Filo.co, a virtual collaboration platform, closed a $3 million seed round led by Flyover Capital and High Alpha Capital.
“Remote and hybrid work is here to stay. As a virtual collaboration platform that facilitates training, workshops, kickoffs and internal events, we’re filling a gap that’s never been more important, more prominent or in higher demand for companies,” said Matt Compton, CEO of Filo.co. “With this funding, we’re excited to continue building features that empower people from all over the world to work together seamlessly within their own intuitive virtual campuses.”
As remote and hybrid workforces become more prevalent, executives are investing in technology to support the new environment. According to PwC’s US Remote Work Survey, 72 percent of surveyed U.S. executives with plans to increase investment in hybrid working are prioritizing virtual collaboration tools and solutions.
“Working and collaborating across teams, departments and even companies is a problem that’s existed forever, and the emergence of remote and hybrid work has only made that pain more acute,” said Flyover Capital Partner Thad Langford. “There’s never been a stronger need in the market for a collaboration platform that’s built with these distributed teams in mind, or a more efficient, elegant solution than Filo.”
Filo.co offers teams a fast, flexible and frictionless solution to power internal collaborative events. The platform facilitates planning, engagement and collaboration for teams through features like livestreaming, breakout spaces, chat functionality and simple access to shared documents, information and meetings all in one intuitive virtual campus. Clipping into existing workflows, Filo.co integrates directly with Zoom and serves as a reseller partner, providing best-in-class video to all users regardless of a person’s existing technology stack.
Filo.co plans to use the recent funding to accelerate product development, deepen its Zoom integration, and expand awareness and go-to-market.
For more information, visit filo.co.