Lendis Secures €80 million Series A

January 21, 2022 –– Lendis, the Berlin-based company offering the operating system for hybrid work, announced a €80 million Series A. The fresh capital will be used to accelerate the expansion of its SaaS solution that helps companies to set up and manage their employees’ equipment and software in the hybrid working world. Lendis has attracted renowned investors Circularity Capital and Keen Venture Partners who lead the round, supported by coparion, HGDF and KPN Ventures. Existing investors HV Capital, DN Capital, and Picus Capital participate as well. The round is structured with €30 million in equity and €50 million in debt. This brings Lendis overall funding to well over €100 million.

Lendis is a winner of the Covid-19 pandemic. The shift to hybrid work has created huge organizational challenges for companies: onboarding, managing and offboarding employees in multiple locations. While companies like Deel and Remote.com support payroll processes, the management of equipment and software has been left out of scope. Lendis is tackling this challenge - its SaaS solution allows companies to digitally set up and manage all their work equipment (e.g. laptops, smartphones, office furniture) and software. Founded 3 years ago, Lendis has equipped over 100,000 employees at more than 1,000 companies, such as Hochtief, Bitburger, Lufthansa, AboutYou, WWF, and Personio.

"We are very excited to work with Circularity Capital, Keen Venture Partners and coparion. They have outstanding experience in scaling SaaS businesses. Additionally, HGDF and KPN Ventures provide a tremendous network into the Telco and IT Hardware market”, explains Co-Founder Stavros Papadopoulos.

“Hybrid work is here to stay. The shift to the new way of working is a big challenge for companies. Lendis is in a strong position to make that transformation work”, says Alexander Ribbink, General Partner at Keen Venture Partners.

“Every year companies throw away millions of tons of work equipment. Lendis’ solution helps companies to change that by giving equipment multiple life cycles, thus increasing resource productivity and making work more sustainable”, says Andrew Shannon, Founding Partner at Circularity Capital.

By 2023, Co-Founders Julius Bolz and Stavros Papadopoulos want Lendis to be the leading operating system for hybrid work in Europe. To achieve this, the team is doubling its Tech and Product teams and is hiring talent across the globe. "At Lendis we work hybrid ourselves and know the challenges of globally distributed teams”, says Lendis’ CTO Jonathan Moreira Zuvic. “With our operating system for hybrid work we want to empower people to work from anywhere they want.”

About Lendis

Lendis was founded three years ago by Julius Bolz and Stavros Papadopoulos and has already equipped over 100,000 employees at more than 1,000 companies. Customers include Enterprises like Hochtief, Bitburger and Lufthansa, but also fast scaling companies like AboutYou, Flink, and Personio. With Lendis' SaaS solution companies can digitally set up and manage all workplace equipment and software for their employees independent of the employees’ location—all in a flexible and sustainable subscription model.