Thailand-based mobile collaboration platform Eko has raised $20m in a series B round led by SMDV, the corporate venturing arm of conglomerate Sinar Mas.
The round also included Redbeat Ventures, the digital investment arm of airline operator AirAsia, venture capital firms Gobi Partners and East Ventures, and unnamed, existing investors.
Founded in 2012, Eko has developed a platform which allows management teams to collaborate and communicate with their staff through a mobile app.
The company said it has more than tripled its revenues in the past year and has users in the retail, hospitality, banking and other service-based industries.
Having opened offices in the UK, Netherlands and Germany, Eko will use the funding to expand further in Europe and the US.
In 2015, Eko raised $5.7m in a series A round led by Gobi Partners after raising a seed round of undisclosed size from 500 Startups. In August 2017, conglomerate Itochu invested $2m in the company.
Roderick Purwana, managing partner at SMDV, said: “Eko’s communication and collaboration features fit the increasing mobility of corporate employees today.”