Type
Business expansion
Country
France
Region
île de France; Paris;
Location of affected unit(s)
Paris
Sector
Information / Communication
Information Service Activities
Digital Infrastructure Services
63.12 - Web portals

100 jobs
Number of planned job creations
Job creation
Announcement Date
12 November 2020
Employment effect (start)
23 November 2020
Foreseen end date
31 December 2021

Description

The Livestorm company, which offers a videoconferencing solution to professionals, has completed a €25 million financing round, which will enable it to recruit 100 people.  The demand for its video conferencing tool exploded during the COVID-19 lockdown, and has not fallen off since. The start-up grew from 1,000 to 4,000 customers during this period, multiplying its turnover by three in three months. To ensure this growth, the start-up plans to recruit 100 new customers within the next year.


Sources

Citation

Eurofound (2020), Livestorm, Business expansion in France, factsheet number 102544, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102544.