Member Article

London cloud startup 4th Office sees £2.3 million injection from investors

London and Slovenia-based startup, 4th Office has successfully raised a second round of funding worth £2.3 million.

The firm develops cloud workspaces combining communication, task and document management tools.

£750k of first round funding round has now been followed up by this round of £2.3 million led by new investors RSG Capital and Ben White with participation from existing investor Notion Capital.

Since the first round of funding, thousands of new businesses have been added, monthly active users and retention rates have doubled. More than 15,000 people now start their day on the company’s platforms.

The second round of funding will build traction through engaging with communities in social media and digital word-of-mouth.

The company plans to build on its product development team who continue to evolve the product capabilities to incorporate customer and partner feedback. The company rebranded and relaunched its platform interface earlier this month to great customer approval.

Bostjan Bregar CEO and co-founder of 4th Office said: “Our vision is for every business to start their day in the 4th Office, rather than waking up to a wall of emails. We are passionate about creating a more productive, happy and creative economy for workers worldwide.”

Entrepreneur-turned investor Ben White, said: “The 4th Office is everything a great entrepreneurial tech idea should be - it solves a major, burning need in a unique way. It’s a win-win for businesses: lower costs yet more productivity - with less stress.”

“Even though we have exchanged physical and electronic mail for tools allowing quicker and more efficient communications in our private lives, our business lives are still dominated by outdated technology.

RSG Capital’s Jure Mikuz said: “Modern companies operate across locations, and their need for effective communications is even greater. 4th Office solves these challenges.”

This was posted in Bdaily's Members' News section by Clare Burnett .