Tel Aviv-based Spike, the email app that converts the email conversations into a chat format, has announced securing $8 million as part of Series A financing led by Insight Partners. The financing also saw participation from Wix, NFX, and Koa Labs.
Before this round, Wix had led the seed funding when the firm had picked up $5 million. The current financing takes the total amount raised by the company to $15.3 million. Insight Partners Vice President Daniel Aronovitz is set to join the board of the company as part of the financing.
Spike was started in 2013 by Dvir Ben-Aroya, Erez Pilosof, and Guy Gamzu. It converts the existing emails into a mobile messaging format that gives an interesting look and feel. The firm is now working on making collaborative notes and tasks have a cohesive solution for productivity. The product can easily sink with almost all the email service providers and the app is available on Android, iOS, Mac, and Windows.
Dvir Ben-Aroya, the CEO and co-founder of the platform talking about the company said that "Now, more than ever, teams and individuals need to be connected and aligned as we continue working from home in the largest numbers ever seen. Up until now, Spike has primarily been rethinking how email should work by turning legacy email into chat-like conversations. Today, in our latest update, Spike adds tasks, notes, and real-time collaboration into the world's most powerful email inbox to set the stage for how we will get work done in the future – together, in one feed, in real-time."
Aronovitz commenting on the funding said that "Spike understands that email will always be at the center of how we work. By combining a smart inbox with other essential collaboration capabilities, the team has developed an incredible and intuitive solution to help people work smarter.”
It will be interesting to how the firm utilizes the freshly raised funds and challenge some of the major names like Slack and Team.
Image courtesy: Microsoft