Despite the pandemic, companies across the world didn’t pause hiring and, as a result, new employees still needed to be on-boarded.
With these operations shifting remote, Denver-based Spekit saw an increased interest for its digital adoption and enablement platform.
The company, founded in 2018 by CEO Melanie Fellay and Zari Zahra, offers a platform that gives employees answers to their most common questions. Spekit’s platform offers contextual training, processes and guidance within the applications that employees use every day.
In 2020, the company saw 400% growth in year-over-year revenue as companies like Uber Freight, Southwest Airlines and Databricks joined the platform.
After building the company with a product focus and bare-bones marketing and sales teams, Spekit has brought on a new funding round to fuel growth.
Spekit announced the close of a $12.2 million Series A investment round this week, led by Foundry Group and Renegade Partners, with participation from Operator Collective, Matchstick Ventures and Bonfire Ventures. The round brings the company’s total fundraising to $15.7 million.
“The demand that we’re getting from the market indicates that there is a much better need for us to scale our sales team,” Fellay told Colorado Inno.
After leading much of the sales operations in Spekit’s early days and being frugal with spending, Fellay said the new round will go primarily toward growing the company’s team, on both the sales and product development side.
After doubling its headcount to 50 employees over the past year, Spekit aims to do the same this year, with Fellay expecting the company to be near 100 employees by the end of 2021.
With the success Spekit experienced during the pandemic, the company has found its fit in the market and has begun attracting the attention of bigger players. At its start, Spekit was created to serve mid-market companies with between 250 and 2,500 employees and increase productivity.
Now, the company has garnered interest from larger enterprise companies and is working to tailor its offerings to meet the needs of all employees.
“We’re really focused on making sure wherever the employee is, they’re a click away from the answer they need,” Fellay said.
Even with companies returning to the office, Fellay said Covid-19 has shown that Spekit fills a crucial need regardless of work setting.
“The need to make your employees as self-sufficient as possible has never been higher than in a work from home environment,” she said. “For me, that’s the biggest shift that is happening and accelerates the need for this product.”
