Userlane closes $11.5m Series B financing led by Five Elms Capital

– GERMANY, Munich – Userlane, a leading Digital Adoption Software platform, has successfully completed an $11.5 million Series B financing round led by Five Elms Capital with participation from Series A investors Capnamic, High-Tech Gründerfonds, and main incubator, early-stage investor of Commerzbank Group.

The investment will fuel Userlane’s U.S. and European expansion and accelerate product development with the goal of helping enterprises around the world improve adoption of the growing number of software solutions crucial to running an organization.

“We see that – especially given current market conditions – our customers are introducing software solutions to manage an increasingly remote workforce. Each of these customers is relying on Userlane to help employees adopt software faster and to effectively handle the increased demand for software support. With this new investment, we are able to expand our presence globally and accelerate our product roadmap, all while providing our customers with optimal support across different markets and time zones,” said CEO Hartmut Hahn.

Joe Onofrio, Partner at Five Elms Capital commented, “The need for digital adoption solutions is growing exponentially as enterprises deploy more and more software to manage an increasingly complex and distributed workforce. Hartmut and his team have fostered an incredible culture and built an impressive product, all with limited resources. We are excited to help the company build upon the foundation of success and significantly increase its market presence.”

At the core of Userlane’s technology are interactive step-by-step guides that layer on top of any browser-based software. These guides can be built with no technical knowledge and lead users through complex processes directly in the application. In contrast to video tutorials, Userlane communicates live with software users by using automatically gathered data from the underlying application to guide them through hundreds of actions. Users, through their own actions, can learn how to complete any task within the software platform, which in turn, increases adoption.

About Userlane

Userlane is an award-winning digital adoption platform that helps companies around the world to maximize the adoption and use of software. By implementing interactive in-app tutorials and real-time contextual support Userlane helps users to become familiar with new software. With over 200 customers globally, the company is one of the top 50 tech start-ups in Europe and ranks 26th on the FAZ list of top German companies.

For more information: https://www.userlane.com/

About Five Elms Capital

Five Elms Capital is a global investor in fast-growing B2B software businesses that users love. Five Elms provides capital and resources to help companies accelerate growth and further cement their role as industry leaders.

For more information: https://www.fiveelms.com/

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