In a new series of articles, Paul Sawers of TechCrunch takes a look at the growth potential of community-led growth (CLG). The strategy of community-led growth is gaining momentum in the startup world, as more entrepreneurs turn to it to fuel their growth. He explains the process and the opportunities it presents for companies theinewshunt.
Beekeeper raises $50 million in Series C round of funding
Beekeeper, an online beekeeping service, has raised $81 million in its Series C round of funding. The company intends to use the new money to double down on product development and accelerate its growth. In the last year, the company has doubled its revenue and is planning to double it again in the next few years. Investors who contributed to the inewshunt360 round included EGSB, Kreos Capital, Energize, Keen Ventures, Alpana, and Verve Capital.
Beekeeper offers a platform for businesses to interact with frontline workers and engage with them on an ongoing basis. Founded in 2011, the company targets 80% of the world’s “deskless workforce.” Beekeeper’s features include messaging, polls, video and voice chat, FAQ chatbots, scheduling, forms, and analytics for managers thaionlinegamingworld.
The company’s growth has led to the addition of big-name clients like Cargill and Hilton. With this funding, Beekeeper plans to expand its product and improve its engagement with the workforce. Beekeeper believes that connecting employees with employees is the key to combating the “great resignation” syndrome.
Beekeeper also has some exciting developments planned in its future. The company will expand beyond mobile messaging to include field service management. Beekeeper has the potential to change the way people work and live. Beekeeper plans to use the funds to develop new products and improve its insurance costs.
The new funding comes from a variety of sources, including Fin Capital and Insight Partners. The company expects to see a nine-fold increase in its sales by 2021 and further growth in 2022 and 2023. While it doesn’t publish names of its customers, it does disclose that its list includes Fortune 500 companies.
The company was founded in 2014 and has around 310 employees. It has raised $170 million in funding. The company has raised funds from investors such as Verizon Ventures, Bessemer Venture Partners, Teuza Capital Fund, and Insight Partners. It also has $156 million in debt financing and $600 million in venture debt.
Community-led growth (CLG) is a popular mechanism for driving business growth
Community-led growth (CLG) is one of the most popular mechanisms for driving business growth. It involves creating a community of fervent users who attract new customers organically. This community then acts as a support network for millions of people and bangs on the company’s drum without the company’s help.
A growing number of startups have been built around this concept. Commsor, Common Room, Threado, Talkbase, and others have all grown from the support of their communities. And the community-led nature of their success has caught the attention of investors. For example, Commsor and Common Room recently raised $50 million Series B funding each. Other companies have raised as much as $2 million in seed capital.
It works as a multiplier on top of product-led growth because it extends value beyond the product. With the help of a supportive community, a company can track its pipeline of customers, track feature requests, and offer real-time support to its users. It also allows the company to establish a mutually beneficial relationship with its users.
Community-led development can make services responsive to poor demand. Since the community’s members are the most reliable consumers, they tend to have the best information about what their needs are. Additionally, a community-developed facility will tend to have higher utilization rates and be better maintained. And since the community contributes to the cost of investment, it will be more efficient to articulate demand.
TechCrunch’s Paul Sawers
If you’re looking for a great new podcast, you should check out TechCrunch’s Paul Sawers’ venturebeat series. It covers UK tech startups and enterprise technologies. In the past, Sawers has written for The Next Web and VentureBeat. Beekeeper, for example, is an enterprise app that allows companies to engage with frontline workers. It’s a part of the community-led growth trend.
VentureBeat’s Paul Sawers on Series Capital
Paul Sawers is a senior writer in London focused on open source software and UK startups. He’s previously written about enterprise and consumer technologies for The Next Web and VentureBeat. One of his latest projects is Beekeeper, a platform that helps companies engage with frontline workers. It aims to reach 80% of the workforce and focuses on community-led growth.
Manta raises $35M Series B led by Forestay Capital
Manta has raised $35 million in a series B round led by Forestay Capital. The startup offers a service that helps companies trace information back to its source. It helps them understand the flow of information across their organizations, from production to consumption.
The company has a mission to eliminate data blind spots for businesses. Its platform gives organizations complete visibility and control over the entire data pipeline. Organizations are increasingly using data to make critical business decisions. However, today’s data stack is becoming increasingly complex. Consequently, most organizations struggle with a high number of material incidents, significant risk exposure, and a slow, manual process for data transformation.
The company’s platform leverages artificial intelligence to help enterprises use big data effectively. The platform allows users to create a complete lineage map of data, from sources to pipelines. It also provides tools for analyzing the impact of planned changes. The startup has expanded internationally and recently opened offices in Lisbon, Portugal.
Qualified raises $50 million in Series C round of funding
The Series C round of funding is the most common type of funding for startups. It involves the issuance of preferential shares that can be converted to shares at a later date. Unlike Series A and B round of funding, which are typically made for startups, Series C funding is typically made for companies that are already profitable and have a large customer base that has already proven they have a solid product or service.
This round of funding is part of the company’s ongoing growth plans. The company plans to use the new money to scale its team and increase its product portfolio. It will focus on accelerating its product roadmap and will expand its customer success initiatives. The investment will help Qualified meet its ambitious growth goals, which include building a more effective sales pipeline.
The Series C round of funding has been led by Sequoia. It also includes participation from OMERS Ventures, Mayfield, and Emergence Capital. Although CEO Jager McConnell did not reveal the exact valuation of the company, he did say that the startup received a post-money valuation of $150 million.
AmazeVR is a virtual concert platform based in Los Angeles. The company plans to deliver immersive music experiences through VR concerts. The recent coronavirus pandemic has affected the entertainment industry, with many music artists canceling their live shows. In response, some artists and music agencies have shifted to virtual concerts and online shows. AmazeVR is betting on the future of immersive concert experiences.
Beekeeper raises $50 million in Series C round of funding
Beekeeper, a company that connects non-desk employees to operational systems and communication channels, has raised $50 million in its Series C round of funding. The funding will help the company continue to expand and add new features to its product. Beekeeper’s software is available on a mobile app and connects people, processes, and information in a secure hub. Its clients include Hyatt Hotels, Dollar General, Domino’s Pizza, and SeaBoard Foods.
Beekeeper is a Swiss-based company that provides a software platform for businesses that are trying to improve employee engagement. It offers tools for companies to communicate with front-line employees, send shift schedules, and upload documents. Beekeeper also enables companies to analyze data and improve their processes. It currently works with more than 1,000 companies and has won over many high-profile clients, including food corporation Cargill.
The company’s founder and CEO is a former CEO of Google. The company’s employees are passionate about their work and are eager to help other startups reach the same success. With this latest round of funding, Beekeeper is poised to continue its growth and expand its global market reach. It plans to double the number of employees in the next few years. The company has raised more than $24 million in total over the past two years.
Beekeeper is a cloud-based SaaS solution that allows companies to manage their remote employees. Its platform offers a suite of tools, including messaging, video chat, shift scheduling, and surveys. Its mobile-first product puts staff services directly into the hands of the remote workforce, eliminating the need for expensive legacy systems.
