Blink, A Productivity App Aimed At Frontline Workers, Raises $20M At A $100M Valuation

Nov 10, 2021•over 3 years ago

Amount Raised

$20 Million

London

Description

Apps catering to frontline workers are seeing a surge of interest in the market these days, as businesses finally start to wake up to using tech to better connect with these employees, and investors eye up an interesting and new growth opportunity in enterprise IT. In one of the latest developments, Blink — a startup and app of the same name that provides a platform for frontline workers to use and engage with the various IT services used by their organizations, as well as with each other — has picked up $20 million, a Series A that is being led by Next47, with participation from early investors Partech and TechStars. Blink has confirmed that the funding values it at $100 million.

Company Information

Company

Blink

Location

London, Ontario, Canada

About

The startup will be using the capital to double down on growth. The company has built some functionality, such as its chat feature, in-house, but otherwise its strategy is to integrate, integrate, integrate. The company is planning to hire some 40 more people in New York as it looks to double its base of 60 employees to 120.“Today’s top enterprise software companies are reexamining the way we work; Blink is uniquely positioned to lead in this category for frontline workers”, said Daniel Kirchleitner, Partner at Next47, in a statement. Blink was founded in London — where it has found strong traction with metropolitan bus networks (where some 5,000 bus drivers are using the Blink app) and the NHS (where thousands of front-line workers in clinical and non-clinical roles are also on Blink). Blink currently has some 93,000 users, so there is a lot of growing to do.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech