Yera Raises €535,000 in Seed Funding  

by Kay Aloha Villamor in July 23rd, 2022

Yera, a Tallinn, Estonian-based startup that offers an employee engagement tool that leverages gaming elements to increase the performance of teams in the workplace, announced that it raised €535,000 in seed investment.

The round was led by Specialist VC, with participation from world-class industry experts and renowned angel investors, such as Veriff founder Kaarel Kotkas and the former Director of Engineering at Wise, Alvar Lumberg.

The funding will support the expansion of Yera's employee engagement tool, providing an all-in-one engagement and rewards solution for work teams worldwide. The investment will also support the growth of the company’s customer-centric product development team and expansion to new markets in Europe, South America, and Asia.

Company: Team Flow OÜ

Raised: €.535M

Round: Seed Round

Funding Month: July 2022

Lead Investors: Specialist VC

Additional Investors: Kaarel Kotkas and Alvar Lumberg

Company Website: https://www.yera.io/

Software Category: Employee Engagement Solution

About the Company: Founded by an Estonian-Brazilian team with diverse experience from Skype, Veriff, Swedbank, Inbank, and others, Yera offers a fully automated SaaS platform for increasing the performance of teams in the workplace, that encourages recognition, and employee engagement in essential work processes. Yera Employee engagement solution combines flexible benefits + gamification to help your people do their best work. Yera enables seamless onboarding by providing integration with a wide range of workflow management tools, such as Slack, Zendesk, Trello, Jira, and Azure DevOps. It is the only all-in-one engagement and reward system, and its full automation sets it apart from other employee recognition apps on the market, such as Bonusly, Guusto, and Centrical. Yera provides a one-stop shop for earning points and redeeming awards with its customizable Perk Store that hosts a catalog of rewards that can be upgraded with custom motivation packages. Yera’s mission is to create technology for people and organizations to help them thrive to their full potential and enjoy the journey. The company is piloting partnerships with global digital innovation companies, such as Helmes and Ambev Tech.

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