Danish startup Templafy announced today in a company press release that they’ve secured $25 million from a Series C funding round led by global venture and private equity firm Insight Partners to accelerate it’s businesses’ international growth.
The capital raised for Templafy also came from Dawn Capital, Seed Capital, and Damgaard Company, bringing the total external capital raised close to $70 million.
Jesper Theill Eriksen, CEO, Templafy expressed his excitement of the secured funding by saying: “Now more than ever, we see the need of global enterprises to support their distributed workforce with solutions that ensure productivity and compliance when documents are created,”
Templafy plans to use the capital from the funding round to help acquire and merge with other businesses, innovate their current suite of products, and double the number of team members from 200 to 400.
Founded in 2014 in Copenhagen, Denmark, Templafy now has offices in New York, Berlin, and Eindhoven, has doubled its revenue in the past 12 months, and sold over 2 million of its product licenses worldwide.
Eriksen continued: “We set out to establish a new market category and create a high return on investment for companies streamlining their document creation workflow through our platform.”
The additional capital comes at a handy time for Templafy with cloud-based companies seeing a surge in use due to travel restrictions as a result of COVID-19 and having to remote work.
By using Templafy companies can create new company-branded documents that comply with their policies and act as a centralised platform with up-to-date branded assets such as company headed paper, legal disclaimers, templated NDA’s, and more.
Jonathan Rosenbaum, vice president, Insight Partners gave reasoning to their investment by saying: “Templafy’s software represents a unique nexus of both end-user productivity and document compliance. This is what allows its customers to see real efficiency gains across an entire employee base.”
Templafy joins a roster of other companies who’ve secured funding during the COVID-19 pandemic which includes Adverity, Blue Prism, and H1 Insights, all of which can reduce business expenses in time and resources.
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