A Bangkok-based tech start-up has announced the establishment of its first European headquarters in London after securing a $20 million series B round. The investment aims to support the start-up’s ambitious plans for rapid expansion across Europe, enhancing its visibility and market reach.
Eko, a workplace collaboration platform, managed to secure $20 million in funding to fuel its European expansion. The investment comes from multiple investors, including SMDV, AirAsia’s digital arm, and Gobi Partners. This move marks a significant milestone for Eko, enhancing its ability to develop new features and reach broader markets.
The series B funding round highlights the confidence investors have in Eko’s ability to revolutionise workplace communication. With increasing demand for effective communication tools, the company is well-positioned to lead the market and drive innovation.
In the past year, Eko has seen its user base increase significantly, with over 500,000 recurring paid users across various sectors.
The company’s strategic focus on non-desk based industries like retail, hospitality, and banking has paid off. Global sales pipelines have expanded over tenfold, with Europe and North America representing major growth areas.
The opening of new offices in London, Amsterdam, and Berlin signals Eko’s clear commitment to strengthening its European presence. As they continue to scale operations, the team remains focused on penetrating new markets, including Scandinavia and Latin America.
One testament to Eko’s success comes from Leman Locke, a prominent UK aparthotel brand. The company praises Eko for transforming internal communication, citing its comprehensive functionality as a critical asset to operations.
Ashley Ely, General Manager of Leman Locke, states that Eko has been integral to enhancing collaboration across departments. Such endorsements underscore Eko’s impact on improving operational efficiency and workplace satisfaction.
The fresh capital injection will expedite Eko’s plans to explore new territories and grow its customer base. The focus remains on Europe and the US, where demand for robust digital communication tools continues to rise.
Chearavanont views this expansion as a chance to introduce more businesses to Eko’s innovative technology. The move to establish a London HQ serves as a launchpad for increasing Eko’s influence and scaling its solutions globally.
Eko is renowned for its user-friendly interface, supporting languages including English, Thai, German, Dutch, and French. Plans are in place to further localise by adding more language options as they expand into new regions.
The platform’s robust architecture enables easy integration with existing systems, paving the way for seamless digital transformation. Users benefit from enhanced productivity and streamlined processes, making Eko a leader in workplace innovation.
The company’s proactive approach to technology adoption ensures they remain at the forefront of industry trends, offering customers cutting-edge solutions.
Eko’s successful fundraising and strategic expansion underscore its potential to redefine workplace communication across Europe and beyond. With a solid foundation in place, the company is well-positioned to continue its growth trajectory, leveraging new opportunities to enhance its global footprint.