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Startups

Team Blind secures $37 mn in Series C round; eyes Nasdaq listing

By May 18, 2021 (Gmt+09:00)

Team Blind secures  mn in Series C round; eyes Nasdaq listing

Teamblind Inc., the operator of Blind, an anonymous social platform for discussion on workplace issues, has successfully concluded its $37 million Series C round, the company announced on May 18.

Participants of the latest funding include previous investors such as US-based venture capital firms Storm Ventures and DCM Ventures, alongside newcomers including Mainstreet Investment, Cisco Investments and Singapore-based Pavilion Capital, a subsidiary of Singapore's sovereign wealth fund Temasek.

The company, which goes by Team Blind, plans to use the funds to speed up its trading debut on Nasdaq, which was originally scheduled for 2025.

"From the beginning, we aimed for global expansion, which is why we set up our headquarters in Silicon Valley," said Moon Sung-uk, the chief executive of Team Blind.

Going forward, the company aims to increase its footing in global markets such as the US, Canada and India.

Founded in 2013, Blind has become one of the most popular workplace apps globally. The platform offers forums for verified employees to discuss issues in the workplace -- covering a range of topics including company benefits, gossip, compensation and job opportunities.

The posts are anonymous, creating an environment where employees can post freely with no fear of repercussion.

Some 4.5 million users are registered on the platform from 150,000 company workplaces, including tech firms such as Uber, Kakao and Amazon. The company, which began with just six members, has grown to house over 100 employees.

Write to Joo-wan Kim at kjwan@hankyung.com

Danbee Lee edited this article.

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