SAN BRUNO, Calif.--(BUSINESS WIRE)--Dynamic Signal, the leading company communications platform, today announced it has raised $25 million in growth financing. Participants in this round included new investors, Akkadian Ventures, Microsoft Ventures and Focus Opportunity Fund in addition to participation by existing investors, Trinity Ventures, Venrock, Rembrandt, and Time Warner. This round of financing brings Dynamic Signal’s total funding to $68.3 million.
Dynamic Signal will use the newly acquired funds to expand its international operations and further strengthen its investments in engineering, sales, marketing, and customer success to serve its expanding roster of world class enterprise customers.
“Organizations are recognizing the need to communicate with employees in a way that mirrors how we communicate in our everyday lives,” said Dynamic Signal CEO and co-founder, Russ Fradin. “Informed employees are more productive, engaged, and more likely to become advocates; profoundly impacting a company’s top and bottom line. We look forward to collaborating with our new and existing investors as we continue to scale to meet growing market demand all over the world.”
According to McKinsey, productivity improves by 20-25% in organizations with connected employees. Additionally, Salesforce reports that 86% of corporate executives cite ineffective communications as a leading cause of workplace failures.
Hundreds of the world’s largest global enterprises, including 85 of the Fortune 500, trust Dynamic Signal to help launch, scale, and measure their company communications in 21 countries and 19 languages across the globe.
“Dynamic Signal is changing the way that companies communicate with their employees with enterprise-grade technology that seamlessly integrates with existing global business processes,” said Nagraj Kashyap, Corporate Vice President, Microsoft Ventures. “Our investment represents our confidence in this rapidly growing category and Dynamic Signal’s approach.”
“Dynamic Signal is the leader in enabling corporations to engage, inform and motivate the significant portion of the working population that does not have corporate email,” said Ajay Chopra, General Partner at Trinity Ventures. “They are serving the ‘forgotten masses’ who don’t hear enough from their corporations despite being loyal employees. Trinity was the first investor in Dynamic Signal and we’re delighted to see that they’re continuing to change the way the world communicates at work.”
This news comes on the heels of Dynamic Signal’s integrations with Facebook Messenger, Slack and Yammer, further extending the platform’s flexibility with the other business tools employees are already using in their day-to-day workplace activities. Innovative organizations like GE and Procter & Gamble use Dynamic Signal to communicate with employees, creating a more connected workforce and driving powerful results for their global companies.