- Unily, a leading digital workplace platform company announced it raised $68 million in growth investment from Silversmith Capital Partners and Farview Equity Partners
Leading digital workplace platform Unily announced it raised $68 million in growth investment from Silversmith Capital Partners and Farview Equity Partners. What does Unily do? The company’s digital experience platform transforms the way companies communicate internally and collaborate.
Unily achieved a 60% year-on-year growth for the last two consecutive financial years. And the investment will be used for supercharging the global expansion of this fast growth British SME.
Following the investment, Silversmith and Farview will hold a significant minority stake in the company and with board representation to support the existing management team on its ambitious international growth strategy.
“This investment will provide Unily with the potential to disrupt the global digital experiences marketplace at greater pace and with broader reach than ever before,” said Unily co-founder William Saville. “We have invested in and developed a platform already used and recognized by global brands as providing answers to some of the toughest questions for multi-nationals around productivity, employee engagement and organizational culture. Having invested heavily in next-generation technologies like AI across content, search, UX and analytics, Unily is poised to respond to the anticipated further growth in market demand.”
Launched in 2005, Unily has built award-winning digital workplaces designed to improve collaboration, engage a geographically spread workforce, and increase productivity.
Currently, Unily employs 120 people across the UK, America, and the Far East. And it has a portfolio of FTSE 250 and Fortune 500 clients spanning a diverse range of sectors such as financial services, aviation and FMCG and large brands like McDonald’s, British Airways, Mars, Shell, Cathay Pacific, Microsoft, and L’Oréal.
“We are looking forward to working with Silversmith and Farview, two investors with significant experience building world-class technology companies, to take Unily onto even greater success. We feel inspired by this third party endorsement of the potential for global expansion driven by our insight on and our reaction to the fascinating ways global workplace structures are changing,” added Unily co-founder Richard Paterson. “Our innovative platforms facilitate information flows and integration without compromise for simplicity of use, security or privacy. Today’s largely virtual workforces create multi-layered challenges for senior management teams of the world’s largest companies in embedding a cohesive vision and turning it into reality. Unily has been recognized as a ‘best in class’ solution to such commercial fundamentals.”
The market growth for digital workplaces is expected to go from $13.4 billion in 2018 to $35.7 billion by 2023, according to MarketsandMarkets.
“Our business model is pretty simple, we partner with exceptional entrepreneurs in important markets and support them however we can to help realize their long-term vision,” explained Silversmith Capital Partners managing partner Todd MacLean. “We believe Will and Rich are two such entrepreneurs and have built a company in Unily that is capable of changing how a great many people are able to do their jobs – better, faster, more efficiently. We couldn’t be more excited to continue the journey with them.”
This investment will also provide Unily with the scalability to seize this market opportunity and capture market share from more established providers. And Unily is already investing in AI innovation, which is forecast to be the focus of the next wave of growth in the digital experiences space.
“Unily epitomizes what Farview looks for in a category-defining company. Will, Rich and their talented team have developed an innovative digital experience platform, a scalable and capital efficient go-to-market model, and an engaged and delighted customer base representing some of the world’s leading brands and places to work,” explained Farview Equity Partners co-founder and partner John Rosenberg. “We are thrilled to partner with Unily as they transform how global organizations engage their employees, customers and suppliers in a more meaningful and personalized way.”
