Danish Templafy announces the close of a $25 million Series C funding round.
The funding round was led by the American venture capital and private equity firm Insight Partners and included participation from Dawn Capital, Seed Capital and Damgaard Company.
Prior to this round, the company raised about $37M in outside capital.
Templafy has developed an enterprise cloud service solution helping mainly larger companies with template management and document automation.
“Every day employees produce thousands of documents, presentations and emails. But they don’t always use the latest company standards,” Templafy writes in a paragraph explaining the need for their product.
Templafy solves this need through its cloud-based platform, enabling enterprises to deploy best-practice and personalised content to all employees so that it is easier for employees to work compliantly within the company's standard.
Templafy was founded in 2014 by Jesper Theill Eriksen, Christian Lund, and Henrik Prinzlau, who are all currently positioned in the top management of the business.
The company claims to have more than have doubled its revenue since 2019, having sold more than 2 million Templafy licenses worldwide, including one to Pandora.
Having previously had problems with fully integrated branding, Pandora's Director of Corporate Communications Kristian Lysgaard finds that Templafy has made a difference:
“We have solved this branding problem,” said Lysgaard.
“Employees now know that they are always using the latest version of the templates and everything is completely integrated into the Office package,” Lysgaard added.
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