B2B SaaS platform Templafy recently announced that it has raised $25mn in its Series C funding round led by global venture capital and private equity firm Insight Partners.
With Insight Partners at the helm, the additional funding involved participation from Dawn Capital, Seed Capital, and Damgaard Company, bringing the total external capital raised to almost $70 million.
“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,” he added.
With the new fund infusion, the company plans to accelerate global expansion and continue M&A activities.
“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.
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.
“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,” said Jonathan Rosenbaum, vice president at Insight Partners and Templafy board member.
He further added, “Templafy’s impressive growth is driven by its easy-to-use SaaS platform, which addresses a vast market need. We look forward to supporting Templafy as they continue scaling.”
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.
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