Luther advises Staffbase, the newest member of the German "unicorn" family, on Series E financing round

The financing round was again led by General Atlantic, one of the world's largest growth capital investors. Insight Partners also participated in the round again. With the latest financing, the Chemnitz-based company is now valued at over EUR 1 billion and thus moves into the small circle of German "unicorns".

Luther had already advised Staffbase on the Series C and Series D financings. Luther also recently supported Staffbase in the acquisition of the Finnish company Valo Solutions, the leading provider of intranets and digital workplaces based on the Microsoft applications Teams and SharePoint.

“Philipp Dietz and the Luther team's advice and counsel have been critical to the continued growth of Staffbase. With this Series E as with all their work with Staffbase, the Luther team were practical, focussed, and diligent. They've truly become trusted business advisors and an extension of our in house legal team at Staffbase”, says Jordan S. Hatcher, General Counsel at Staffbase.

About Staffbase:

Staffbase, headquartered in Chemnitz, Germany, with offices in New York, Amsterdam, London, Vancouver, Kelowna, Munich, Leipzig, Berlin, Dresden and Cologne, among others, was founded in 2014 and is one of the world's leading providers of a communication platform for improving employee communication in companies. Staffbase has more than 600 employees worldwide and more than 2,000 customers with over 13 million end users.

On behalf of Staffbase:

Inhouse: Jordan Hatcher (General Counsel), Christina Brunner (Senior Corporate Counsel)

Luther, Corporate/M&A & Venture Capital: Philipp Dietz (Partner), Dr Gregor Wecker (Partner), Michael Ströbel (Senior Associate), Dr Louisa Kimmig (Associate)