Intranet startup Staffbase announces $145 million financing round
Staffbase, a 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 financing round in the Chemnitz, Germany-based startup 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.
Established in Chemnitz in 2014, Staffbase has become a high-growth, multi-award-winning provider of an internal communications suite, including an employee app, an internal email newsletter tool, and a state-of-the-art intranet platform—all of which are designed to enhance employee communications. Its products are used by over eight million people across more than 1,000 organizations.
Staffbase’s customers include global enterprises and organizations such as Adidas, Audi, BHP, Deutsche Post DHL, Groupon, Hitachi, Ikea, Johns Hopkins University, McKesson, Paulaner, Suncor, Viessmann, and Volvo, among others.
The Staffbase platform enables companies to communicate quickly and effectively with all of their employees?whether through corporate-branded communications, the publication of news items, or measuring communications activities.
The company’s solutions allow for more effective onboarding and enhanced employee engagement, and help employees identify more closely with their employers.
According to Staffbase, the COVID-19 pandemic and proliferation of hybrid working environments have underscored the importance of targeted and agile internal communications, with senior management at major companies increasingly viewing internal communications as an essential strategic tool for connecting with employees and guiding them through this period of digital transformation.
“Our vision is to unite all of a company’s employees through strong internal communications and a shared mission,” said Dr. Martin Böhringer, co-founder and CEO of Staffbase. “To bring this about, we provide managers and communications specialists at enterprise companies with the leading digital platform for successful employee communications?a platform that we are expanding very rapidly. The partnership with General Atlantic will further help us achieve this and accelerate our growth, especially in North America. The strong local team and the expertise it provides are decisive for us.”
For more information, go to www.generalatlantic.com and https://staffbase.com/en.