Loopline System, a Berlin, Germany-based HR tech company, raised a single digit million funding round.
Backers included STS Ventures and Fawkes Ventures.
The company intends to use the funds to grow its international sales network and strengthen its presence in the US market.
Led by Nora Heer, founder and CEO, Loopline Systems provides companies with a cloud, project-based team feedback tool to introduce and optimize agile leadership, employee feedback and performance management. The solution allows users to digitize and simplify feedback processes and – through regular, automated surveys – to increase employee engagement and develop ideas that drive the entire organization forward.
In addition, the Loopline Systems Academy offers advice and training on topics such as employee feedback and change management.
The tool is already being used by customers from a wide range of industries with 50 to 10,000 employees in eleven different countries.