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Goldman Sachs Provides $16MM Facility to Beezy

bynadine
January 21, 2020
in News

Beezy, the intelligent workplace solution for Microsoft Office 365, SharePoint and Teams, has closed a $16 million senior secured credit facility from Goldman Sachs Merchant Banking Division to accelerate growth and continue with its international expansion plan.

Beezy is experiencing impressive growth driven by the increasing need for large organizations to deliver a ready-built digital workplace for Office 365 designed to improve collaboration, engage a geographically spread workforce and increase productivity. The company is also the only vendor that can deliver its award-winning solution through Microsoft Teams, the fastest growing business application in Microsoft’s history.

Beezy will use the newly acquired funds to expand its international operations and further strengthen its investments in product innovation, sales, marketing, and customer success to deliver a white-glove service to its expanding roster of world-class enterprise customers.

“We feel honored by this endorsement of the potential for growth and global expansion through the financing provided by Goldman Sachs Merchant Banking Division,” said Jordi Plana, CEO, founder and major shareholder of Beezy.

“The capital inflow will allow us to continue with our R&D investments in Artificial Intelligence and UX of the product, and to scale our world-class customer success practice to cope with the growing market demand.”

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