Summary List PlacementCOVID-19 has actually been an accelerant to many industries, from finance through to health care, however maybe no more so than the remote working space.
Companies big and small were pushed into what was formerly unimaginable– a fully remote labor force.
The pattern looks set to become irreversible, with one US study finding two-thirds of companies will be WFH in some form permanently. More than 20 blue-chip firms have actually also validated irreversible remote working in some form, consisting of Google, Microsoft, and.
That’s led a shakeup in the tech stack that companies depend on, with an uptick in software application for video meetings and virtual events, in addition to altering requirements around HR software application.
Service Expert talked to nine venture capital financiers across Europe, asking them to select finest startups pushing the remote working transformation forward into 2021..
Check out their picks listed below: Hopin.
Mentioned by: Paul Murphy, partner at Northzone.
In the Northzone portfolio? Yes.
Total raised: $1714 million.
What it does: Hopin, headquartered in London, allows users to host events and conferences online. The company’s business has expanded during the pandemic given that many big international occasions and conferences have actually moved online..
Why it’s hot in 2020: “For years, occasion organizers have actually acknowledged that their future needs to be suitabled for a digital-first world, which is how we concerned develop our own investment thesis on the market opportunity for remote services that are fundamentally built up with that understanding,” Murphy said.
” Naturally, the international health pandemic accelerated that interest however the journey of hybrid event formats had actually currently begun. The most successful up-and-coming platforms supersede conventional video tools by having a laser focus on engagement and user interaction, and I believe among the reasons Hopin is successful at developing this item is their remote culture.”.
Pointed out by: Paul Murphy, partner at Northzone.
In the Northzone portfolio? No.
Total raised: n/a.
What it does: Shiny Frog is an app studio that concentrates on the web design and advancement of apps for Mac and iOS devices, especially Bear Notes, a note-writing service.
Why it’s hot in 2020: “Numerous financiers are quite bad in terms of what they press people to do with items. With their group of designers covering across Italy, Ireland, the US, and no VC cash, Shiny Frog crafts services that are product-driven, including Bear Notes which is the location I go when I simply need to concentrate on writing.”.
Pointed out by: George Henry, general partner at LocalGlobe.
In the LocalGlobe portfolio? Yes.
Overall raised: $2.6 million.
What it does: “Cosmos Video is a virtual places platform that allows people to work, socialize and hangout together from another location, while still enjoying the energy and cooperation that you ‘d expect to experience in genuine time.
” By integrating games and chat, the platform develops an unwinded, real-world atmosphere that lends itself to capture ups and kitchen talks with coworkers that we’re all missing out on.”.
Why it’s hot in 2020: “While many startups are attempting to take on the idea of virtual workplaces since the pandemic, for the creators Rahul Goyal and Karan Baweja, who are Indian immigrants, searching for a virtual area to spend time with family and friends has actually been something they’ve been handling for years,” Henry said. “This viewpoint has allowed them to capture the magic of being together and produce an option that permits individuals to connect throughout borders. This will be incredibly useful for start-ups making the most of the transfer to remote work to hire skill from across the globe, big companies wanting to bring worldwide teams together, and communities holding virtual meetups.”.
Pointed out by: George Henry, basic partner at LocalGlobe, and Sitar Teli, partner at Connect Ventures.
In the LocalGlobe portfolio? No.
In the Connect portfolio? Yes.
Total raised: $4.2 million.
What it does: At a time when remote working is the brand-new normal, Oyster makes it possible for business to employ, manage payroll and give regional advantages to their full-time workers, wherever they might remain in the world..
Why it’s hot in 2020: “Our company believe remote working is a trend that’s here to remain as business recognize their workers can be as efficient beyond the workplace, not to mention the advantage of recovering costly property expenses,” Henry said. “However, in order for this to be efficient, business require clever tools like Oyster to ensure that groups are supported and can receive the usual advantages and benefits without any cross-border friction or discomfort.”.
Mentioned by: Pietro Bezza, Connect Ventures.
