Meister plans to use the funding to hire an additional 400 employees. Here are the top-line bullets you need to know.
Meister, a cloud-based workplace collaboration platform, has raised $52M in a private equity round with participation from Verdane Capital.
How’s the company performing?
- Germany-based Meister offers MindMeister (an integrated suite of productivity and collaboration tools), MeisterTask (a mind mapping tool), a task management app, and MeisterNote (a collaborative note-taking application).
- The company supports direct integration with Google Workspace, Microsoft Teams, Slack, and Zendesk, among other digital collaboration tools.
- Meister has over 25M global users, of which 8M have been added in 2020 alone. It currently has around 100 employees.
- Its customers include large corporations like SAP, IBM, Deloitte, Ritter Sport, Dropbox, and more.
Why does the market matter?
- The global task management software market is projected to grow at a CAGR of 13.3% to reach a value of $4.54B by 2026, according to Fortune Business Insights.
- Digitization acceleration by businesses and educational institutes, the rise in remote work due to the pandemic, increasing demand for data privacy and protection have all contributed to the growth of the industry.