Flip receives $30 million

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

In its Series A financing round, app provider Flip has raised $30 million. The Berlin-based venture capitalist HV Capital and Notion Capital from London are new investors. Existing investors Cavalry Ventures and LEA Partners also participated again. Further financial support comes from business angels such as former VW CEO Matthias Müller, business and political consultant Roland Berger, Kurt Lauk, Jürgen Hambrecht, former Celesio CEO Fritz Österle and 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 startup offers an employee app. Employees are connected 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 thus become an essential part of their daily work routine," says founder Benedikt Ilg. Flip also plans to expand. On the one hand, it wants to expand its customer base in Germany, Austria and Switzerland, and on the other, it wants to tap into other European markets.