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Deskbird banks 5 million dollars

Venture capital firms have pledged to invest a total of 5 million US dollars in deskbird. As a result, the St.Gallen company will become one of the best-financed European start-ups in the area of workplace management. With its app, deskbird helps with office administration processes at more than 500 offices in 20 countries.

The Deskbird team is happy about the fresh capital.
The Deskbird team is happy about the fresh capital. Image credit: Deskbird

Deskbird has closed a Pre-Series A financing round in the amount of 5 million US dollars. The round was led by the existing Rapperswil-based investor session.vc in addition to the venture capital firms Fortyone from St.Gallen and Rivus Capital from Germany. Therefore, the start-up has now raised a total of 6.5 million US dollars since being founded in the fall of 2020. According to a press release, this makes it one of the best-financed European Software-as-a-Service (SaaS) start-ups in the area of workplace management.

Deskbird offers an app for companies operating hybrid working models that aims to help them to create more flexible workplaces. On the app, employees can plan their office and home working days, see who is in the office and book desks. Workplace managers receive a bird’s eye view of statistics such as office occupancy and usage rates from deskbird. According to the press release, more than 500 offices in 20 countries are already using the service, including companies such as Schaeffler, Heineken, Knauf and Volksbank

The investment comes on the back of an “outstanding performance” by deskbird, which has posted average growth in excess of 50 percent and a total contract volume of 2 million US dollars just 12 months after product launch. By the end of 2023, the start-up intends to have doubled its workforce to more than 100 employees.

“At session.vc, we have rarely seen a B2B SaaS company generating this much market traction in just one year”, comments Philippe Bubb, Founding Partner of session.vc, in the press release. For his part, Marcel Walker, CEO at Fortyone, takes the view that the “team, timing and traction are right”.

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