Exciting news yesterday that TechHub members Divide have announced their series B funding round of US$12 million, lead by Google Ventures, bringing its total funding to-date to US$25 million. Existing investors Comcast Ventures and Qualcomm Ventures also contributed, as did new investors Globespan Capital Partners and Harmony Partners.
Founded in 2010 with offices in London, New York and Hong Kong the BYOD startup formerly known as Enterproid, sells to hundreds of customers including some of the world's largest financial, healthcare and technology companies as well as federal agencies and small and medium-sized businesses. The product offers an encrypted workspace on employee devices to segregate business information and apps from their personal stuff.
TechHub member Alexander Trewby, co-founder and COO of Divide says
This new investment will enable us to scale our good fortune and continue our global expansion. TechHub was our very first home in London, and we're pleased to continue the trend of TechHub startups developing further internationally and taking advantage of opportunities for funding and sales around the world.
Divide co-founder Alexander Trewby speaking at TechHub
Divide�s cloud-based manager lets IT folks easily manage what their employees have access to, and it also works together with most major corporate security network solutions.
Looking ahead, co-founder and CEO Andrew Toy says Divide is exploring how it can help people move beyond work email and document management, which is the most common usage of its platform right now.
With the 4G networks we have now, and the way our user experience works � I think it�s time we can redefine how people work in a very seamless and holistic way � so it�s unified communication.
Divide has been downloaded more than 200,000 times by consumers and professionals through the Apple App Store and Google Play. It's available as a free app or a more full-featured enterprise version for US$60 per user, per year and Divide's revenue this year is up tenfold from where it was a year ago.
This great news comes shortly after three TechHub companies (Eyetease, import.io, Toothpick) were voted among the most innovative companies in the UK and Swiftkey named by Wired as the #1 startup in Europe.
TechHub is a unique environment where technology startups can start up faster. We nurture an international network of like-minded and focused tech entrepreneurs, providing places where they can work, meet, collaborate, network, learn and have fun. By getting the right people together in a physical space, good things happen. - @TechHub