From Dealroom · · 40s
Staffbase Secures €50M Credit Line
Staffbase gets €50 million credit line from J.P. Morgan and KfW to boost growth.
In brief
Staffbase gets €50 million credit line from J.P. Morgan and KfW to boost growth. Staffbase secured a €50 million revolving credit facility from J.P. Morgan and KfW to accelerate growth and cover working capital needs. Originally reported by Dealroom.
Quick answers
- What's the deal?
- Staffbase, the Chemnitz-based employee communications software maker, has secured a revolving credit facility of up to €50 million from J.P. Morgan and KfW.
- What's the endgame?
- Staffbase will use the line to accelerate growth, broaden operations, and cover general corporate and working capital needs.
- What is the key takeaway from Staffbase Secures €50M Credit Line?
- Staffbase secured a €50 million revolving credit facility from J.P. Morgan and KfW to accelerate growth and cover working capital needs.
What's the deal?
Staffbase, the Chemnitz-based employee communications software maker, has secured a revolving credit facility of up to €50 million from J.P. Morgan and KfW.
What's the endgame?
Staffbase will use the line to accelerate growth, broaden operations, and cover general corporate and working capital needs.
The signal
At €50 million, the facility ranks near the top of German enterprise software debt rounds, in the 91st percentile of 692 comparable deals.
At a glance
Staffbase secured a €50 million revolving credit facility from J.P. Morgan and KfW to accelerate growth and cover working capital needs.
