Inside Workvivo’s plans to take on Microsoft in the employee experience space – TechCrunch

Maintaining company culture When most employees are working remotely, there is a challenge for every organization – big and small.

It was an issue, even before this Kovid. But with so many employees working from home, it has become an even bigger problem. Employers need to be careful that workers do not feel disconnected and isolated from the rest of the company and this morale remains high.

Enter Workvivo, A Cork, Ireland-based employee experience startup supported by Joe Zoom founders Eric Yuan and Tiger Global have grown more than 200% in the past year.

The company works with organizations ranging from 100 employees to more than 100,000 sizes and boasts over 500,000 users. According to CEO and co-founder John Golding had a 100% retention since launch. Customers include Telus International, Kentec, A + E Networks and Seneca Gaming Corp.

Founded by Golding and Joe Lennon in 2017, Workavivo launched its employee communications platform in mid-2018 with the goal of helping Companies create “an attractive virtual workplace” and replace the old intranet.

“We’re not about real-time, we’re more asynchronous communication,” Golding explained. “We have a lot of transaction tools, and usually give a big message about what is going on in a company and what positive things are happening. We are more focused on human connection. “

By using WorkVivo, companies can provide information for employees through a social style, such as identity, CEO updates – “more things that shape the culture, so that workers get a real sense of what’s going on in an organization.” So to receive.” It launched podcasts in the second quarter and livestreaming in Q4.

In 2019, Workavivo showcased its product to Zoom’s Yuan, becoming one of the company’s first investors. Then in May of 2020, the company Raised $ 16 million in a Series A funding Led by Tiger Global, known for its large development-oriented tours.

Workvivo, built long before the COVID-19 pandemic, was found in a suitable location only last year. And the demand for its offering has been reflected.

“Since COVID was a hit, growth has accelerated,” Golding told TechCrunch. “We tripled in size before the epidemic started in terms of revenue, users, customers and employees.”

SaaS operator deals range from $ 50,000 to $ 1 million per year, he said. WorkVivo is Europe-based and operates in 82 countries. But most of its customers are in the US and 80% of its growth is from the country.

The startup soon opened an office in San Francisco 2020, which it is expanding. Thirty percent of its 65-man team is currently US-based, with some working remotely from other states.

Although Workavivo will not reveal difficult revenue figures, only Golding said it is never seeking additional funds, considering the company “in a very strong capital position”.

To deal with the same problem, Microsoft last month Launched Veeva, its new “employee experience platform,” or, in non-marketing terms, its New take Most large companies on intranet sites offer their employees. With this move, Microsoft is taking on the likes of Facebook Workplace platforms and Jive in addition to Workvivo.

Despite the increasingly crowded space, Workavivo believes it has an advantage over competitors in that it integrates well with Slack and Zoom.

“We’re sitting with Slack and Zoom in ecosystem,” Golding said. “There’s zoom, dull and us.”

Slack is real-time messaging and what is happening in the immediate future, and Zoom is real-time video and “about the moment”, he said.

For Golding, Microsoft’s new offering is as yet unproven and a reactionary move.

“It is clear that there is a fight to win for the center of the digital workplace,” he said. “We are meant to capture the heartbeat of an organization, not the pulses.”