Leapsome Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Leapsome Strengths, Domain Expertise, and Key Differentiators

Leapsome is recognized as an all-in-one intelligent people enablement platform, catering to the needs of CEOs and HR teams across more than 1500 forward-thinking companies.

As a comprehensive people enablement solution, Leapsome brings together a diverse range of tools and features, encompassing Goals & OKRs Management, Performance Reviews and 360-degree feedback, Development Frameworks, Employee Learning & Onboarding, Employee Engagement Surveys, Feedback & Praise mechanisms, Compensation & Promotions management, and support for conducting effective Meetings. This comprehensive approach empowers organizations to efficiently manage their people-related processes and initiatives, contributing to enhanced employee development and organizational success.

Leapsome Recent Developments

In 2022, Leapsome made substantial strides in product development and experienced significant growth. Their product team consistently met the company's expansion goals, delivering regular platform updates and unveiling the Compensation module. This module empowers HR and People teams to establish scalable processes, supports managers in making informed decisions, and ensures transparent and equitable employee treatment, complementing other modules like Engage, Learn, Reviews, and Align.

Within the Surveys module, Leapsome introduced granular benchmarks that adjust to a company's size, location, and industry for more meaningful comparisons. They also added the Turnover prediction and analysis feature, providing insights to enhance employee retention.

The Learning module expanded through partnerships with GoodHabitz and LinkedIn Learning, offering a diverse array of learning content. Learning analytics were introduced to give administrators and managers deeper insights into employee progress, and the capability to ask open-ended questions in learning paths was added.

In the Perform module, Leapsome enabled external peer reviews and enhanced the calibration process, making it more convenient for managers to conduct reviews. They also introduced an anonymous suggestion box for continuous employee feedback.

Leapsome has introduced a new AI-powered feature, Leapsome AI for Reviews, aimed at enhancing the feedback process for managers and employees. This represents the initial step in leveraging generative AI to optimize feedback within the platform. Users of Leapsome Reviews can activate this feature, which offers recommendations for constructive comments, summarizes feedback, and checks for spelling and grammar errors. The objective is to streamline the feedback process while maintaining evaluation quality, ultimately contributing to a more fulfilling work experience for all. It's essential to note that AI is designed to enhance, not replace, the human role in performance reviews. The future holds exciting possibilities for AI enhancements in performance reviews, with a focus on complementing the manager's role rather than supplanting it.

Leapsome Mergers and Acquisitions (M&A) Activities

After five years of successful bootstrapping, the company announced its first external investment in March, securing a US$60 million Series A funding round led by prominent software investors Insight Partners (USA), in collaboration with Creandum (Sweden) and Visionaries Club (Germany). This public declaration signaled the company's commitment to accelerating the international growth of Leapsome and the development of their people enablement platform.

The guidance, expertise, and investment provided by Insight Partners played a pivotal role in driving the company's expansion activities throughout 2022. Their primary focus was on ensuring sustainable and long-lasting growth that aligns with the company's internal culture and supports their ever-expanding customer base.

Leapsome Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Leapsome applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Leapsome and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Leapsome customers.

Leapsome Key Enterprise and Cloud Applications

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Leapsome Direct vs Indirect sales

Leapsome Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Leapsome Customers

No. of Leapsome Customers: 1500

No. of Leapsome Enterprise Applications Customers: 1500

No. of Leapsome Cloud Customers: 1500

No. of Leapsome Cloud Subscribers: 1000000

In the year 2022, Leapsome played a pivotal role in empowering 1500 innovative businesses across the world to enhance the satisfaction of their teams by implementing transparent, adaptable, and quantifiable processes for enabling their workforce. During this period, Leapsome achieved remarkable financial growth, witnessing a revenue increase of over 100%. Furthermore, the number of individuals benefiting from their platform more than doubled.

As Leapsome continues to expand its clientele and extend its global footprint, with a specific focus on the United States, the satisfaction and contentment of their current customers remain at the forefront of their priorities. Notably, the US stands as the foremost global market for software, making it a strategic area of emphasis for Leapsome. It's worth noting that Leapsome is already actively collaborating with approximately 500 US-based clients who rely on their platform to improve the overall work experience for their employees.

Leapsome Market Opportunities, M&A and Geo Expansions

With a heightened emphasis on recruiting, substantial growth was achieved across all teams and departments throughout 2022 for Leapsome. The global Leapsome team has now reached a total of 150 members, signifying a tripling of their headcount within a single year.

As a consequence of their rapid scaling in 2022, the existing office space in Berlin became inadequate, prompting the opening of a significantly larger office on Brunnenstraße in October. This new office provides an aesthetically pleasing and conducive environment for work, collaboration, and social interactions, further fostering the development of Leapsome and accommodating the growing team.

In another notable development, Leapsome established its inaugural presence in New York City at 135 Madison Ave. The company had previously communicated their intention to expand to the US and open an NYC office when reporting the Series A funding in March. This plan was successfully realized in November, as Leapsome officially announced the launch of Leapsome NYC, commencing with a headcount of 25 employees. Additionally, it was communicated that Jenny, a key figure in the organization, plans to relocate to New York early next year to oversee the scaling of the US business.

Leapsome Risks and Challenges

Internal and external risks, such as scaling challenges and market competition, are inherent in Leapsome's expansion strategy. Ensuring seamless go-to-market execution and maintaining their strong internal culture while pursuing growth are vital to mitigating these risks.

Leapsome Ecosystem, Partners, Resellers and SI

Leapsome announced two significant partnerships that enhance their people enablement platform. The first partnership with GoodHabitz brings a collection of engaging learning content to Leapsome, including five of GoodHabitz's most popular courses, which will be accessible to all Leapsome Learning module users at no cost. Additionally, Leapsome users will enjoy two months of complimentary access to GoodHabitz's full platform.

Recognizing the growing importance of competitive and equitable compensation in a dynamic business landscape, Leapsome has also established a partnership with Mercer, a leading provider in compensation benchmarking. This collaboration integrates Mercer data into the Leapsome platform, enabling users to access crucial information for evaluating employee benefits packages, ensuring fair salaries, aligning with market trends, and maintaining competitiveness. This partnership bolsters Leapsome's compensation framework, providing users with valuable insights to make well-informed and strategic pay decisions.

Leapsome Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: