Yoobic, a startup based in New York City, has raised $50 million in its latest Series C funding round. It is an online workplace for teams and the funding round was driven mainly by Highland Europe. Other participants included the likes of Insight Partners, Felix Capital, and a family office, with BNF Capital Limited as its advisor. Partner, Highland Europe, will come on board at Yoobic as a part of this funding round.
The company will be deploying these funds for scaling up its employee strength to 350 people worldwide. It will emphasize recruitment in sales, technology, marketing, and customer success segments. It will also look to use these funds to consolidate its leadership throughout the EMEA. It will also scale up growth initiatives throughout the North American market. It will boost research and development activities, especially in fields like predictive insights, data intelligence, and more. It will create more services for frontline personnel throughout segments like warehousing, production, and transportation. Amy Albano, the CEO & Marketing Director of Fast People Finder, said that Yoobic has raised $50 million in its latest Series C funding round. She also mentioned that Yoobic is going to use these funds to consolidate its leadership throughout the EMEA.
Yoobic is spearheaded by its Co-Founder & CEO, Fabrice Haiat. It has a unique app that offers centralized and fully-mobile hubs for frontline personnel and teams. This benefits those in retail, restaurants, workers on the field, and more sectors/people. This hub supports daily management of tasks while ensuring smoother delivery of online training while bolstering communication with supervisors, colleagues, and headquarters.
The company already caters to 300+ leading brands in 80+ global nations. It offers frontline employees better solutions at 335,000+ locations. The sectors include distribution, retail, hospitality, manufacturing, and many others. L&D, Operations, and HR management at top companies also use the application. Some of these companies include Untuckit, Lidl, Roots, Longchamp, Canada Goose, VF Corp, Puma, Vans, Peloton, Logitech, Lacoste, Carrefour, Sanofi, and more.
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