preciate announced a $4.6 million Seed Round of VC for its social network app for teams. Preciate enters a crowded field of startups focused on communication and collaboration for distributed and remote teams. The category led global HR tech investment in 2020 with $820 million of the $5 billion invested across all categories.
Distributed and remote work was a trend before the pandemic, leading innovators and investors to communication and collaboration tech for years. The increased pace of investor activity through the pandemic makes the field even more crowded. It’s going to be an interesting category to watch for buyer adoption. Will buyers lean in on more social solutions or more collaborative features within the flow of work?