Helping companies retain staff and stave off The Great Resignation, Berlin-based Leapsome has raised $60 million in a Series A funding round. The platform aims to improve employee performance and satisfaction through a series of feedback, OKRs, employee engagement, and corporate learning options. The investment will help the startup further accelerate its U.S. market presence while at the same time introducing new products and features.
Designed with flexibility in mind, Leapsome’s modular service helps companies drive employee engagement, performance, and development, by providing HR teams the ability to automate a number of feedback and training processes.
“In their lifetime, a single person will spend around 80,000 hours at work. We want to ensure that all employees can grow and develop during this time,” explained co-founder Jenny von Podewils. “What Millennials want from their job is increasingly changing in the labor market. They seek a strong company culture where they can do impactful and fulfilling work in an environment that supports their development. Employers who fail to meet these expectations will lose their best talent.
Leapsome was designed from the ground up to operate in tandem with any number of corporate tools, today including Slack, Microsoft Teams, Workday, and BambooHR, and is in use by over 1,000 customers including Spotify, Unity, and Mercedes-Benz across Europe, the U.S., Asia, and Australia.
Co-founded in 2016 and bootstrapped ever since, by Kajetan von Armansperg and Jenny von Podewils, Leapsome reports being a profitable company, with revenues tripling in 2021.
“We have always been bootstrapping pragmatically, and not dogmatically, and have continuously assessed the right moment for our first funding round. With the opening of our New York office and our pursuit of rapid expansion in the U.S., that moment is now,” commented von Armansperg.
Leapsome’s first-ever external investment round was led by Insight Partners with Creandum and Visionaries Club participating.
Insight Partners’ Katie Bullard concludes, “Bolstering employee engagement is at the center of every organization’s strategy, and Leapsome has positioned itself as a global market leader in the industry.”
Lead Image: Philippe Linus Petit
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