Yoobic Inc.

Yoobic Inc. is a technology company that develops a frontline engagement platform specifically designed for the retail sector, enhancing communication and operational efficiency for frontline teams across various locations. Founded in 2014, Yoobic Inc. is based in London, UK, and is dedicated to improving retail operations through innovative technology.

The company was initiated by founders Avi Haiat, Fabrice Haiat, and Gilles Haiat. In July 2021, Yoobic raised GBP 27. 5 million in Series C funding led by Highland Europe, with participation from Felix Capital and Insight Partners, bringing the total amount raised to GBP 27. 5 million and the current company valuation to GBP 289.

067 million. Yoobic has completed 3 deals to date. Yoobic offers an all-in-one frontline engagement platform tailored for retail operations. Its features include an Activity Widget for tracking daily tasks, an Insights Manager for performance metrics, and an Interactive Newsfeed for real-time communication, aimed at enhancing training and task execution for frontline teams.

The platform serves over 350 global retailers, including UNTUCKit, Michaels Stores, H&M, and GameStop, enabling effective engagement with field leaders and frontline teams. In the most recent year, Yoobic reported a revenue of GBP 28,135,461. 70 and an EBITDA of GBP -8,855,084. 10.

The company operates on a subscription-based model, providing its platform to businesses in the retail sector, with pricing structures that vary depending on user numbers and services utilized, fostering long-term client partnerships. Following its recent Series C funding round in July 2021, where GBP 50 million was raised, Yoobic plans to bolster its workforce, enhance research and development, and expand its market presence in North America. The company aims to introduce new products designed for frontline engagement, although specific release dates for these innovations have yet to be disclosed.