- Investors: e.ventures, Capnamic Ventures, and Kizoo Technology Capital
- Real-Time Employee Communication With Mobile-First Approach for Intranets
- European Market Leader With a Global Customer Base
- Expansion of the International Partner Program
Chemnitz, June 18, 2018 — Staffbase, a B2B SaaS company based in Chemnitz, Germany, and New York City, has received $10 million for the further development of its employee app platform. Investors in the company’s third financing round include new lead investor e.ventures in addition to previous investors Capnamic Ventures and Kizoo Technology Capital. “We’re very much looking forward to taking the next step together with e.ventures. Staffbase now has the chance to become the international champion for the next generation of mobile intranets,” said Jörg Binnenbrücker, Partner at Capnamic, along with Matthias Hornberger, CFO of Kizoo.
Sales More Than Quadrupled in the Last Two Years
Investors were convinced by the company’s above-average worldwide growth. With customers such as Brink’s, Deutsche Telekom, Rio Tinto, Siemens, and Smiths Group, Staffbase has more than quadrupled its sales in the past two years. “We were impressed by the rapidly growing international customer base and we look forward to supporting them with our global platform in the U.S. and emerging markets such as Asia and Latin America,” says Jonathan Becker, Principal at e.ventures.
Equally convincing was the high customer satisfaction reported by users of the app, as well as the large number of potential companies—especially those with numerous non-desk workers for whom the employee app is an especially powerful internal communications tool. Becker is convinced: “Staffbase will stir up the attractive intranet market with its mobile-first approach and revolutionize internal communication in the process.”
Capital for Global Growth, Platform, and Partner Program Expansion
The fresh influx of money has set a course for global growth and the further expansion of the employee app. Dr. Martin Böhringer, cofounder and CEO of Staffbase, specified the plans: “On the one hand, we will expand our communication platform with HR Services, and on the other hand, we will position the employee app worldwide as a central front door to the digital workplace. Staffbase complements collaboration solutions such as Slack and Microsoft Teams with a tool for synchronous interaction with all employees in large companies. For many of our customers, being a mobile-first portal makes us the ideal entry point to business applications such as Office 365, SAP, or Salesforce.”
Another focus is on expanding the fast-growing Staffbase Partner Program. More than 30 consulting and technology partners worldwide already support Staffbase customers in the successful introduction of the platform.
Image material free of charge: https://staffbase.com/en/about/press/
Founder Team (from left to right): Frank Wolf (CMO), Dr. Martin Böhringer (CEO), and Dr. Lutz Gerlach (COO) // Licence: Release for media, Source: Staffbase
Logo Staffbase (print and web version) // License: Release for media, Source: Staffbase
Staffbase helps large and distributed companies optimize their internal communication and better understand their employees. Staffbase is based on a simple idea: to make internal communication and services secure and easily available to all employees via branded apps that also work on desktop. Staffbase is the ideal front door for the digital workplace and it can be flexibly expanded thanks to its open development platform. Staffbase customers include Adidas, Audi, Deutsche Bahn, Deutsche Telekom, Siemens, Sparda Bank, and Volkswagen. Staffbase was founded in 2014 by Dr. Martin Böhringer (CEO), Frank Wolf (CMO), and Dr. Lutz Gerlach (COO), and is headquartered in Chemnitz, Germany, with locations in Dresden, Cologne, and New York City.
Founded in 1998, e.ventures is a leading venture capital fund powered by a global network of experienced investors and ambitious entrepreneurs. Headquartered in San Francisco and Berlin, with emerging market partners in Brazil, China, and Japan, the firm invests out of dedicated funds in five geographies and combines a global investment strategy and philosophy with a local presence and insights. Focused at the intersection of consumer internet and software, e.ventures partners with daring founders to disrupt global markets and build category-creating companies across early and growth stages. The e.ventures portfolio comprises various disruptive industry leaders such as Angie’s List (NASDAQ: ANGI), App Annie, Deposit Solutions, Farfetch, Groupon (NASDAQ: GRPN), and Sonos. www.eventures.vc
About Capnamic Ventures
Capnamic Ventures is one of Europe’s leading early-stage venture capital firms, with offices in Berlin and Cologne. The VC invests most of its funds in tech startups in the German-speaking region. Capnamic also joins forces with international co-investors. All portfolio companies are supported through Capnamic’s global network of investors and industry partners. The vast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and IPOs, as well as a strong entrepreneurial track record within the investment team. The general partners are Jörg Binnenbrücker (@bibrue), Olaf Jacobi (@olafjacobi), and Christian Siegele. www.capnamic.com
About Kizoo Technology Capital
Kizoo helps young startup teams grow. As a seed and early-stage investor with a focus on SaaS, Internet and Mobile Services, and Social Applications, Kizoo is happy to share its own longtime experience in development, marketing, and product management in those markets. Current investments include Babbel, mambu, and shyftplan. www.kizoo.com