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In 2017 , Malte Scholz , then a project manager at a 200 - person startup , was struggling to find a production management tool that work both for him and the teams under his horizon . After navigate a few solutions , he eventually decided to create his own — and built a business around it .
That turned out to be a impudent move .
Today , Scholz ’s business , Airfocus , has ~800 customers , including Caterpillar , The Washington Post and Orange , and annual recurring revenue hovering around the “ individual - digit ” meg , according to Scholz .
Evidently proud of with the momentum , investors are pouring money into Airfocus , most latterly in the form of a $ 7.5 million tranche conduct by Newion with participation from XAnge , Nauta , Riverside Acceleration Capital and Picea Capital . ( To escort , Airfocus has raised $ 15 million . )
“ Despite the broader retardation in tech , we ’re in the rosy spot of still experience speedy outgrowth , ” Scholz secernate TechCrunch in an electronic mail audience . “ Our operations are effective , with a burn rate in the low six figure — positioning us well to navigate any potential challenge in front . ”
Airfocus , which Scholz co - founded with Valentin Firak and Christian Hoffmeister , render a modular platform with workspaces and templates for production management usance case . Using Airfocus , team can track progress and OKRs in one place and construct Cartesian product roadmaps , which can be consolidate into Cartesian product portfolios .
Scoring model within Airfocus help prioritise goals , Scholz says , while a splasher to consolidate insights from various communication channel ( e.g. a substance abuser feedback form ) help inform next steps . All roadmaps , plans and launching calendar can be share internally or outwardly via mark front - end portals configured to bear feedback .
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“ production handler often juggle spreadsheets and disjointed peter , shinny to align execution with strategy , ” Scholz said . “ Our resolution [ is a weapons platform ] that ’s flexile enough to become each team ’s unequaled needs while ensure strategical alignment and efficiency … Airfocus [ leave ] a incorporate scheme that adapts to diverse work flow , help manage strategy , OKRs , user needs , prioritization and squad alignment with clear roadmaps . ”
Now , Airfocus is n’t the only company on the stoppage go after the production direction package market . Outside of incumbents like Aha , there’sCycle , for example , andProductBoard .
But Airfocus is n’t resting on its honor .
Scholz says that the companionship , which a source familiar with the matter tells TechCrunch is valued in the “ bivalent digit ” billion presently , is investing in “ significant ” enterprise feature like team fields , a public API , AI functionality for feedback processing and drug user sixth sense and integrations with third - company scheme such as Miro and Figma . Airfocus also intends to launch a new peter , Airfocus Docs , project to serve mathematical product managers say product scheme and steering .
“ The cap we ’ve raised will back key opening including update our messaging , scale our outward-bound sales to attract larger customer and refining our enterprise playbook for land major deals , ” Scholz said . “ Our elemental goal are to significantly grow revenue while keep monetary value efficiency , becoming the leading end - to - end merchandise direction chopine and creating an surround focused on employee happiness and high performance . ”
Airfocus , which currently has 46 employees , project to end the year with between 60 and 80 , focusing on its growth , sales event and customer winner team .
