FaceUp, an all-in-one nameless reporting platform fostering a speak-up tradition inside skilled and educational environments, has closed a €2.7 million late seed spherical. The spherical was led by Reflex Capital, with participation from Tilia Impression Ventures, supported by the European Funding Fund, and Lighthouse Ventures.
The funds raised will help FaceUp’s ongoing worldwide enlargement and the event of recent options resembling an AI assistant, a survey answer extension, an nameless Q&A characteristic designed for conferences, and a staff temperature verify characteristic. FaceUp already has greater than 1,500 company and a couple of,000 schooling sector purchasers throughout 60-plus international locations, with workplaces in Charleston, Dubai, Prague, Brno, Cheb, and Kampala.
A pervasive tradition of silence creates and exacerbates critical issues in workplaces resembling harassment, ethics violations, security issues, corruption, and theft. The one method to counteract this dynamic is by making a speak-up tradition the place whistleblowing is protected and points might be acknowledged and addressed. This has long-term results on the well being and productiveness of an organization. As an example, a research by the Society for Human Useful resource Administration discovered {that a} constructive firm tradition makes workers 78% much less more likely to search new employment.
FaceUp’s encrypted platform gives workers with the power to simply, anonymously, and safely report a lot of these points with somebody of their organisation in a position to assist them. Conceived as a not-for-profit anti-bullying measure for faculties, FaceUp has grown right into a social impact-driven startup that facilitates institutional tradition change. By way of the platform, corporations are in a position to foster a speak-up tradition that elevates worker security and wellbeing, making them safer and extra productive within the quick and long run.
Jan Sláma, Co-Founder and CEO of FaceUp, stated: “FaceUp was born out of a drive to create social impression and cultural change. We’ve stored this as a core worth at the same time as we pivoted to a SaaS providing that’s now utilized by 1000’s of corporations throughout industries worldwide. Increasingly more, corporations perceive that worker wellbeing and productiveness go hand in hand. Now that we now have demonstrated the potential for scalability throughout industries and geographies, we are going to use the funding spherical to broaden and enhance our instruments and speed up our efforts within the U.S. specifically, in addition to Latin America, and the Center East.”
David Špunar, Co-Founder and COO of FaceUp, added: “Regulation and compliance are the naked minimal in addressing trendy office challenges, however that’s the place many corporations cease with regards to nameless reporting and misconduct monitoring. We’ve approached whistleblowing not as a compliance hurdle however as a extremely efficient device for worker wellbeing and fame insurance coverage. That has translated into actual success on the again of worthwhile scaling. Our buyers see this potential the identical method we do, and we’re so glad to have their help.”
The FaceUp platform combines nameless reporting, case administration, a reside hotline, and lots of of potential use instances to show whistleblowing into one thing actively useful for corporations, authorities organisations, and their workers. Reporting is feasible by way of chat, voice messages, app, and telephone strains. FaceUp can also be growing extra modules to make gathering suggestions in several conditions even simpler. Nearly 20,000 reviews have been filed on the platform for the reason that firm’s founding in 2017.
The corporate is now growing an AI assistant, enhancing its whistleblower-facing interface, and launching a survey answer. With options that permit HR to observe up on nameless claims with out revealing the whistleblower’s id within the correspondence, FaceUp goes effectively past commonplace annual nameless surveys. Present purchasers have reported enhancements in curbing harassment, fraud, and extra whereas enhancing firm tradition.
Ondřej Fryc, Founding father of Reflex Capital, stated: “The FaceUp staff found out how you can remodel a non-profit initiative for faculties right into a worthwhile enterprise with out sacrificing that founding mission of social impression. We consider this isn’t a nice-to-have product however a necessary device of main significance for company and authorities entities, so the potential for development throughout markets is big. This can be a staff that may do it. We’re proud to help it.”
Petr Vítek, Associate at Tilia Impression Ventures, commented: “Skilled environments are locations that needs to be essentially productive and protected, however they flip poisonous on account of bullying, politicking, corruption, and fraud. FaceUp is addressing this downside head-on by not simply defending whistleblowers however by creating instruments that foster speak-up tradition extra broadly. The innovation they’ve already finished on the platform is extraordinarily promising for additional development.”
This funding spherical will kickstart extra product developments to bolster the platform’s broader HR functions and speed up industrial efforts internationally, with an emphasis on the U.S. market.
