Social intranet platform Happeo announces to have raised $12M in a Series A funding round led by INKEF Capital. Happeo’s previous investors DN Capital, Maki.vc and Vendep Capital also joined the round. This new investment will enable Happeo to accelerate its product development and grow its teams in the Netherlands, Finland, Romania and the United States.
Happeo’s platform solves a common problem with intranets: low usage rates. As one of the only vendors in its industry, Happeo has been able to develop a platform with outstanding usage metrics, noticeable through its high Daily Active Use/Monthly Active Use ratio – the industry-standard metric for social-enabled platforms. For the past twelve months, Happeo’s average sits at 50%, which is on par with the world’s most popular web apps. Additionally, the social intranet platform has seen an increase in average daily messages sent within the platform, going from 500,000 to over 2.5 million in the first quarter of this year, as companies increasingly rely on a remote workforce.