airfocus, a Hamburg, Germany-based SaaS startup that offers a product management platform, closed $7.5 million in funding.
The round was led by Newion with participation from XAnge, Nauta, Riverside Acceleration Capital, and Picea Capital.
Newion is an Amsterdam-based venture capital firm focused on early-stage investments in B2B software companies in North-West Europe.
airfocus Use of Funds
The company will use the funds to support its global expansion in the product management software market.
Founded in 2017 by Malte Scholz, Christian Hoffmeister, and Valentin Firak, airfocus is a modular product management platform that is tailored for product teams to use for market-facing products, internal product management, and IT portfolio management. The company's platform leverages tools and AI for OKRs, roadmaps, and customer insights. Over 800 businesses worldwide use the software, including Caterpillar, The Washington Post, and Orange.
Company: airfocus GmbH
Funding Month: January 2024
Lead Investors: Newion
Additional Investors: XAnge, Nauta, Riverside Acceleration Capital, and Picea Capital
Company Website: https://airfocus.com/
Software Category: Product Management