airfocus Raises $7.5 Million in Funding

airfocus Raises $7.5 Million in Funding

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.

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.

Funding Details

Company: airfocus GmbH

Raised: $7.5M

Round: Unknown

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