Staffbase, which provides an intranet-style internal communications platform for companies, has raised a $145 million (€122 million) financing round led by General Atlantic, a growth equity firm. Existing investors Insight Partners and e.ventures also participated in the round.
Started in Chemnitz in Germany in 2014, Staffbase has managed to onboard over 1,000 clients including Adidas, Audi, BHP, Deutsche Post DHL, Groupon, Hitachi, Ikea, Johns Hopkins University, McKesson, Paulaner, Suncor, Viessmann, and Volvo, among others.
In early March this year, the company merged with Bananatag, the Canadian provider of internal communications solutions.
The COVID-19 pandemic has of course accelerated the adoption of digital tools for companies, so Staffbase is reaping the benefits of that shift. The company’s main competitors include Dynamic Signal (raised $114.8M) and Social Chorus (raised $47M). In the category of intranets, competitors include Simpplr (raised $29.1M) and Unily…