Portfolio company Templafy, has just closed a $25 million Series C funding round led by global venture capital and private equity firm Insight Partners along with Seed Capital and other existing investors to accelerate its international growth.
“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,” said Jesper Theill Eriksen, CEO of Templafy. “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.”
With Insight Partners at the helm, the additional funding involved participation from us at Seed Capital, Dawn Capital and Damgaard Company, bringing the total external capital raised to almost $70 million.
Seed Capital has been a part of Templafy’s journey since its beginning in 2014 — and a lot has happened since! Templafy is today one of the fastest growing IT companies in Scandinavia, with a goal to eliminate and solve document anarchy. This is more relevant now than ever, as companies are forced to quickly adapt to remote working owing the COVID-19 crisis.
‘’As Templafy’s first investor, we are thrilled to see how fast Templafy has evolved and grown. The performance of Templafy and the team is impressive on all parameters. With their deep domain knowledge Templafy is now unleashing its full potential and this round will pave the way for accelerating its growth in international markets.’’ Says Lars Andersen General Partner at Seed Capital and Templafy board member about the investment.
In the past year alone, Templafy more than doubled its revenue and has now sold over 2 million Templafy licenses worldwide, validating the broad market need for its platform.
“With our recent investment, we can accelerate our global expansion and continue our M&A activities to further strengthen our position at the center of the document ecosystem,” said Theill Eriksen.
As part of its international growth strategy, Templafy recently expanded its footprint in New York City, moving into the One World Trade Center, and also made its first U.S.-based C-suite hire with the appointment of Greg Sheppard, formerly of TravelClick, to the role of chief revenue officer (CRO) to oversee Templafy’s rapid expansion in the North American market.
“I’m thrilled to be joining Templafy as we prepare to drive the next phase of growth in North America, and I look forward to working with the entire team to help our business and customers succeed” said Sheppard.
Templafy helps many of the largest companies in the world drive workforce alignment, reduce their liability and increase their productivity through the market leading document creation and document automation platform.
Founded in Copenhagen, Denmark in 2014, Templafy’s team leveraged more than 15 years of experience in template management and document automation to develop an enterprise cloud service solution, which is now a global market leader within its category, validated by blue-chip enterprise customers on every continent.