Staffbase Raises $115M At A $1.1B Valuation To Help Internal Comms Teams Get Their Message Across
03/15/22, 9:51 AM
Location
chemnitzMoney raised
$115 million
The Covid-19 pandemic, with its by-product of social distancing to help reduce the spread of infection, led to many organizations working in a far more distributed way than they had in the past, and that put a big spotlight on how well companies collaborated and communicated — not just under the circumstances, but as part of their deeper culture. Today, one of the startups building communications tools that saw a big boost in business as a result of that trend is announcing a large round of funding, underscoring its success in filling that need. Staffbase, which helps internal teams craft, send out and measure the impact of their communications with their organizations, has raised $115 million in funding, a Series E that catapults the company’s valuation to $1.1 billion.
Company Info
Location
chemnitz, sachsen, germany
Additional Info
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.