February 4th, 2014 – GoIntegro, a cloud-based HR engagement corporate platform announces it has received US$5 million from Riverwood Capital, Kaszek Ventures and Endeavor, as part of a second funding round to expand its business in Latin America, focusing on Brazil and Mexico.
GoIntegro, leader in Latin America, has developed a cloud-based corporate social platform with applications designed to manage Internal Communications, Corporate Benefits, Recognition Programs and Incentives Programs. Company revenue grew 30% year on year in 2013, and are expected to expand 50% in 2014. Growth was even more significant in Brazil this summer in terms of both sales and number of clients, which expanded 460% and 310% respectively.
Currently, the firm has 300 clients in Latin America and reaches more than one
million users every day.
An IDC Consulting survey estimates corporate social networks will grow 22.3%
to about US$ 2.7 billion by 2017. The investment will focus in product development, marketing and sales, mainly in Brazil and Mexico.
“We believe there is great opportunity in the Latin American market, and we are excited to improve recognition programs and the way people communicate within companies”, said CEO and Founder German Dyzenchauz.
Founded in 2002, GoIntegro is a pioneering cloud-based corporate social platform, aimed at engaging Human Resources through applications designed to manage Internal Communications, Corporate Benefits, and Recognition, Rewards and Incentives Programs. It is used by more than 300 companies such as Coca-Cola, Itaú Bank, Citibank, Santander Bank, Kimberly-Clark, Carrefour, IBM, Oracle, Accenture, BASF, Danone, GE, HP, Zurich, LAN Airlines, McDonalds.