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122 million euros for Chemnitz-based start-up Staffbase

March 31, 2021


Abstract : Staffbase has raised the equivalent of 122 million euros (145 million US dollars) from investors in a financing round.

Staffbase, a start-up based in Chemnitz, a city in the eastern German state of Saxony, has raised the equivalent of 122 million euros (145 million US dollars) from investors in a financing round. The money is to be used to drive international growth, the company announced on Monday. According to the statement, most of the money is coming from the US-based investor General Atlantic, with which Staffbase is also entering into a strategic partnership. Founded in 2014 in Chemnitz, Staffbase offers solutions for internal corporate communications - including employee apps, mail newsletters, and intranets. According to the company's own information, Staffbase employs around 450 people at 11 locations, including London, New York, and Vancouver. Its headquarters are in Chemnitz. At the beginning of March, the company merged with Bananatag, a Canadian provider of internal corporate communications.



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