Beekeeper doubles revenue over the pandemic, captures more than $100M
in total funding and launches new product suite
SAN FRANCISCO and ZURICH, Nov. 9, 2022 — Beekeeper, the leading frontline success system, today announced it has raised $50 million in Series C funding after more than doubling revenues since the start of the pandemic. New investors like EGS Beteiligungen and Kreos Capital joined the round alongside existing investors Energize, Thayer, SwissCanto, Keen Ventures, Alpana Ventures, Edenred Capital and Verve Ventures. Beekeeper plans to use this round of funding to grow, continue to invest in product development and establish its leadership in the frontline success category.
“The disconnect between employers and their frontline employees is at an all time high, causing staff shortages and burnout that comes at a hefty economic price,” said Dr. Cristian Grossmann, co-founder and CEO, Beekeeper. “This round of investment validates Beekeeper’s mission to tackle this disconnect and overcome the crippling status-quo it creates. Our mobile-first, frontline success system connects workers to the people, processes and information they need to be productive, engaged, and safe at work. This new way of working gives our customers an unmatched competitive advantage during challenging times.”
“Our investment in Beekeeper comes at a critical time for the frontline workforce. As more industries from manufacturing through to hospitality continue to grow in a challenging global economy, businesses have to keep innovating. Beekeeper is the best in class, mobile-first platform, designed to address frontline business challenges,” said Sean Dunne, General Partner at Kreos Capital.
“More than 80 percent of the global workforce are deskless workers, and as digitization scales and transforms nearly every sector of the economy, there is increasing demand to connect and enable frontline workers with new technologies,” said Juan Muldoon, partner at Energize Ventures. “We believe Beekeeper has set the benchmark for frontline success in industries that are instrumental to the buildout of a sustainable economy – from manufacturing and construction to transportation and logistics. We are excited to continue partnering with Beekeeper as they unlock greater efficiency and connectivity among frontline businesses.”
Since 2020, Beekeeper has seen exceptional growth with thousands of frontline business locations now using the Beekeeper platform in more than 150 countries, which continues to drive investor excitement. From hospitality and retail to manufacturing and construction, Beekeeper is helping customers in key frontline industries thrive during the pre and post-pandemic eras.
“When we opened in the middle of the pandemic, we needed a modern, innovative way for team members to collaborate and work together to provide our guests a world-class experience. And we wanted to weave it into our resort’s operations from their first day on the job. Working with Beekeeper helped us scale quickly and offered a level of security that we needed with so many workers sharing information on their personal devices. When the resort opened its doors, more than 5,000 team members were already up and running on the app and ready to welcome guests. In a fast-paced industry where every second counts, giving staff an easy to use, mobile-first solution that facilitates real-time, enterprise-wide collaboration is a game changer,” said Bob Napierala, VP of Human Resources, Resort World Las Vegas.
Beekeeper’s $50 million Series C round brings the company’s total funding to date to more than $100 million, further demonstrating the industry need for comprehensive frontline success technology. In turn, Beekeeper’s staff has grown to more than 200 team members across the United States and Europe and the company is continuing to hire.