Filo.co, a software startup based in Indianapolis, has raised $3 million in seed funding to expand its hybrid and remote work collaboration platform.
The funding round was led by Flyover Capital and High Alpha Capital. Filo.co will use the funding to boost its product development and deepen its integration with Zoom, all while investing heavily in brand awareness and go-to-market efforts. Thad Langford, Partner at Flyover Capital, referred to the firm’s decision to participate in the round by stating:
“Working and collaborating across teams, departments and even companies is a problem that’s existed forever, and the emergence of remote and hybrid work has only made that pain more acute. There’s never been a stronger need in the market for a collaboration platform that’s built with these distributed teams in mind, or a more efficient, elegant solution than Filo.”
Founded in 2020, Filo.co is developing a platform that allows hybrid and remote workers teams to collaborate in an engaging manner. The platform achieves this by offering features that improve the planning of internal collaborative events, including live streaming, breakout spaces, chat, document sharing, and more. Matt Compton, CEO at Filo.co, said about this objective:
“Remote and hybrid work is here to stay. As a virtual collaboration platform that facilitates training, workshops, kickoffs and internal events, we’re filling a gap that’s never been more important, more prominent or in higher demand for companies. With this funding, we’re excited to continue building features that empower people from all over the world to work together seamlessly within their own intuitive virtual campuses.”
Companies around the world continue to transition toward hybrid or remote working after having seen themselves forced to try it during the hardest part of the COVID19 pandemic. While most employees working under a hybrid or remote work model consider the change positive, collaboration and engagement have remained as one of the biggest challenges for teams to overcome., demand for solutions like the one provided by Filo.co has never been higher.