Startup

Teamleader, the SaaS platform to help SMEs go digital, scores $22M Series C

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Teamleader, the SaaS platform that helps SMEs operate in a more digitally savvy way, has closed $22 million in Series C funding.

The round was led by London-based Keen Venture Partners, with participation from PMV and existing investors Fortino Capital and Sage Capital.Claiming to serve nearly 10,000 customers in 6 countries — comprised mostly of small and medium-sized enterprises — Belgium-headquartered Teamleader offers a SaaS-based platform to enable SMEs to digitise their business processes.

This includes CRM and sales, project management, time tracking, and invoicing.A more recent aspect — and where Teamleader sees future growth — is the Teamleader Marketplace, which allows customers to integrate their favourite local SaaS tools with Teamleader.

This is on track to support 1,000 integrations, with a heavy emphasis on localisation.&We even created a $1 million fund for developers across Europe to create integrations with Teamleader, a pretty wild idea that working great,& Teamleader co-founder and CEO Jeroen De Wit tells me.&What great about the marketplace is that it also allows European SaaS players to piggyback on our growth — like the Belgian startup Cumul.io which is now finding customers in Spain through our marketplace.

This perfectly fits our vision&.More broadly, De Wit says SMEs are no longer afraid of digitization, and are using more and more business software to their advantage.

&These tools need to work side by side as one, in integrated systems, for SMEs to get maximum value out of them,& he adds.Meanwhile, in addition to investing in the Teamleader Marketplace, Teamleader says it plans to use its Series C funding for continued international growth and to accelerate its product roadmap.

This will include doubling-down on what it calls a &multi-local approach& and fine-tuning the Teamleader product for country-specific needs.

How very European.




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