Betting big on remote working, Filestage raises £2.5M for agile online proofing solution

Filestage founders Image credits: Filestage

As businesses are adapting to the digital transformation, online proofing is a core process right now. Which means, the secure process of reviewing and approving creative work using an internet workflow, normally driven by online proofing software. Companies collaborate remotely unlike never before to produce more content than ever, thereby dealing with regulations quite often. This is where Filestage, an online proofing SaaS platform based in Stuttgart, Germany comes to play.

Series A funding from Newion

In a recent move, Filestage just announced that it secured €2.8M (nearly £2.5M) Series A funding in a round led by Newion, an Amsterdam-based venture capital firm along with existing investor HTGF and Seed+Speed by celebrity Carsten Maschmeyer.

Niklas Dorn, CEO and Co-Founder of Filestage said: “We will use the funding to invest in our product and make existing and new customers even more intelligent with AI driven reviews and analytics. We will also continue to invest in integrations and partnerships to ensure seamless customer workflows.”

Patrick Polak, Managing Partner of Newion said: “Filestage is top rated by their 530.000 users who share PDF’s, documents, videos, images and audio files. We are excited to join Filestage on their journey to market leadership and seeing them welcoming many more customers in marketing, communications, sales, R&D and legal for the best user experience.”

Dominik Lohle, Investment Manager at HTGF said: “We are proud to participate again in this investment round. We believe Online Proofing will be a commodity in the next few years and we have seen Filestage is well underway to become the global market leader in this space.”

Carsten Maschmeyer, Founder & Managing Director at seed+speed said: ”95% of the companies still use email and legacy commenting tools like Adobe Acrobat, MS Office and Dropbox to share and discuss content but I am convinced that successful companies will invest in online proofing software more and more, to avoid email chaos and be effective.”

Disruptive online proofing for businesses

Filestage was founded in 2015 by Niklas Dorn, Maël Frize and Simon Kontschak. Currently, Filestage lets online proofing in less than half the time, which is beneficial for businesses. Filestage operates across countries such as Canada, Colombia, France, Germany, India and Spain serving nearly 530.000 users in 195 countries.

Filestage is used by various brands such as Sharp, Sixt, dm, GroupM, Head, Ab-InBev, Lufthansa, Rabobank and Cambridge University Press use Filestage as the efficient and compliant way of sharing, reviewing and approving tons of content every day. One of the customers Braun Medical Devices said they have reduced their review turnaround time by over 75% with Filestage.