Flip receives 30 million US dollars

Companies such as McDonalds, Porsche, Rossmann and Edeka are already using the start-up's employee app. Now it wants to expand further.

The app provider Flip has raised 30 million US dollars in its Series A financing round. Berlin-based venture capitalist HV Capital and Notion Capital from London have joined the company. The existing investors Cavalry Ventures and LEA Partners have also invested again. Further financial support comes from business angels such as the former VW CEO Matthias Müller, the management and political consultant Roland Berger, Kurt Lauk, Jürgen Hambrecht, the former CEO of Celesio Fritz Österle and the Flixbus founders Daniel Krauss and Jochen Engert.

Flip says it intends to use the money it has received to accelerate its growth. Founded in 2016 by Benedikt Ilg and Giacomo Kenner, the start-up offers an employee app. Employees are connected with each other in individual and group chats and receive important information via a personalized newsfeed. Vacation planning and task management are also possible via the app. So far, customers include companies such as Porsche, Rossmann, Edeka and McDonalds.

"Our app is one thing above all: simple. For many employees, it has become an essential part of their everyday working life," says founder Benedikt Ilg. Flip is also planning to expand. On the one hand, the customer base in Germany, Austria and Switzerland is to be expanded and, on the other, the company wants to tap into other European markets.