logo
logo

Element Secures $30M To Build On Its Success With Government Secure Messaging

Jul 27, 2021•almost 4 years ago

Amount Raised

$30 Million

Description

Element, the UK-based developers of secure collaboration and messaging app for the Matrix protocol, have secured $30 million in Series B funding. The funding round was led by Protocol Labs and Metaplanet, a fund set up Skype co-founder Jaan Tallinn, while existing investors Automattic and Notion also participated, highlighting a broad confidence in the importance of platforms like Matrix and the app ecosystem around them.

Company Information

Company

Element

About

They include the French government covering some 5.5 million civil servants; Dataport (which is incorporating it into Germany’s education and public administration systems); and BWI, which supplies the communications system used by the German armed forces — in all, some 10 government engagements, the company said. Most public sector customers choose the former, and private sector ones opt for the latter, the startup said. Element today is available as an on-premise systems or a cloud-based platform.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech