Beekeeper Acquisition, Valuation, Funding & Investors
Beekeeper was acquired by LumApps for $1B in July 2025, a 6.7x multiple on $150M of revenue.
Beekeeper revenue at acquisition
$150M
Last twelve months · Jul 2025
Beekeeper revenue multiple at acquisition
6.7x
EV/Revenue · Jul 2025
Cumulative funding Beekeeper raised
$182M
across 10 funding rounds
About Beekeeper
Beekeeper is a Zurich-based mobile communication platform designed for frontline and deskless workers, enabling real-time messaging, task management, and broadcasts across multiple languages and locations. The platform integrates with over 100 third-party tools such as HR systems, time clocks, and safety apps to streamline operations in industries like manufacturing, hospitality, and retail. Beekeeper supports organizations in 18 languages, fostering employee engagement through features like newsfeeds, surveys, and compliance training. Founded in 2011, it serves global enterprises including Coca-Cola and TUI Group from its headquarters in Switzerland.
Founded
2012
HQ
ZurichWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$150M (Jul 2025)
Valuation
$1B (acquired Jul 2025)
Beekeeper Acquisition
Beekeeper was acquired by LumApps for $1B on 2 July 2025.
The acquisition price implies a 6.7x revenue multiple on $150M of revenue.
Before the acquisition Beekeeper had raised $182M across 10 funding rounds.
Zurich-based Beekeeper, the leading mobile-first frontline operating system, empowers global enterprises in hospitality, manufacturing, retail, and logistics to connect deskless employees, streamline workflows, and boost productivity and engagement. LumApps, a Lyon-headquartered AI-driven employee experience platform founded in 2012, unifies digital workplaces with personalized communications for desk-based workers and serves major global companies as a Bridgepoint portfolio company since its 2024 USD 650 million majority stake acquisition. On July 1, 2025, LumApps announced a definitive agreement to acquire Beekeeper, valuing the combined LumApps Group at over USD 1 billion and creating the first AI-powered Employee Hub for frontline and desk-based workers, with both brands retained short-term under unified leadership. The merger integrates Beekeeper's mobile-first solutions for frontline teams with LumApps' intranet expertise, enabling comprehensive workforce coverage, cross-selling, scaled distribution, and accelerated AI innovation across North America, Europe, Asia, and a growing Japan presence. The combined entity serves over 7 million users across 2,000+ clients in all major industries, generates approximately USD 150 million in recurring revenue, and employs over 600 staff, targeting leadership in the USD 10 billion Intranet Packaged Solutions market growing at 15% annually and 100 million users by 2030. LumApps' M&A strategy, including four prior acquisitions since 2021 like Novastream and Teach On Mars, drives market consolidation amid AI adoption, hybrid work, and digital communication trends; the cash deal, subject to customary conditions, closed in July 2025, with William Blair advising Beekeeper and multiple firms supporting LumApps.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 2 Jul 2025 | Strategic M&A | $1B | 6.7x |
Beekeeper Funding History
Beekeeper has raised a total of $182M across 10 funding rounds.
Beekeeper's first fundraising round was a $5M seed round in April 2016. The most recent completed round was a $35M undisclosed-stage round in March 2025.
