Spike, the conversational work ecosystem that brings your entire workspace into your inbox: email, chat, calendar, calls, team collaboration, and tasks in one place, announced that it has raised $8 million Series A funding led by Insight Partners, a leading global venture capital.
Existing investors that participated in the funding round include Wix, NFX and Koa Labs. Till now, the company raised a total of nearly $16 million. Insight Partners Vice President Daniel Aronovitz will join Spike’s Board of Directors as part of the investment deal.
The company will utilise the current funding to add more collaborative tools and services to its platform and double the size of its team within the next year.
“Now, more than ever, teams and individuals need to be connected and aligned as we continue working from home in the largest numbers ever seen. Spike is positioned to lead the entire modern workspace and reinvent how we work by combining email with essential services to get the job done without spending time switching between platforms,” said Dvir Ben-Aroya, Spike co-founder and CEO. “Up until now, Spike has primarily been rethinking how email should work by turning legacy email into chat-like conversations. Today, in our latest update, Spike adds tasks, notes and real-time collaboration into the world’s most powerful email inbox to set the stage for how we will get work done in the future – together, in one feed, in real-time.”
“Many companies are trying to define the future of workspace technology, but unlike many other work management products, Spike understands that email will always be at the center of how we work. By combining a smart inbox with other essential collaboration capabilities, the team has developed an incredible and intuitive solution to help people work smarter,” said Daniel Aronovitz, VP, Insight Partners.
“We’re excited to partner with Spike as they reach this next milestone in making the way businesses work more conversational and streamlined,” added Jeff Horing, Co-Founder and Managing Director, Insight Partners. “Companies from small businesses to large corporations have different scales for managing workflows, but by centralizing the inbox around groups and conversations, Spike has found a solution that will fit any business. Especially now, time and money saved collaborating makes an incredible difference in a company’s bottom line.”
