oneDrum

oneDrum is a collaborative software company enhancing productivity within organizations through its innovative solutions, facilitating seamless communication and workflow management across various departments. Founded in 2008 and headquartered in Stirling, UK, oneDrum specializes in collaboration software designed to improve productivity in organizations. In April 2012, the company was acquired by Yammer, which is part of a larger group of investors including Capricorn Venture Partners and Charles River Ventures. The firm has successfully completed three deals, with its latest funding round being Series A, raising GBP 0.

900 mn from Amadeus Capital Partners, which corresponds to the total amount raised. oneDrum offers a productivity platform, Viva Engage, that enhances organizational collaboration and communication. It connects employees across departments to facilitate timely decision-making, project tracking, and idea sharing. Targeting diverse markets including North America, Europe, and Asia-Pacific, it serves various industries such as education, government, healthcare, automotive, and retail.

Viva Engage operates on a subscription-based revenue model through Microsoft 365 offerings, engaging clients in annual licensing agreements that integrate seamlessly with Microsoft products like Teams and Dynamics 365. This model allows the platform to maintain ongoing revenue by providing tailored productivity solutions to its clients, aligning with the broader Microsoft 365 suite's pricing plans. Looking ahead, oneDrum intends to enhance its product offerings with new features aimed at further improving collaboration and productivity. The company aims to expand into new geographical regions, specifically targeting markets in Asia-Pacific and Europe by 2025.

The recent funding from the Series A round will be utilized to develop these new features and support market expansion initiatives.