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Spencer collects 2.5 Mio Euro to accelerate growth

Since the launch of the digital workplace assistant, Spencer teamed up with Microsoft and gained the trust of large companies like Proximus, DEME, Delhaize, Q8 and Port of Antwerp. For this new investment round, Spencer can count on the support of all its existing shareholders and financial partners, who confirm their trust and belief in the company’s vision.

14/11/2019
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3
min read
Spencer collects 2.5 Mio Euro to accelerate growth

Our venture Spencer just collected 2,5 million euro to accelerate its growth in the next 18 months. Since the launch of its digital workplace assistant, Spencer went through a growth spurt. Spencer teamed up with Microsoft and already gained the trust of large companies like Proximus, DEME, Delhaize, Q8 and Port of Antwerp. For this new investment round, Spencer can count on the support of all its existing shareholders and financial partners, who confirm their trust and belief in the company’s vision.

 

Spencer is a digital assistant that combines information and actions from scattered tools and applications, into facilitated employee-centric journeys. Compare it to CEOs, who often have a management assistant to make sure they don’t have to worry about their schedule, sees that no paperwork is overlooked, and who knows the ins and outs of the workplace. That’s the role Spencer fulfils for each employee – as a proactive assistant, on top of the client’s existing software tools.


Discover the employee experience platform of Spencer

60.000 employees worldwide

Our venture has been going strong; merely 15 months in, a partnership was struck with Microsoft, connecting the personal assistant with Office 365. Next to clients like Telenet, DEME, and Proximus, Spencer also convinced large players like Port of Antwerp, Ferranti, Q8 and Delhaize to implement the product and lift their employee experience to a new horizon.

Our success was crowned with the Startup of the Year award from startups.be.

Today, Spencer is nominated as one of the 10 Rising Stars by Deloitte, for the second year in a row. 

 

The results are clear: Spencer has been contracted to support over 60.000 employees worldwide. Meanwhile, the team has doubled in size in the past 6 months, with a clear ambition to grow to 30 team members by next summer.

 

"I’m very proud to see that our latest venture Spencer is taking off big time. By leveraging November Five’s expertise and experience, we’ve shaped a great foundation and solid strategy for Spencer that is yet again gaining trust and confidence from our co-investor Telenet and our financial partners. Together we’re getting Spencer ready to explore many more opportunities and an exciting new phase of growth." 

- Tom Vroemans, Executive Chairman Spencer, CEO November Five

 

2,5 million euro

Spencer defined an ambitious growth plan, including an expansion to neighbouring markets and a proposition for medium-sized enterprises. Backed by a strong partner ecosystem and a marketplace of software-connectors, Spencer is ready for accelerated market entry. Based on the first successes and this growth plan, all existing stakeholders and financial partners confirmed their trust in Spencer with this investment round of 2,5 million euro.

"Spencer’s concept is a perfect fit for our own philosophy: making people’s, or in this case employees’, daily lives easier with simple digital solutions. Other large players also prioritise this, which is why Spencer has been able to sign on several important companies. Within Telenet, we’re implementing Spencer next month. We’re happy to keep supporting the company in its continued growth, because we believe in the innovation Spencer can realise."

- Dieter Nieuwdorp, Senior Vice-President Strategy & Corporate Development at Telenet

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Written by

Tom Vroemans

Tom

Co-founder, Chairman & CEO

Our leader of the pack. Inspired by the challenges and opportunities in today’s converging and transforming industries. Responsible for instigating our vision, strategy, and decision-making. For introducing the right conditions where all of us can seize the opportunity to realise our highest aspirations. Tom is often the most energetic person in the room, known for his contagious enthusiasm, passion for November Five, and relentless drive to grow.