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Press release

Development 12 September 2018

Edenred Capital Partners supports Beekeeper in a $13 million new funding round

The Edenred group, via its venture capital structure, Edenred Capital Partners, is taking part in the funding round for the Swiss-based startup Beekeeper, specialized in human resources management and communication with "mobile" employees (non-desk workers). This investment aims to help Beekeeper develop internationally, particularly in the United States and Latin America.

Beekeeper provides an app enabling human resources departments to offer a seamless and unified HR experience to their non-desk workforce. In particular, the app allows employees without email addresses or corporate devices to instantly exchange all types of files, to plan their meetings, leave, work schedules, or to receive and archive their pay slips. Everything is accessible remotely and without a computer via a simple and intuitive mobile interface. Several groups such as Domino's Pizza, Heathrow Airport and Mandarin Oriental already use Beekeeper solutions in more than 130 countries.

By contributing to the development of Beekeeper, Edenred Capital Partners is continuing to support the search for efficiency in the professional world. Faced with the challenges posed by new forms of work, beyond salaried employment, this investment will enable Edenred to extend its expertise in communication between companies, employees and self-employed workers.

Founded in 2012, Edenred Capital Partners supports innovative companies with high growth potential, in areas related to the Group’s activities. The objective is to enrich Edenred’s ecosystem while initiating valuable synergies with the companies supported. The Venture Capital arm has notably contributed to the development of Andjaro, LCCC (La Compagnie des Cartes Carburant), ProwebCE and Zenchef in France, Beamery in the United Kingdom and Candex in the United States.

"We take pride in supporting Beekeeper in this new phase of its development. This new investment demonstrates our willingness to get a better grasp on how digital technology improves communication in an ever more mobile world of work,” declared Philippe Dufour, Edenred's Executive Vice President, Alternative Investments.

To learn more about Edenred Capital Partners, go to: www.edenredcapitalpartners.com

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day. 
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.

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Matthieu SANTALUCIA

Media relations

By phone: +33 (0)6 83 54 12 10