GERMANY – airfocus, a Hamburg, Germany-based provider of a modular product management tool, raised $7.5M in funding.
The round, which brought the total amount to $15M, was led by Newion with the participation of XAnge, Nauta, Riverside Acceleration Capital, and Picea Capital. Newion has joined existing investors Picea Capital, Klaus Schlumpberger, Christian Heimerl, Paul Schwarzenholz, and Björn Kolbmüller.The company intends to use the funds to support its global expansion in the multi-billion dollar market of product management software.Co-founded by Christian Hoffmeister, Malte Scholz, and Valentin Firak, airfocus provides a modular product management tool that addresses enterprise challenges like roadmapping, prioritization, customer insights, and OKR alignment with flexibility. Already used by over 800 businesses worldwide, including Caterpillar, The Washington Post, and Orange, it is working for innovation and efficiency offering an end-to-end product management platform that enables teams to swiftly and accurately deliver on their goals, leveraging tools and AI for OKRs, roadmaps, and customer insights.Commenting on the news, CEO Malte Scholz said: “This funding is pivotal. We’re not just developing software; we’re 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.”01/02/2024
