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France-based Wisembly snags $2M from Alven Capital to simplify meetings

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February 4
9:17 AM 2014

Wisembly, a startup based in France, secured $2 million in its first round of funding since it was founded three years ago, TechCrunch reported. The investment came from Alven Capital. The company offers a tool to monitor and simplify company meetings. Proceeds from the funding round will be used by the company to add more people to the team, the report said.

In a phone interview with TechCrunch, Wisembly Co-Founder Romain David said, "Wisembly is a collaborative solution for corporate meetings. It allows you to prepare, facilitate and monitor your meetings."

The Wisembly all-in-one platform enables the one heading a meeting to prepare for the activity. It allows them to upload documents, make a survey and more at a monthly cost of $13.50 to $27 for every user each month. The attendees can then get the link and share their views, the report said.

The concept of the startup is to get as many people as possible involved in a short amount of time during the actual meeting. Since it's impossible to ask every attendee their opinion on every subject covered by the meeting, Wisembly allows them to give their comments, to like, vote or record a quote given in the meeting. The platform can be used for in-person meetings and conference calls, the report said.

The user can then keep a record of what happened in previous meetings and get an idea of what occurred over time. There are also metrics that the user can use to determine if the meeting was effective or not, the report said.

Wisembly seeks to fix the pain that occurs in many firms, namely, that meetings take a long time and only a few people really air their views. The platform is already used by around 400 firms which include BNP Paribas, Accenture, SNCF and Danone. Last year, the company posted revenues of $2 million, the report said.

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