Staffbase receives 122 million euros

The start-up from Chemnitz has completed its financing round and entered into a strategic partnership with investor General Atlantic.

Staffbase already sees itself as a leading provider of digital solutions for internal corporate communication. With the financing round of 122 million euros that has now been completed and the partnership entered into with General Atlantic, the start-up aims to further expand its position in the market. As part of the new partnership, Achim Berg, Operating Partner at General Atlantic and President of the digital association Bitkom, will join the advisory board of Staffbase, as the start-up announced today. The existing investors Insights Partners and e.ventures also participated in the financing round. Kizoo and Capnamic Ventures remain invested.

"We have been following this exciting company for some time and are now looking forward to supporting the founders and management team in expanding their global market leadership," says Christian Figge, Managing Director at General Atlantic. Staffbase co-founder and CEO Martin Böhringer hopes that the partnership will enable him to further expand his start-up's position, particularly in North America.

Staffbase was launched in 2014 as a software provider. The start-up develops employee apps, internal email newsletters, tools and intranets to improve employee communication. Over 1,000 organizations - more than eight million people - already use the start-up's products. These include Adidas, Ikea, Johns Hopkins University and Volvo.