Prague-based FaceUp raises €2.7 million to foster speak-up culture and scale HR platform globally

FaceUp, an all-in-one confidential coverage system promoting a speak-up society within specialist and scholastic settings, has actually shut a EUR2.7 million late seed round. The round was led by Reflex Funding, with involvement from Tilia Effect Ventures, sustained by the European Mutual Fund, and Lighthouse Ventures.

The funds increased will certainly sustain FaceUp’s recurring worldwide development and the growth of brand-new functions such as an AI aide, a study option expansion, a confidential Q&An attribute developed for conferences, and a group temperature level check function. FaceUp currently has greater than 1,500 business and 2,000 education and learning field customers throughout 60-plus nations, with workplaces in Charleston, Dubai, Prague, Brno, Cheb, and Kampala.

A prevalent society of silence develops and intensifies significant issues in offices such as harassment, values offenses, security worries, corruption, and burglary. The only means to neutralize this dynamic is by producing a speak-up society where whistleblowing is secured and concerns can be recognized and dealt with. This has long-lasting impacts on the wellness and performance of a firm. As an example, a research by the Society for Human Resource Management discovered that a favorable firm society makes workers 78% much less most likely to look for brand-new work.

FaceUp’s encrypted system gives workers with the capacity to quickly, anonymously, and securely report these kinds of concerns with somebody in their organisation able to aid them. Developed as a not-for-profit anti-bullying procedure for institutions, FaceUp has actually become a social impact-driven start-up that promotes institutional society adjustment. With the system, firms have the ability to cultivate a speak-up society that raises worker security and health and wellbeing, making them more secure and extra efficient in the brief and long-term.

Jan Sláma, Founder and Chief Executive Officer of FaceUp, stated: ” FaceUp was substantiated of a drive to produce social effect and social adjustment. We have actually maintained this as a core worth also as we rotated to a SaaS offering that’s currently utilized by hundreds of firms throughout markets worldwide. Increasingly more, firms comprehend that worker health and wellbeing and performance work together. Since we have actually shown the possibility for scalability throughout markets and locations, we will certainly utilize the financing round to widen and boost our devices and increase our initiatives in the united state particularly, in addition to Latin America, and the Center East.”

David Špunar, Founder and COO of FaceUp, included: ” Law and conformity are the bare minimum in resolving modern-day office difficulties, yet that’s where numerous firms quit when it pertains to confidential coverage and transgression monitoring. We have actually come close to whistleblowing not as a conformity difficulty yet as a very efficient device for worker health and wellbeing and credibility insurance policy. That has actually converted right into genuine success on the back of lucrative scaling. Our capitalists see this prospective similarly we do, and we’re so delighted to have their assistance.”

The FaceUp system incorporates confidential coverage, instance monitoring, an online hotline, and thousands of feasible usage situations to transform whistleblowing right into something proactively useful for firms, federal government organisations, and their workers. Coverage is feasible via conversation, voice messages, application, and phone lines. FaceUp is additionally creating extra components to make celebration responses in various scenarios also easier. Nearly 20,000 records have actually been submitted on the system because the firm’s starting in 2017.

The firm is currently creating an AI aide, boosting its whistleblower-facing user interface, and releasing a study option. With functions that permit human resources to act on confidential insurance claims without exposing the whistleblower’s identification in the document, FaceUp works out past basic yearly confidential studies. Existing customers have actually reported renovations in suppressing harassment, scams, and extra while boosting firm society.

Ondřej Fryc, Creator of Reflex Funding, stated: ” The FaceUp group found out just how to change a charitable campaign for institutions right into a successful company without giving up that starting goal of social effect. Our company believe this is not a nice-to-have item yet a vital device of significant value for business and federal government entities, so the possibility for development throughout markets is substantial. This is a group that can do it. We’re pleased to sustain it.”

Petr Vítek, Companion at Tilia Effect Ventures, commented: ” Expert settings are locations that need to be essentially efficient and secure, yet they transform poisonous as a result of intimidation, politicking, corruption, and scams. FaceUp is resolving this trouble head-on by not simply securing whistleblowers yet by producing devices that cultivate speak-up society extra generally. The technology they have actually currently done on the system is very encouraging for additional development.”

This financing round will certainly start extra item advancements to boost the system’s wider human resources applications and increase business initiatives throughout the globe, with a focus on the united state market.

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