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[Funding alert] Hamburg-based airfocus Secures $7.5Million in Funding

Feb 1, 2024 | By Startup Rise EU

Hamburg-based airfocus secures $7.5million in funding. Led by Newion, the round raised a total of $15 million; XAnge, Nauta, Riverside Acceleration Capital, and Picea Capital also participated.

Hamburg-based airfocus secures $7.5million in funding. Led by Newion, the round raised a total of $15 million; XAnge, Nauta, Riverside Acceleration Capital, and Picea Capital also participated.

In addition to current investors Björn Kolbmüller, Paul Schwarzenholz, Christian Heimerl, Klaus Schlumpberger, and Picea Capital, Newion has joined them. The money will help the business expand internationally in the multibillion dollar product management software market.

Read also - Traveltech Company Amadeus Acquired Vision-Box

Airfocus, a modular product management platform co-founded by Christian Hoffmeister, Malte Scholz, and Valentin Firak, offers a flexible solution to business problems including roadmapping, prioritizing, consumer insights, and OKR alignment.

It is working for innovation and efficiency, offering an end-to-end product management platform that enables teams to quickly and accurately deliver on their goals by leveraging tools and AI for OKRs, roadmaps, and customer insights. Currently, over 800 businesses worldwide, including Caterpillar, The Washington Post, and Orange, use it.

Read also - Switzerland-based Spiden Secures $15Million in Additional Funding

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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.”

About airfocus

Designed primarily for use by product teams for market-facing products, internal product management, and IT portfolio management, airfocus is the first and only modular product management platform available.

Read also - Stockholm-based Version Lens Secures Pre-Seed Round Funding

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