This week, Hamburg-based startup airfocus closed a $7.5 million fundraising round, bringing the company’s total funding close to $15 million.
Building and maintaining large software portfolios across various teams has become a key challenge. Product management has emerged as the preferred approach for aligning portfolios and teams with a unified vision and strategy. This is essential for meeting customer needs effectively.
Malte Scholz, co-founder and CEO of airfocus, detailed:
“Sales teams have CRMs, developers have Git, and yet product managers are often left juggling multiple spreadsheets and scattered tools but are still expected to deliver impactful results.”
Airfocus is an end-to-end product management platform. It enables teams to swiftly and accurately deliver on their goals, leveraging tools and AI for OKRs, roadmaps, and customer insights.
Over 800 businesses worldwide use the software, including Caterpillar, The Washington Post, and Orange.
Newion led the round with the participation of XAnge, Nauta, Riverside Acceleration Capital, and Picea Capital.
Mathijs de Wit, partner at Newion shared:
“airfocus’ flexibility-first approach is indispensable for enterprises navigating digital transformation. This is more than funding; it empowers organisations to evolve and scale.”
According to Scholz:
“This funding is pivotal. We’re not just developing software but crafting a unified Product Operating System.
Our AI-assisted platform will transform how product managers work. Decision-making becomes more efficient and impactful supported by a single source of product truth.”
The funds raised will support the company’s global expansion in the multi-billion dollar market of product management software.
Lead image: Airfocus. Photo: uncredited.