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 Affect 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 akin to an AI assistant, a survey answer extension, an nameless Q&A characteristic designed for conferences, and a group temperature examine characteristic. FaceUp already has greater than 1,500 company and a couple of,000 training sector shoppers throughout 60-plus nations, with places of work in Charleston, Dubai, Prague, Brno, Cheb, and Kampala.
A pervasive tradition of silence creates and exacerbates severe issues in workplaces akin to 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 may be acknowledged and addressed. This has long-term results on the well being and productiveness of an organization. As an illustration, a research by the Society for Human Useful resource Administration discovered {that a} optimistic firm tradition makes staff 78% much less more likely to search new employment.
FaceUp’s encrypted platform gives staff with the power to simply, anonymously, and safely report some of these points with somebody of their organisation in a position to assist them. Conceived as a not-for-profit anti-bullying measure for colleges, 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 affect and cultural change. We have now stored this as a core worth whilst we pivoted to a SaaS providing that’s now utilized by hundreds of corporations throughout industries worldwide. Increasingly more, corporations perceive that worker wellbeing and productiveness go hand in hand. Now that now we 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. particularly, 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 relating to nameless reporting and misconduct monitoring. We’ve approached whistleblowing not as a compliance hurdle however as a extremely efficient instrument for worker wellbeing and status insurance coverage. That has translated into actual success on the again of worthwhile scaling. Our traders see this potential the identical manner we do, and we’re so blissful to have their help.”
The FaceUp platform combines nameless reporting, case administration, a stay hotline, and lots of of attainable use circumstances to show whistleblowing into one thing actively useful for corporations, authorities organisations, and their staff. Reporting is feasible by means of chat, voice messages, app, and telephone strains. FaceUp can be creating further modules to make gathering suggestions in several conditions even simpler. Virtually 20,000 stories have been filed on the platform because the firm’s founding in 2017.
The corporate is now creating an AI assistant, bettering its whistleblower-facing interface, and launching a survey answer. With options that permit HR to comply with up on nameless claims with out revealing the whistleblower’s id within the correspondence, FaceUp goes nicely past customary annual nameless surveys. Present shoppers have reported enhancements in curbing harassment, fraud, and extra whereas bettering firm tradition.
Ondřej Fryc, Founding father of Reflex Capital, stated: “The FaceUp group discovered how one can rework a non-profit initiative for colleges right into a worthwhile enterprise with out sacrificing that founding mission of social affect. We imagine this isn’t a nice-to-have product however an important instrument of main significance for company and authorities entities, so the potential for development throughout markets is big. It is a group that may do it. We’re proud to help it.”
Petr Vítek, Accomplice at Tilia Affect Ventures, commented: “Skilled environments are locations that must be basically productive and protected, however they flip poisonous attributable to bullying, politicking, corruption, and fraud. FaceUp is addressing this drawback head-on by not simply defending whistleblowers however by creating instruments that foster speak-up tradition extra broadly. The innovation they’ve already accomplished on the platform is extraordinarily promising for additional development.”
This funding spherical will kickstart further product developments to bolster the platform’s broader HR purposes and speed up industrial efforts internationally, with an emphasis on the U.S. market.
