The Finnish startup will use the funds to accelerate product development and expansion in the Nordics and other selected markets.
We are incredibly excited to share that we’ve raised 1M USD in the pre-seed funding round led by international VCs and the FiBAN syndicate. This milestone would further strengthen our focus on meeting the needs of growing businesses around work simplification, scalability and affordability.
The funding will be used to develop more innovative business management solutions and for expansion in the Nordics and other selected markets.
Quoting our CEO, Tero Alanen, “As a relatively young startup, we are excited to have garnered a strong network of investors. With the support of our strategic investors, we're accelerating the development of our product and will expand it to other markets. We see a massive opportunity in the Nordics, Europe, the UK, and the US for Taimer. What makes us unique is the capability to serve both small and large customers comprehensively with innovative tools that our users actually love to use.”
We are thrilled to get on-board a globally experienced investment team with the possibility to strategically take the business to the next level.
Reima Linnanvirta, Angel investor and Chair of the board at Taimer
The round was led by international venture capitalist Trind VC (Nordics) as the lead investor, TAO Ventures (Australia), and FiBAN (Finnish Business Angels Network), with participation from several other investing groups and angel investors from the UK, US and Finland. In addition, funding was also provided by Business Finland that supports innovative companies in Finland to go global. FiBAN’s Chair of the Board, Reima Linnanvirta has joined as Taimer’s Chair of the Board.
Kimmo Irpola, Partner at Trind VC had shared earlier, “We are equally excited to lead the pre-seed round for Taimer and have confidence in the experienced management team. What the team at Taimer has developed over the past few years is hugely impressive and we look forward to supporting their vision to create leading-edge business management solutions.”
Reima Linnanvirta, angel investor and Chair of the Board at Taimer further added, “The money will be invested in expanding our team, product, and services in our local and new target markets”.
We have developed Taimer keeping in mind one of the most common challenges that growing businesses face today- to manage different business processes using multiple disjointed apps that do not talk to each other. Our cloud-based business management solutions offer unparalleled performance across all devices. We offer sales and pipeline management, project management, invoicing, time tracking, collaboration, and business intelligence reporting in an all-in-one centralized platform. These solutions cater to the needs of diverse businesses and can be tailored for sales teams, project owners, sole traders, professional service providers, and growing enterprises.
Our exceptional team of leaders and innovators will continue to build and deliver unique and innovative solutions to help small businesses grow and succeed.
Last but not least, we would also like to thank you, our customers, for your ongoing support and trust. We are wholly committed to making Taimer the simplest software that has everything that you look for in a business management solution.
Taimer is an all-in-one business management software that helps businesses simplify work, boost sales and grow effortlessly. Taimer is poised to change the way businesses use technology to manage sales, projects, and finances by offering easy-to-use software that has sales pipeline management, project management, collaboration, invoicing, time tracking, business intelligence reporting, and various other business functions seamlessly working in one centralized solution.
Founded in 2013 by Eero Saarinen, the company is headquartered in Jyväskylä, Finland, and has over 400 customers with 6 000+ active users in 8 countries. Taimer’s customer base includes industry-leading companies in Finland like SEK, Fimpec, Dagmar, Lahdelma & Mahlamaki, and Freshwind.
Taimer was designed and developed by seasoned entrepreneurs and the management team includes Tero Alanen- CEO & Partner, Eero Saarinen- Founder & CTO, and Fredi Palmgren- Co-founder, CIO & CMO.
Trind Ventures is an early-stage VC firm that invests in European technology start-ups with a primary focus on the Baltics and Finland. Trind invests in ICT-driven companies creating a significant impact in their niches with hardworking teams who have attracted happy customers. Its average starting investment in a portfolio company is €0,1M - €0,5M and it can invest up to €3 M tickets in a single company.
Tero Alanen, CEO, @Taimer Oy
Reima Linnanvirta, Chair of the Board @Taimer & FiBAN
Inquiries: press@taimer.com
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