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airfocus Raises $7.5M in Funding

Feb 01, 2024 - finsmes.com
Hamburg-based company airfocus has raised $7.5M in funding, bringing its total amount to $15M. The round was led by Newion and included participation from XAnge, Nauta, Riverside Acceleration Capital, and Picea Capital. The company, which provides a modular product management tool, plans to use the funds to support its global expansion in the product management software market.

Co-founded by Christian Hoffmeister, Malte Scholz, and Valentin Firak, airfocus is already used by over 800 businesses worldwide. The platform addresses enterprise challenges like roadmapping, prioritization, customer insights, and OKR alignment with flexibility. The company's CEO, Malte Scholz, stated that the funding is pivotal for the development of their AI-assisted platform, which aims to transform how product managers work.

Key takeaways:

  • airfocus, a Hamburg-based product management tool provider, has raised $7.5M in funding, bringing the total amount to $15M.
  • The funding round was led by Newion and saw participation from XAnge, Nauta, Riverside Acceleration Capital, and Picea Capital.
  • The company plans to use the funds to support its global expansion in the product management software market.
  • airfocus's product is already used by over 800 businesses worldwide, including Caterpillar, The Washington Post, and Orange.
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