Staffbase Acquires Employee Survey Company teambay and Raises $12M

Staffbase, the mobile-first communications software that engages disconnected and distributed workforces, announced it has acquired Berlin, Germany-based employee survey company teambay. To support the ambitious platform strategy and further growth, Staffbase has raised $12 million in additional funding from all existing partners – Insight Partners, e.ventures, Capnamic Ventures, and Kizoo Technology Capital.
“The acquisition of teambay closes the loop for internal comms and HR to work together to understand how employees feel as part of the employee experience, and drive engagement at the same time. Blending teambay’s employee survey function into Staffbase solutions helps organizations to move from feedback to action within a single platform,” says Staffbase CEO and Founder Martin Böhringer. “Our clients often come to us because they urgently need to transform their business. With the addition of the teambay capabilities, Staffbase will offer an even more integrated employee experience platform, and simplify work for internal comms and HR.”
teambay helps create modern working environments by engaging employees with customizable surveys. This provides HR and internal communications professionals with fast and in-depth insights that drive change. Regular pulse checks can be conducted on a variety of topics including important company initiatives, work environment satisfaction, managerial success, overall company culture, and more. Survey results help stakeholders understand gaps in engagement, and see where action is needed to transform their business.