Fibery, a Cyprus-based work and knowledge hub for startups, recently announced that it has $5.2 million as a part of its Series A round led by Tal Ventures, with participation from Altair Capital. The startup plans to use the funds to grow its marketing and sales operations, speeding up its growth with a focus on expansion and new channels.
Started in 2017 by Michael Dubakov, Fibery connected workspace combines work management and knowledge management into a single, flexible tool, giving product companies a unified platform with fully customizable work processes. Its solution is designed to grow with the companies that use it, providing teams with the building blocks necessary to create a personalized workspace tailored to their unique, changing needs – particularly as they scale. As the centre of a company’s workflow, Fibery transforms how startups understand problems, collaborate, and develop solutions while cutting technology costs and breaking down knowledge and information silos.
Speaking about the company, Co-founder & CEO of Fibery, Michael Dubakov, said:
My team and I have been working diligently to reimagine the future of work and knowledge management; I am confident when I say that our solution is the next big step towards providing startups of all sizes a connected workspace best suited for their needs. We don’t claim to be building a solution that is the best at everything; rather, we provide the essential building blocks companies need to understand problems better, collaborate, and invent solutions. We are excited to utilize this funding to build out our team and further transform, for the better, how companies can most productively work together.
The startup has employees working remotely around the globe, servicing hundreds of teams of all sizes. It claims to have over 500 companies of all stages and sizes actively using its solution, including Lemonade, Pinterest, NZX, Grundfos, Optiv, and Plex. In 2022, Fibery saw a growth of 2x MRR.
Commenting on the funding, Miriam Shtilman-Lavsovski, Partner, Tal Ventures, added:
We are thrilled to work with Fibery as we heavily support their innovative solution to numerous work and knowledge management pain points. Fibery has found a unique product-market fit, building a smart, well-executed solution to help startups and enterprises work better, faster, and smarter together. The team’s transparent way of communicating their offering and internal processes has been a breath of fresh air in today’s business climate. We are excited to help them spread their mission across Europe and, eventually, globally.
In 2021, Fibery had raised $3.1 million in a seed round led by Altair Capital. The firm’s latest funding brings its total raised to $8.3 million.