Beekeeper funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2025 | Undisclosed stage | HSBC Innovation Banking (lead) | $35M | Beekeeper is a Switzerland-based Frontline Success Platform founded in 2012 and headquartered in Zurich that empowers frontline and deskless workers with communication and operational tools across various industries. The company provides an all-in-one application adopted by leading companies worldwide for frontline workforce management. In February 2025, Beekeeper secured $35 million in debt funding from HSBC Innovation Banking to accelerate growth, expand market reach, launch new products, and penetrate additional markets. The company had raised a total of $171.01 million across 11 funding rounds by that time, with investors including Alpana Ventures, EGSB, Edenred Capital Partners, Energize Capital, Keen Venture Partners, Kreos Capital, Swisscanto, Thayer Ventures, Verve Ventures, and others. In July 2025, LumApps SAS, a portfolio company of Bridgepoint, agreed to acquire Beekeeper from its existing shareholders, marking a significant exit for the company after building a substantial presence in the frontline workforce management space. |
| Jul 2024 | Undisclosed stage | Swiss Entrepreneurs Foundation (lead) | - | The Swiss Entrepreneurs Fund made a direct investment in Beekeeper, the Zurich workforce communication platform used by frontline staff in retail, hospitality, manufacturing and logistics. The fund, a FINMA-regulated CHF 250 million vehicle backing Swiss companies in their growth phase, invests tickets of CHF 5 million to CHF 20 million and runs its direct investments alongside its partner Helvetica Capital. Beekeeper had by then reached more than 1,000 customers in over 150 countries. Neither the round nor the amount was disclosed. |
| Nov 2022 | Series C | Alpana Ventures; Thayer Ventures; Kreos Capital; Edenred Capital Partners; Ernst Gohner Stiftung; Keen Venture Partners; Verve Ventures; Energize Capital; Stableton Financial; Swisscanto Private Equity | $50M | - |
| Nov 2021 | Series A | Alpana Ventures; Thayer Ventures; b2venture; Edenred Capital Partners; Keen Venture Partners; Verve Ventures; Energize Capital; Swisscanto Private Equity | $11M | Beekeeper raised a $10.5 million convertible note on November 1, 2021. The investors in the queried round match those listed, including Alpana Ventures, b2venture, Edenred Capital Partners, Energize Capital, Keen Venture Partners, Swisscanto Private Equity, Thayer Ventures, and Verve Ventures, though specific investor details for this exact round are not detailed beyond the amount and type. Beekeeper provides a mobile-first platform for frontline workers in industries like manufacturing, hospitality, and construction. |
| Jul 2020 | Series B | Energize Capital (lead); Alpana Ventures; Thayer Ventures; Swisscom; HighSage Ventures; Swiss Post Ventures; Verve Ventures; Swisscanto Private Equity | $10M | Beekeeper develops a mobile-first communication and operations platform for frontline and deskless workers, enabling coordination, knowledge sharing, onboarding, scheduling, and integration with operational systems. The platform targets industries including hospitality, retail, manufacturing, energy, construction, and utilities, with clients such as Hilton, Marriott International, and InterContinental Hotels Group. It achieves high adoption rates exceeding 90 percent by bridging field and central operations. On July 10, 2020, Beekeeper raised $10 million in a Series B-III extension led by Energize Capital, with participation from Alpana Ventures, HighSage Ventures, Swiss Post Ventures, Swisscanto Private Equity, Swisscom, Thayer Ventures, and Verve Ventures. This extension followed prior Series B investments, including a February 2020 tranche from Energize Capital and a September 2019 round led by Thayer Ventures and SwissCanto. The funding supported expansion into energy and industrial markets, development of Beekeeper 2.0, and growth of its cloud marketplace for apps and integrations. Beekeeper demonstrated strong market fit in retail and hospitality with blue-chip relationships and accelerated growth amid digitization trends for deskless workers, who comprise over 80 percent of the global workforce. The company operated in over 150 countries across thousands of frontline locations by late 2022. |
| Feb 2020 | Series B | Energize Capital (lead) | $5M | Beekeeper raised a Series B extension (Series B-II) in February 2020 led by Energize Capital, marking the venture firm's initial investment in the frontline workforce collaboration platform. The company, which provides a mobile-first digital workplace for deskless workers across retail, hospitality, manufacturing, and construction, had already demonstrated strong market fit with adoption rates exceeding 90 percent and blue-chip client relationships. Energize joined existing investors including SwissCanto, Thayer Ventures, and others in backing the company's expansion across industrial and energy sectors. Following this round, Beekeeper continued its growth trajectory, eventually announcing a $50 million Series C in November 2022 and later merging with LumApps in a $1.1 billion transaction in July 2025. |