In the Link portfolio? No.
Total raised: $250,000
What it does: ” Useberry is a codeless model analytics where users check feedback and rich analytics.”.
Why it’s hot in 2020: ” The switch to remote work has actually seen a surge in remote usability software. One of my favorites is Useberry, which uses testing tools purposefully constructed for models. It provides 7 types of tests and outcomes, including heat maps, user circulations, video recordings, time bars, and timestamp notes.”.
Cited by: Stan Laurent, partner at Highland Europe.
In the Highland Europe portfolio? Yes.
Overall raised: $40 million.
What it does: “StarLeaf allows smooth cooperation through wisely engineered, trusted meeting room systems, exceptional PC and mobile-based video conferencing, and protected messaging.”.
Why it’s hot in 2020: “Video calls have actually been among the most in-demand tools as an outcome of the pandemic, and Cambridge-founded StarLeaf saw need boost 10 x with consumers consisting of NHS trusts, Parliamentary committees and companies of all sizes needing a secure communications platform,” Laurent said.
” Whilst numerous have actually questioned if the demand for video platforms will continue after the arrival of a Covid-19 vaccine, we believe the future of work will have to do with flexibility, with some personnel returning to the workplace and others staying remote. Demand for universal interactions solutions like StarLeaf will just increase.”.
Mentioned by: Stan Laurent, partner at Highland Europe.
In the Highland Europe portfolio? No.
Overall raised: $4 million.
What it does: Bubble is an on-demand mobile app that offers trusted, versatile childcare for working parents. The platform links moms and dads with babysitters that their friends and family currently understand and trust..
Why it’s hot in 2020: “Parents have actually invested at least 9 months wanting some childcare assistance and platforms like Bubble have been a godsend– when it’s been lawfully permitted of course” Laurent said.
” The app validates a nanny’s certification and lets moms and dads book a sitter at 30 minutes’ notice. It does not just come in useful at the weekends – Bubble for Company uses versatile childcare to personnel at business including Uber, TeachFirst and Vigor. For parents who are continuing to work from home or from another location over the next 12 months, Bubble will enable them to be at their most productive, whilst knowing their kids are being safely looked after.”.
Pointed out by: Hannah Seal, Principal at Index Ventures.
In the Index Ventures portfolio?.
Overall raised: $46 million.
What it does: Based in San Francisco, Remote was founded by two European business owners to arrange payroll and compliance for distributed labor forces..
Why it’s hot in 2020: “Remote.com looks after all the complexity and bureaucracy of hiring employees worldwide,” Seal stated. “For one monthly fee it handles compliance, tax, advantages, payroll and all other documentation for companies employing employees abroad. In such a way, Remote is removing country borders enabling business to access leading skill any place they are, which has been a very attractive proposal, sustaining Remote’s growth.”
Pointed out by: Hannah Seal, principal at Index Ventures.
In the Index Ventures portfolio?.
Overall raised: $1.5 million.
What it does: Riff is a voice-first chat tool for teams to interact when working from another location.
Why it’s hot in 2020: “Riff allows distributed groups to team up in real-time,” Seal said. “Riff makes it feel like your group is back in the very same room. Less distracting than Slack or Email, and faster than having to schedule and wait on a video call. Riff exists so that your team can regain peak efficiency, whilst tracking all the siloed conversations throughout various platforms.”.
Mentioned by: Robert Walsh, handling partner at QVentures.
In the QVentures portfolio? Yes.
Total raised: $337,000
What it does: Flexa helps business promote flexible working practices within its hiring process.
Why it’s hot in 2020: “This year, we’ve seen the demand for flexible working accelerate as work environments are ending up being significantly digitized. Having actually evaluated a number of HR tech startups for the QVentures pre-seed fund, the Flexa team’s vision for Flexification stood apart to us as the seal of approval for candidates aiming to discover flexible companies that work with their lives and for business to bring in the very best talent as the working with market continues to move.”.
Cited by: Robert Walsh, handling partner at QVentures.
In the QVentures portfolio? No.
