French visual management startup iObeya lands €15.1 million to open new Seattle office

Today Massy-based iObeya, a provider of an Enterprise Visual Management software, has announced raising approximately €15.1 million in a second round of funding from Red River West with participation from Atlantic Bridge Capital and Fortino Capital Partners, bringing the total raised to date to around €17.2 million. The funds will be used to develop its platform, and continue expansion into the United States, including the opening of a Seattle headquarters.

Founded in 2011, iObeya enables distributed teams to perform their rituals and ceremonies as if they were face-to-face and in a secure virtual environment, while upholding the principles of ‘Lean and Agile’ methodologies. More than 350,000 workers around the world use iObeya daily to improve their company’s performance, and whatsmore, the rapid and unprecedented shift to remote work has fueled skyrocketing demand for iObeya’s platform, which is up by more than 400% since January. 

A growing number of multinational companies depend on iObeya for Visual Management and visual collaboration including: Airbus, Thales, Volvo, Philips, Cartier, Axa, Eli Lilly and Company, Western Digital, Kimberly-Clark, Danaher, Sanofi, and many more.

Cyril Daloz, co-founder and CEO of iObeya, explained more: “Today’s workers know that advancing a unified vision and achieving common goals through teamwork — especially when working remotely — is essential. That’s why companies are striving to provide their employees with a human-centric, virtual environment in which they can innovate, grow, and contribute to the success of the business. iObeya is an enterprise platform that empowers teams to create secure, configurable virtual rooms to support all their Visual Management practices. Users can share information and ideas, collaborate with colleagues in real time, and track the progress of projects according to Lean and Agile principles. Our solution is particularly well-positioned to lead in these unprecedented times. We look forward to using this new investment to deliver a more visual and collaborative management approach, centered on human values, to large organizations as we expand our business in the US and around the world.”

Luc-Emmanuel Barreau, Partner at Red River West, commented on the investment: “A decade or more ago, digital whiteboarding tools ushered in an era of visual collaboration. Today, iObeya represents a new vanguard that is poised to define the era of ‘Visual Management. iObeya’s momentum and ‘stickiness’ among leading global brands proves that there is significant — and growing — demand for enterprise-grade visual collaboration solutions that are designed on Lean and Agile principles, that fuel innovation and drive business performance. iObeya’s team has a proven track record and we’re excited to lead this investment as the company expands its global footprint, notably in the US.”