| Sep 2019 | Series B | Swisscanto Private Equity (lead); Thayer Ventures (lead) | $45M | Beekeeper is a Zurich-based SaaS company founded in 2012 that provides an operational communications platform designed specifically for non-desk workers, such as frontline employees in industries like hospitality, manufacturing, retail, and services. The platform integrates multiple channels into a secure hub accessible via desktop and mobile, enabling streamlined business processes, collaboration across shifts, locations, and languages, and connections to systems like Workday through a growing marketplace. Customers include global blue-chip firms like Hyatt Hotels, Dollar General, Domino’s Pizza, and SeaBoard Foods, spanning over 160 countries, with the company targeting the 1.7 billion non-desk workers worldwide who are often unconnected by traditional tools. On September 16, 2019, Beekeeper announced a $45 million Series B funding round co-led by Thayer Ventures and Swisscanto Invest by Zürcher Kantonalbank (Swisscanto Private Equity), with participation from prior investors including Atomico, Alpana Ventures, Edenred Capital Partners, Fyrfly, Hammer Team, investiere, HighSage Ventures, Keen Venture Partners, Samsung NEXT, Swiss Post, and Swisscom. This brought the company's total funding to around $71 million, following a $5 million seed and $21 million in Series A rounds (including an extension). The capital was intended to fuel exponential growth, expand the platform with new features and integrations, grow the team in Europe and the US, and capitalize on the massive market opportunity in non-desk worker communications, where over 75-80% of the global workforce lacks adequate digital tools. |
| Sep 2018 | Series A | Atomico (lead); Alpana Ventures; Swiss Post Ventures; Samsung NEXT; Gentian Investments; Edenred Capital Partners; Verve Ventures; FYRFLY Venture Partners | $13M | Beekeeper, a Zurich and San Francisco-based startup, develops a secure digital workplace app to enhance communication between non-desk workers and managers. The app serves industries including hospitality, manufacturing, retail, construction, transport, logistics, food production, NGOs, and healthcare, and is available in 130 countries. Customers include Heathrow Airport and Marriott Hotels for managing flexible, mobile staff. In 2018, Beekeeper raised $13 million in a Series A extension round led by Atomico and Keen Venture Partners, bringing total funding to around $26 million. Other participants included Samsung NEXT, Edenred Capital Partners, Swiss Post Ventures, FYRFLY Venture Partners, Verve Ventures (Alpana Ventures), and Gentian Investments. The funding supports market growth, innovation, information security, and expansion of its plug-in ecosystem for seamless system integration. CEO Cristian Grossmann highlighted Beekeeper's potential in a market of 2 billion non-desk workers worldwide, with aims toward an IPO as the category leader. |
| Mar 2017 | Series A | Keen Venture Partners (lead); Alpana Ventures; b2venture; Swisscom Ventures; Niklas Ostberg; Verve Ventures; 3wVentures; Ariel Luedi; FYRFLY Venture Partners; Atomico | $8M | Beekeeper is a Zurich-based SaaS company providing a mobile-first frontline success platform that connects workers to the people, processes, and information they need to be productive, engaged, and safe at work. The company addresses the disconnect between employers and frontline employees across industries. Beekeeper has raised over $171 million across multiple funding rounds through February 2025. The company achieved $150 million in revenue in 2025 and operates in more than 150 countries with thousands of frontline business locations using its platform. As of the Series C round in November 2022, Beekeeper had grown to over 200 team members across the United States and Europe. |
| Apr 2016 | Seed | FYRFLY Venture Partners (lead); Alpana Ventures; Polytech Ventures; b2venture; Niklas Ostberg; SICTIC; Ariel Luedi | $5M | Beekeeper is a Switzerland and U.S.-based startup providing a mobile-first communications platform for employers to communicate with blue-collar and service-oriented workers. Founded in 2012 from a mobile social network called Spocal, it targets deskless workers in retail, hospitality, and manufacturing, replacing methods like pen and paper or consumer apps such as WhatsApp. On April 15, 2016, Beekeeper raised $5 million in funding led by FYRFLY Venture Partners, with participation from b2venture (b-to-v Partners), Polytech Ventures, Alpana Ventures, Ariel Luedi, Niklas Ostberg, and SICTIC. At the time, Beekeeper had 60 enterprise clients in hospitality, retail, and manufacturing, with end users in more than 100 countries and 50% of revenue from the U.S., where it co-headquartered in San Francisco. |
Who has invested in Beekeeper?
26 investors have backed Beekeeper across its funding rounds, including Alpana Ventures, Verve Ventures, Thayer Ventures, Energize Capital, Swisscanto Private Equity and b2venture.
Lead investors include HSBC Innovation Banking, Swiss Entrepreneurs Foundation, Energize Capital, Swisscanto Private Equity, Thayer Ventures and 3 other investors.
