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Meister, a cloud-based office collaboration software program supplier, right now introduced that it has raised $52 million in a spherical of funding led by personal fairness agency Verdane.
Based in 2006, Meister hasn’t garnered the identical kind of world limelight as others within the area have, however the Austrian firm has amassed a powerful roster of shoppers in its 15 12 months historical past, together with Deloitte, IBM, Dropbox, and SAP. The corporate pitches itself as a “fashionable different to U.S. suppliers,” and with its contemporary money injection is getting down to problem the massive incumbents from the U.S..
So, what does Meister provide, precisely? It has three core merchandise, together with thoughts mapping instrument MindMeister; a process administration app referred to as MeisterTask; and a newly-launched collaborative note-taking app referred to as MeisterNote. Collectively, Meister’s product suite competes with the likes of XMind and Whimsical (thoughts mapping); Trello and Asana (process administration); and Evernote or OneNote (note-taking).
The primary promoting level behind Meister’s suite of merchandise is that they’re are deeply built-in with one another. For instance, customers can launch a undertaking plan in MindMeister after which immediately flip particular person concepts into duties inside MeisterTask.
“We allow groups to fantastically work collectively,” Meister cofounder and CEO Michael Hollauf informed VentureBeat. “With MeisterTask we resolve group alignment and workload administration. With MindMeister, our oldest product, we resolve for inventive collaboration and asynchronous brainstorming.”
The corporate additionally presents enterprise-focused options comparable to single sign-on (SSO), group administration, and direct integrations with Microsoft Groups, Google Workspace, Slack, Zendesk, and extra. And a studies dashboard permits managers to generate personalized studies to visualise group and undertaking efficiency and observe logged time.
Above: Meister studies dashboard
Before now, Meister had solely raised a small quantity of seed funding greater than a decade in the past, and its newest fundraise is especially notable provided that it claims to have been worthwhile since 2008. So why elevate now? As with many large fundraises over the previous 16 months, it largely comes right down to fast progress pushed by the worldwide pandemic — and the necessity to capitalize rapidly. In 2020 alone, Meister stated that it gained 8 million new customers globally.
“There was an enormous and lasting improve of demand for on-line collaboration software program because the pandemic on account of acceleration of digitization efforts in companies and academic establishments,” Hollauf stated. “It’s been a typical aim of Meister’s and Verdane’s to show Meister into an enormous European challenger of the big U.S. corporations dominating the productiveness SaaS market.”
It’s value noting that Meister’s elevate additionally comes at a time when tech expertise from among the world’s greatest expertise corporations are reportedly leaping ship for smaller corporations which are attempting to deal with the ramshackle hybrid work preparations which have emerged from the pandemic. Distant work, it appears, is altering every thing.
Meister at present has a headcount of round 100 workers working in Vienna, Munich (Germany), and Seattle, with plans to broaden to greater than 500.VentureBeat
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