Stockholm-based venture capital Creandum invested $60 million Series A in Leapsome, a developer of performance management and employee engagement software in Germany. The round was led by Insight Partners. Alongside Creandum, Visionaries Club also participated in the round. The platform is targeting to secure its position in the American market while increasing employee performance and satisfaction. To do this, the company will not just focus on existing products but also come up with new ones and features.
Founded in 2003, early-stage venture capital firm Creandum‘s many investments have turned into unicorns including Sweden’s audio streaming and media services provider Spotify, again Swedish financial technology company iZettle, another Berliner TradeRepublic, Norwegian edtech Kahoot, Swedish fintech Klarna, etc.
Raising $60 million to further develop their people enablement platform
Thanks to the trust of their customers, their stellar team, and highly efficient business processes, Leapsome has been profitable from the get-go. They’re growing fast, and their revenue more than tripled in 2021. In 2022, they’re doubling down on their thriving business in the United States by inaugurating an office in New York City.
It was the perfect moment to unite with partners who strongly believe in their mission and raise their first round of external investment. With a $60-million Series A funding round from leading software investors Insight Partners (USA), alongside Creandum (Sweden) and Visionaries Club (Germany), they’ll accelerate Leapsome’s international growth and the development of their people enablement platform.
Their mission to make work more fulfilling for everyone
In 2016, they joined forces to bring a shared vision to life: making work more fulfilling for everyone. Having witnessed the growing pains of fast-paced companies, they knew that people enablement was the secret to a thriving organization.
And they also knew that organizations (and the people behind them) will not reach their full potential without the right processes to support a feedback- and learning-oriented culture and clear goals that create strategic alignment. Their way to bring this vision to life was to develop Leapsome: a cutting-edge platform for people enablement processes — including feedback, OKRs, employee engagement, and — crucially — ongoing learning.
With Leapsome, companies are better equipped to fight the Great Resignation and give employees what they seek: a strong company culture where they can do impactful work, develop their skills, and grow. They’re so proud that 1,000+ companies worldwide — including giants like Spotify, Unity, and Mercedes-Benz — have already embraced their vision.
This is just the beginning. They’ll continue to do their part in improving workplace cultures and in making the 80,000 hours an average person spends at work in their life more fulfilling. The world of work is evolving, our industry is changing, and they’re thrilled to see what they’ll achieve with their brilliant team and forward-thinking customers in the years to come.