Beekeeper Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Geneva | 6 | Participant | Apr 2016 | |
| Zug | 5 | Participant | Mar 2017 | |
 San Francisco, CA | 4 | Lead | Sep 2019 | |
| Chicago, IL | 4 | Lead | Feb 2020 | |
| Zurich | 4 | Lead | Sep 2019 | |
 Berlin | 3 | Participant | Apr 2016 | |
 London | 3 | Participant | Sep 2018 | |
 Amsterdam | 3 | Lead | Mar 2017 | |
| San Francisco, CA | 3 | Lead | Apr 2016 | |
| Bern | 2 | Participant | Sep 2018 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Niklas Ostberg | Switzerland | 2 | Participant | Apr 2016 |
| Ariel Luedi | Zurich | 2 | Participant | Apr 2016 |
| London | 2 | Lead | Mar 2017 | |
This data is available for Pro users. Sign up to see all 26 Beekeeper investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Beekeeper
Beekeeper has acquired 1 company to date.
Last acquisition by Beekeeper was on March 23rd 2021. Beekeeper acquired Lua for $24M.
Latest Acquisitions by Beekeeper
| Description | Lua is a digital workflow platform tailored for frontline workforces in industries like retail and hospitality. Headquartered in London, it equips teams with mobile tools for task management, communication, and scheduling to streamline operations and boost daily productivity. |
| HQ Country |  |
| HQ City | Copenhagen |
| Deal Date | 23 Mar 2021 |
| Valuation | $24M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Beekeeper acquisitions and their M&A valuation multiples. Start Free Trial | |
Beekeeper Competitors
Beekeeper competitors include listed companies like Freee and ATOSS Software, and private ones like Workleap, Assembled, Awardco and Beamery.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Montreal | Private | $100M | - | $365M | 3.6x | |
| San Francisco, CA | Private | - | - | $1B | - | |
| Salt Lake City, UT | Private | - | - | $1B | - | |
| London | Private | - | - | $1B | - | |
 Japan | Publicly listed | $214M | $6M | $1.5B | 4.8x | |
| Germany | Publicly listed | $218M | $84M | $1.7B | 6.4x |
Beekeeper Public Comps
Beekeeper is no longer listed, but its public comps include Montnets, Cybozu, Teamviewer, Pexip, Vercom, Truecaller, Tanla Platforms, Enghouse Systems, Consensus Cloud and Freee.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
| $241M | $84M | 3.4x | 3.1x | 9.8x | 9.2x | |||
| $860M | $310M | 2.5x | 2.5x | 7.0x | 5.9x | |||
| $118M | $29M | 6.6x | 5.7x | 26.6x | 18.6x | |||
| $125M | $34M | 5.9x | 5.2x | 21.8x | 18.2x | |||
| $195M | $61M | 3.2x | 3.4x | 10.2x | 11.8x | |||
| $461M | $76M | 1.2x | 1.2x | 7.6x | 7.1x | |||
| $357M | $87M | 1.4x | 1.4x | 5.6x | 5.6x | |||
This data is available for Pro users. Sign up to see all Beekeeper competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Beekeeper
| When was Beekeeper founded? | Beekeeper was founded in 2012. |
| Where is Beekeeper headquartered? | Beekeeper is headquartered in Zurich, Switzerland. |
| Is Beekeeper publicly listed? | No, Beekeeper was acquired by LumApps in July 2025. |
| Who acquired Beekeeper? | Beekeeper was acquired by LumApps in July 2025. |
| How much was Beekeeper acquired for? | Beekeeper was acquired for $1B in July 2025, a 6.7x revenue multiple. |
| How much funding has Beekeeper raised? | Beekeeper has raised $182M across 10 funding rounds. |
| What was Beekeeper's last funding round? | Beekeeper's last funding round was a $35M undisclosed-stage round in March 2025, led by HSBC Innovation Banking. |
| Who are Beekeeper's investors? | Beekeeper's investors include Alpana Ventures, Verve Ventures, Thayer Ventures, Energize Capital, Swisscanto Private Equity, b2venture, Edenred Capital Partners, Keen Venture Partners, FYRFLY Venture Partners, Swiss Post Ventures and 16 others. |
| Which companies are comparable to Beekeeper? | Companies comparable to Beekeeper include Workleap, Assembled, Awardco, Beamery, Freee and ATOSS Software. |
| How many companies has Beekeeper acquired? | Beekeeper has acquired 1 company, including Lua. |
| What was the largest acquisition by Beekeeper? | The $24M acquisition of Lua in March 2021 is the largest acquisition Beekeeper has made to date. |
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