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HSF advises Pyn on its Series Seed-1 capital raise led by Andreesen Horowitz
Herbert Smith Freehills’ private equity and venture capital team has advised Pyn on its Series Seed-1 capital raise.
This follows Pyn’s first Series Seed capital raise in July 2020, of which Herbert Smith Freehills also advised.
Pyn is an Australian technology company focused on providing businesses with online internal employee communications platforms. The round was led by global venture capital firm Andreesen Horowirz.
Pyn is an employee communications platform for distributed organisations. With COVID-19 driving remote work, Pyn helps companies reach their employees when they need clarity or support. Pyn is led by Jon Williams, a former co-founder of Culture Amp, and Joris Luijke, the former People Chief at Atlassian and Squarespace. Both founders bring a people and culture focus to the business, and have developed a learning and communications platform that provides helpful, tailored
Pyn founders Jon Williams and Joris Luijke. Photo: Nicola Bailey.
Aussie HR tech startup Pyn has raised $10.4 million in funding, led by ultra high-profile Silicon Valley VC firm Andreessen Horowitz, which is making its first investment in Australia.
Atlassian co-founder and co-chief Scott Farquhar also participated in the raise, along with BambooHR co-founder Ryan Sanders.
Pyn was founded back in 2019 by two bonafide veterans of the Aussie startup scene Jon Williams, one of the co-founders of Culture Amp, and Joris Luijke, former vice president at Atlassian and Squarespace.
In the same way platforms like Facebook make recommendations based on what they know about a user’s age, demographic and life stage, Pyn allows businesses to use what they know about employees to communicate more effectively.
Australian startup Pyn raises $8M seed to bring targeted communication in-house
Most marketers today know how to send targeted communications to customers, and there are many tools to help, but when it comes to sending personalized in-house messages, there aren’t nearly as many options. Pyn, an early-stage startup based in Australia, wants to change that, and today it announced an $8 million seed round.
Andreessen Horowitz led the investment with help from Accel and Ryan Sanders (the co-founder of BambooHR) and Scott Farquhar (co-founder and co-CEO at Atlassian).
That last one isn’t a coincidence, as Pyn co-founder and CEO Joris Luijke used to run HR at the company and later at Squarespace and other companies, and he saw a common problem trying to provide more targeted messages when communicating internally.
Australian startup Pyn raises $8M seed to bring targeted communication in-house yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.