Staffbase, which offers an intranet-style inside communications platform for firms, has raised a $145 million (€122 million) financing round led by General Atlantic, a growth fairness agency. Existing buyers Insight Partners and e.ventures additionally participated in the round.
Started in Chemnitz, Germany in 2014, Staffbase has managed to onboard greater than 1,000 shoppers, together with Adidas, Audi, BHP, Deutsche Post DHL, Groupon, Hitachi, Ikea, Johns Hopkins University, McKesson, Paulaner, Suncor, Viessmann and Volvo, amongst others.
In early March this 12 months, the corporate merged with Bananatag, the Canadian supplier of inside communications options.
The COVID-19 pandemic has in fact accelerated the adoption of digital instruments for firms, so Staffbase is reaping the advantages of that shift. The firm’s primary opponents embody Dynamic Signal (raised $114.eight million) and Social Chorus (raised $47 million). In the class of intranets, opponents embody Simpplr (raised $29.1 million) and Unily (raised $68 million).
Staffbase claims its benefits are that it brings collectively cellular worker apps and intranets into one platform, in addition to integrating with the Microsoft 365 ecosystem, in addition to the messaging platform Slack.
Dr. Martin Böhringer, co-founder and CEO of Staffbase, mentioned in a press release: “We provide managers and communications specialists at enterprise companies with the leading digital platform for successful employee communications – a platform that we are expanding very rapidly. The partnership with General Atlantic will further help us achieve this and accelerate our growth, especially in North America.”
Dr. Christian Figge, managing director at General Atlantic, mentioned: “Staffbase is a global pioneer and has developed software that specifically addresses the employee experience, supporting enterprises in transforming internal communications and engagement… Staffbase is a prime example of the quality of entrepreneurship and range of innovative companies with global ambitions emerging out of Germany.”
Staffbase has a workforce of 450 workers all through 11 places, together with workplaces in London, New York, Vancouver, Amsterdam and Berlin.
