Total amount raised
$60 Millions
Latest funding date
3/1/2022
Location
Leapsome has successfully raised significant funding through multiple rounds, with notable investors such as Insight Partners and Visionaries Club backing the company. The platform offers a comprehensive suite of HR tools designed to enhance performance and engagement through AI-powered insights.
Continue reading to delve into the details of Leapsome's funding journey and the strategic investors supporting its growth.
What Is Leapsome?
Leapsome, founded in November 2016, is a Berlin-based company specializing in AI-powered HR software. The platform is designed to unify HR processes and drive performance and engagement.
Co-founded by Jenny Podewils and Kajetan Armansperg, Leapsome offers tools for performance management, employee engagement, and learning. The company aims to enhance workplace productivity through features like feedback, OKRs, and employee surveys.
With a team of 101-250 employees, Leapsome continues to grow, providing innovative solutions to modern HR challenges. The company has offices in Berlin, Germany, and New York, USA.
How Much Funding Has Leapsome Raised?
- Series A
- Amount Raised: $60M
- Date: March 2022
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Leapsome's presence in the US market and introduce new products.
- Non-Equity Assistance
- Amount Raised: -
- Date: June 2021
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development through non-equity assistance.
Total Amount Raised: $60M. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm based in New York. They manage over $90B in regulatory assets and have a portfolio of more than 600 companies.
- Investment Focus Areas: High-growth technology, software, Internet startups.
- Notable Investments: Twitter, Shopify, DocuSign.
- Creandum
- Details: Creandum is a European venture capital firm that invests in early-stage technology companies. They have offices in Stockholm, San Francisco, London, and Berlin.
- Investment Focus Areas: Consumer internet, software, fintech.
- Notable Investments: Spotify, Klarna, iZettle.
- Visionaries Club
- Details: Visionaries Club is a European venture capital firm focused on B2B software and technology companies. They are backed by leading European digital founders and family business entrepreneurs.
- Investment Focus Areas: B2B software, technology.
- Notable Investments: Personio, Miro, Choco.
- Google for Startups
- Details: Google for Startups is an initiative by Google to support startups through resources, mentorship, and funding. They aim to help startups grow and scale their businesses.
- Investment Focus Areas: Technology, innovation, entrepreneurship.
- Notable Investments: Not publicly disclosed.
What's Next for Leapsome?
Leapsome is poised to capitalize on the burgeoning global OKRs software market, projected to reach $1.8 billion by 2028. With a strong foothold in Europe and plans to enhance its presence in the US, the company is well-positioned to leverage its integrations with popular corporate tools like Workday and Slack. The recent $60M Series A funding will fuel these expansion efforts and the introduction of new products.
Future fundraising opportunities seem promising, given the company's tripling revenue in 2021 and the growing demand for real-time analytics in HR processes. However, Leapsome will need to navigate challenges such as stiff competition from 15Five, Lattice, and Culture Amp, and the complexities of scaling operations across diverse regional markets.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Leapsome and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
