With the help of its AI-powered “digital coach” FLOWIT, a Swiss startup, is revolutionizing conventional methods of employee development and has concluded its first seed investment round of over €4.2M.
Carsten Maschmeyer’s funds, Alstin Capital and Vi Partners, co-led the round. Daniel Gutenberg is also joining the investment consortium and contributing his wealth of start-up experience. To help FLOWIT grow the business and go global, all three investors will provide both financial and strategic support.
All employees, particularly those working in front-line roles like service technicians, healthcare providers, hotel employees, and other non-desk workers, may now obtain real-time feedback and development thanks to FLOWIT’s solution. Conventional employee development has frequently ignored these populations. FLOWIT improves employee engagement by providing feedback and learning processes that help businesses and people thrive in their day-to-day work.
Vi Partners’ Gaetano Zanon stated:
“We are excited to co-lead FLOWIT’s first institutional funding round. The generative AI-powered platform of FLOWIT provides creative solutions for 80% of workers worldwide who do not have desks. The founding team, which is headed by Bilâl and Yasemin Tahris, has already had great success working with major corporations in Europe and Switzerland because they combine passion and a wealth of industry knowledge.”
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More than 70 hospitals, lodging establishments, and real estate firms in the DACH region have signed on with FLOWIT since its September 2021 market launch. Currently, more than 30,000 workers make use of the SaaS service. The platform increases employees’ emotional and normative engagement with their companies while lowering turnover costs by as much as 50%. With automated procedures, real-time data, and AI-driven dashboards, FLOWIT lightens the load on HR and leadership teams, freeing up more time for proactive leadership and promoting a positive workplace culture. The solution offers a wide range of features, including customizable employee development focus areas and creative employee satisfaction surveys.
Alexander Meyer-Scharenberg of Alstin Capital added:
“Germany is among the nations with the worst labor shortages worldwide. Since every employee turnover costs the organization a lot of money, HR departments face a great deal of difficulty in filling vacancies and keeping good personnel. This is precisely where FLOWIT enters the picture, offering an AI-powered digital coach that lowers employee turnover by up to 50% to the frequently overlooked non-desktop workers.”
Daniel Gutenberg said:
“Having previously invested in fifteen unicorns, I can see the potential that a game-changing idea can unleash when the right mix of innovation, market demand, and a strong team is present. These components are combined uniquely by FLOWIT, which provides a holistic platform that completely rethinks the employee development cycle. FLOWIT is, in my opinion, “the next big thing” in HR-Tech and people development.”
FLOWIT earned two awards for its innovation and social impact: the Swiss Economic Award in June 2024 and the Swiss HR Awards in 2022. The team plans to grow from 20 to 50 members by the end of 2025 to meet rising demand and support global expansion.
