Indy Tech Company Secures $3M in Seed Funding
(image courtesy of Filo)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Filo has closed on a $3 million seed round of funding. The startup, which has developed a virtual collaboration platform for businesses, says it plans to use the funding to accelerate product development, deepen the platform’s integration with Zoom, and expand go-to-market efforts.
Filo launched out of the High Alpha venture studio in December. The platform is designed to facilitate planning, engagement and collaboration for businesses through a virtual campus that uses breakout spaces, livestreaming, chat functions, and document sharing, among other features, by integrating with Zoom.
“Remote and hybrid work is here to stay. As a virtual collaboration platform that facilitates training, workshops, kickoffs and internal events, we’re filling a gap that’s never been more important, more prominent or in higher demand for companies,” Filo Chief Executive Officer Matt Compton said in a news release. “With this funding, we’re excited to continue building features that empower people from all over the world to work together seamlessly within their own intuitive virtual campuses.”
Filo touts major companies such as the NCAA, Seismic and Techstars among its clients. The funding round was led by Kansas-based Flyover Capital and High Alpha Capital in Indianapolis.
“Working and collaborating across teams, departments and even companies is a problem that’s existed forever, and the emergence of remote and hybrid work has only made that pain more acute,” said Flyover Capital Partner Thad Langford. “There’s never been a stronger need in the market for a collaboration platform that’s built with these distributed teams in mind, or a more efficient, elegant solution than Filo.”
Compton will be a guest on this weekend’s edition of Inside INdiana Business with Gerry Dick to talk more about the platform and the latest funding round.