Staffbase, a main provider of digital solutions for internal communications, and General Atlantic, a global growth equity firm, today reported an essential partnership. General Atlantic is driving a $145 million (?122 million) financing round in the Chemnitz, Germany-based start-up to assist the organization with developing and fortify its global leadership in the employee engagement space. Existing investors Insight Partners and e.ventures will likewise add to this round of financing, KIZOO and Capnamic Ventures remain contributed. As a feature of the partnership, Achim Berg, Operating Partner at General Atlantic and President of Bitkom, Germany’s digital affiliation, will join the advisory board of Staffbase.
The Story Of Staffbase And Its Growth
Set up in Chemnitz in 2014, Staffbase has become a high-growth, multi-award-winning provider of an internal communications suite, including an employee application, an internal email newsletter tool, and a cutting edge intranet platform ? which are all intended to improve employee communications. Its products are utilized by more than 8,000,000 individuals across in excess of 1,000 associations. Staffbase’s clients incorporate global endeavors and associations like Adidas, Audi, BHP, Deutsche Post DHL, Groupon, Hitachi, Ikea, Johns Hopkins University, McKesson, Paulaner, Suncor, Viessmann, and Volvo, among others.
The Staffbase platform empowers organizations to impart rapidly and successfully with the entirety of their employees ? regardless of whether through corporate-marked communications, the distribution of information things in a quick and dependable way, or adequately estimating communications exercises. The organization’s solutions take into account more compelling onboarding and improved employee engagement, and assist employees with distinguishing intimately with their employers. The COVID-19 pandemic and expansion of hybrid work spaces have underscored the significance of focused and deft internal communications, with senior management at significant organizations progressively seeing internal communications as a fundamental vital tool for associating with employees and directing them through this time of digital transformation.
Dr. Martin B?hringer, Co-Founder and CEO of Staffbase, said, “Our vision is to join the entirety of an organization’s employees through solid internal communications and a common mission. To achieve this, we give chiefs and communications experts at big business organizations with the main digital platform for fruitful employee communications ? a platform that we are growing quickly. The partnership with General Atlantic will additionally assist us with accomplishing this and speed up our growth, particularly in North America. The solid neighborhood group and the mastery it gives are conclusive to us.”
Staffbase has a global workforce of 450 employees all through 11 areas, remembering its headquarters for Chemnitz and workplaces in London, New York, Vancouver, Amsterdam, and Berlin. Toward the beginning of March, the organization converged with Bananatag, Canada’s driving provider of internal communications solutions. The consolidated organization is one of the world’s biggest and quickest developing providers of forefront internal communications programming. Because of the consolidation, the Staffbase suite with an employee application and intranet was extended to incorporate a local answer for email communications and closer integration with collaboration tools like Slack and Microsoft 365, including Microsoft Teams and SharePoint.