Total raised: N/A.
What it does: Whereby is a partnership tool for simple video meetings.
Why it’s hot in 2020: “As individuals are working from another location, we believe that video innovation business such as Whereby are assisting offices communicate more effectively. Whereby’s platform permits users to host conferences and team up effortlessly which is vital when numerous minutes can be lost to bad connection and UX.”.
Cited by: Itxaso Del Palacio, Idea Capital.
In the Concept portfolio? Yes.
Total raised: $18 millon.
What it does: ” Element is the leading company of safe decentralized cooperation solutions, letting governments, companies, groups, and individuals run and control their own protected chat apps rather than being beholden to centralized or unencrypted comms services like Slack, Teams, and WhatsApp.”.
Why it’s hot in 2020: “The company has actually raised $18 million up until now and has actually benefited substantially from the worldwide shift towards remote cooperation, providing interactions for organizations who do not wish to entrust their information to Facebook, Google, or Slack.”.
Pointed out by: Itxaso Del Palacio, Idea Capital.
In the Concept portfolio? No.
Overall raised: Concealed.
What it does: ” Radical brings collaboration into the software where we really do work.”.
Why it’s hot in 2020: ” The principle is easy. Radical allows you to add comments, points out, and annotations throughout tools, so teammates can quickly get on the very same page.”.
Mentioned by: William McQuillan, Frontline Ventures.
In the Frontline portfolio? Yes.
Total raised: $166 million.
What it does: ” Workvivo is your Swiss army knife for employee communication, integrating an internal social network, employee app, community areas, and fast links to your existing tools, all in one.”.
Why it’s hot in 2020: ” Workvivo is a brand-new breed of worker interactions platform created for ‘the brand-new typical’. It’s beautifully designed to bring remote teams together, assisting business link, engage, inspire, acknowledge, and upgrade their workers, wherever they work from, in ways that standard tools wouldn’t enable.
” Organizations utilizing Workvivo regularly see much greater levels of employee engagement.”
Mentioned by: William McQuillan, Frontline Ventures.
In the Frontline portfolio? No.
Total raised: Concealed.
What it does: ” Hofy is an online platform that allows companies to make remote working operate in simply a couple of clicks. To name a few things, Hofy helps you handle health and safety, devices provisioning, and remote onboarding.”.
Why it’s hot in 2020: ” Hofy can deliver remarkable experiences at home, consisting of remote onboardings. Photo a corporate-branded box arriving your new hire’s home at 8am on their first day.
” When the box is opened, 3 helium balloons fly out, reading: ‘Welcome to your brand-new job!’ How could they resist tweeting how remarkable their first day was?”.
Pointed out by: Lars Fjeldsoe-Nielsen, Balderton Capital.
In the Balderton portfolio? Yes.
Overall raised: $18 million.
What it does: ” Hiya is a developer of a caller identification application developed to use a much better phone experience to mobile users worldwide.”.
Why it’s hot in 2020: ” The shift to remote work has made Hiya’s voice efficiency service more important than ever previously..
” The firm itself has actually had a dispersed workforce for many years, so getting used to remote work was fairly seamless … They have actually also contributed to regional charities in lieu of holiday parties, and I enjoy how the team take a look at this opportunity to assist those in need during extraordinary times..
Mentioned by: Lars Fjeldsoe-Nielsen, Balderton Capital.
In the Balderton portfolio? No.
Total raised: Concealed.
What it does: ” Aura items provide an effective guard safeguarding the digital lives of those you like. Their digital hazard defense platform joins best-in-class privacy, identity, and security items that allow consumers to handle disparate cybersecurity requires with ease and optimum efficiency.”.
Why it’s hot in 2020: ” As we have actually embraced working from house in a year like no other, everyone is living remotely, and all our digital activity is happening from the viewed safety of our houses..
” Regrettably, identity thieves and fraudsters are capitalizing. That’s why Aura is special. Relied on by countless clients, Aura is a technology company committed to streamlining digital security for customers.”.