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General Atlantic Leads $145 Million Financing Round In Staffbase

Mar 29, 2021•over 4 years ago

Amount Raised

$145 Million

Chemnitz

Description

Staffbase, a leading provider of digital solutions for internal communications, and General Atlantic, a global growth equity firm, today announced a strategic partnership. General Atlantic is leading a $145 million (€122 million) financing round in the Chemnitz, Germany-based start-up to help the company grow internationally and strengthen its global leadership in the employee engagement space. Existing investors Insight Partners and e.ventures will also contribute to this round of financing, KIZOO and Capnamic Ventures remain invested. As part of the partnership, Achim Berg, Operating Partner at General Atlantic and President of Bitkom, Germany’s digital association, will join the advisory board of Staffbase.

Company Information

Company

Staffbase

Location

Chemnitz, Sachsen, Germany

About

The funding comes on the heels of the company reaching 2,000 enterprise customers, covering some 13 million workers in all. Staffbase will be using the funding to continue building out more integrations and functionality across its product — with a specific focus on integrating Microsoft’s full 365 suite — as well as continue expanding its business overall from its base in Chemnitz, Germany. Workplace training and education has yet to be an area that Staffbase has explored, Böhringer said, although it is an obvious evolution for the platform, given that gamification has long been seen as one way of engaging staff around new policies and news.

Funding Insights

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