Leapsome receives $60 million

Until now, the founders have financed their start-up themselves. With the upcoming expansion in the U.S., they are bringing investors on board for the first time.

Leapsome has closed a Series A financing round of $60 million. Insight Partners led the round, with Creandum and Visionaries Club also participating. This is the first time the start-up has received outside capital - previously it had been financed exclusively via bootstrapping.

Kajetan von Armansperg and Jenny von Podewils founded Leapsome in 2016, and the startup offers its customers a platform that improves the feedback and learning culture in companies. The software can also be linked to platforms such as Slack, Microsoft Teams, Workday or Personio. By its own account, Leapsome is already profitable and tripled its revenue in the last fiscal year. Its customers include companies such as Spotify, Unity and Mercedes Benz.

The timing of the funding round is no coincidence: Leapsome wants to open an office in New York and expand further in the US. It also plans to add new products. "We are very excited to partner with Insight Partners and also with Creandum and the Visionaries Club. The funding will enable us to expand faster into international markets and further develop the platform to achieve our mission of making work more fulfilling," says Leapsome co-founder and co-director Kajetan von Armansperg.