Papershift launches further expansion with Series A financingeCAPITAL NEWS
As part of the Series A, a 7-digit amount will flow into the company founded in 2015 by Michael Emaschow and Florian Suchan.
Papershift has grown from its own cash flow since the seed round in 2015 and now employs an international team of over 50 people. The strong organic growth of recent years shall now be accelerated with the newly raised capital. The decision to bring a very experienced and successful venture capital investor into the circle of shareholders is based on the extraordinary growth potential the company has identified in the market.
We are very excited to welcome the new partner eCAPITAL to the team. We believe that together we have the chance to not only continue the success story, but to take the company into a strong further scaling.
Michael Emaschow, CEO, Papershift GmbH
The numerous satisfied customers from almost all industries and company sizes demonstrate the value Papershift is already delivering in the market. The intuitive usability enables entire teams to be integrated into the shift planning, making Papershift a central platform in its customers’ processes.
We were impressed to see how successfully Papershift has already been able to establish itself in the market in recent years, even without venture capital. Given the additional financial power and our network, Papershift will succeed in becoming a major player in the international human resource management market in the coming years.
Dr. Paul-Josef Patt, CEO, eCAPITAL AG
Papershift is a SaaS solution for planning, tracking and reporting of working time in companies. Founded in 2015 and based in Karlsruhe, Germany, the company currently employs about 50 people and has several thousand customers in over ten European countries. The team’s vision is to help organizations better organize themselves. For example, teams can use Papershift to create duty or vacation schedules, as well as record and evaluate times. In each case, this can be done via mobile apps, a browser, terminals or via the API. The possibilities of Papershift’s software are also enhanced considerably by an open API, integrations with third-party systems, and a dedicated app store with add-ons. Learn more at www.papershift.com/en.
eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 220 million under management and was lead investor of some very successful German exits like sonnen or Novaled. Learn more at www.ecapital.vc.