The Chemnitz-based startup Staffbase has secured a total of 20 million euros in its Series C financing. Luther acted as legal adviserto Staffbase in this financing round.
Staffbase, a technology start-up founded in 2014, provides a mobile communication application that makes a company's intranet available on smartphones, to enable companies to reach in particular mobile employees without stationary computer workplace easily. Staffbase now has more than 200 employees at seven locations.
The investment is led by US venture capital company Insight Partners. The existing investors Capnamic Ventures, KIZOO and E.ventures joined the financing round. The financing will be used for product development and sales and especially to further strengthen Staffbase’s position in the US.