solvers who can be agile, build fast, and outpace everyone else.
“With Brookfield as a strategic partner, Envoy is now positioned to operate every workplace in the world.”
Brookfield is one of the world’s largest real estate owners, operators and investors.
Josh Raffaelli, managing partner at Brookfield, oversees its growth investing initiatives. “We talk to our tenants all the time so we know what they’re looking for,” he said.
“Envoy offers a first-class office experience that the customers love and is by far and away the clear market leader.
“Envoy seized the opportunity to bring people back together in the office in a way that helps employees collaborate efficiently and strengthens company culture.”