Fibery, a Limassol, Cyprus-based work and knowledge hub for startups, announced that it raised $5.2 million in Series A funding, bringing its total raised to $8.3 million.
The round was led by Tal Ventures, with additional funding from Altair Capital. With the funds, Fibery plans to grow its marketing and sales operations, speeding up the company's growth with a focus on expansion and new channels.
Fibery's 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.
"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," said Michael Dubakov, CEO and Co-Founder of Fibery. "We don't claim to be building a solution that is the best at everything; rather, we are providing the essential building blocks companies need to better understand problems, 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."
Fibery has over 500 companies of all stages and sizes actively using its solution, including Lemonade, Pinterest, NZX, Grundfos, Optiv, and Plex. In 2022 the company saw growth of 2x MRR.
Company: Fibery Limited
Round: Series A
Funding Month: February 2023
Lead Investors: Tal Ventures
Additional Investors: Altair Capital
Company Website: https://fibery.io/
Software Category: no-code Management Platform
About the Company: Founded in 2017, Fibery is a no-code management platform for collaboration, operations, and knowledge management. It brings user research, customer feedback, product development, and marketing data into one connected platform. Fibery's platform enables teams to accumulate knowledge, generate insights, and manage work processes by combining all necessary tools into a single platform, removing friction caused by knowledge and work silos. Serving as the center of a company's workflow, Fibery is transforming how startups understand problems, collaborate, and come up with solutions while cutting technology costs and breaking down knowledge and information silos. The company has employees working remotely around the globe, servicing hundreds of teams of all sizes.