Fast-growing global tech company garners new investment as enterprise customers increasingly seek Document alternatives to disconnected document tech stacks to power the hybrid workforce.
Templafy, the leading content enablement platform that aligns workforces and helps people create on-brand, high-performing business content faster, today announced the closure of a $60 million investment. This marks a significant milestone in its journey to pioneer the content enablement category and help enterprises connect their content across the tech stack.
The investment was led by Blue Cloud Ventures with participation from us at Seed Capital and all previous investors such as Insight Partners, Dawn Capital and Damgaard Company. This raise brings Templafy to a total of $125 million in funding as it races to fulfill its mission to ensure content like documents, presentations and emails can do its primary job for organizations: drive business.
“As the future of work unfolds, Templafy has a unique opportunity to redefine how enterprise organizations manage, produce and utilize business content like documents, presentations and emails,” said Jesper Theill Eriksen, CEO of Templafy. “We believe the hybrid workplace needs a tech stack that’s more integrated and intuitive; one that supports employees in their efforts to contribute high-value work, whether they’re in office or remote. Content enablement is emerging as a critical element to these tech stacks, and this recent investment supports our efforts in pioneering this category.”
“Templafy is solving an all-too-common, yet frequently overlooked problem for organizations: disconnected content,” said Mir Arif, Managing Partner at Blue Cloud Ventures. “While the term may be new, the problem itself is not. When company content isn’t integrated to the applications where employees work, organizations experience disconnected content which can cause several damaging issues including loss of compliance, a drag on efficiency and ultimately a negative impact on business performance. The ambition to solve disconnected content for all enterprises combined with a ripe market, an operationally strong team and a powerful, user-friendly platform makes Templafy an exemplary partner.”
This investment comes just 14 months after Templafy’s Series C round. As the world has navigated massive transformations in the workplace, Templafy has continued to see customers turn to content enablement as a solution, with 121% increase in net new ARR additions in Q1 2021 compared to Q1 2020 and quadrupling of the customer base since Q1 2020. Investing in a strong team has been central to the organization’s success, specifically with the key hires of Cynthia Stephens as Chief Financial Officer, Robin Stimac as Chief Product Officer, and an overall team growth of 68% since April 2020.
‘’As the first VC investor on board we are amazed by how fast Templafy has evolved and grown, and impressed by the team’s performance and ability to execute.’’ said Lars Andersen, General Partner at Seed Capital and Templafy board member. ‘’We congratulate the team on securing a substantial D round which will pave the road to becoming a category winner internationally. We are also happy to welcome Blue Cloud Ventures as new investor in this exciting venture.’’
“We’ve seen Templafy’s technology step into an even more central role for enterprises over the last year as everyone grapples with the right tech solutions for the future of work,” said Jonathan Rosenbaum, Principal at Insight Partners and Templafy board member. “The ability to ensure content and its creation actively aligns to business performance has heightened relevance. Strategically constructed tech stacks will set organizations apart when it comes to successfully transitioning into this future of work. In creating the content enablement category, we’re confident that Templafy is changing the status quo of the business tech stack.”