Templafy, a Danish template management company, has won $17.2 million in Series B funding. The round is led by New York City-based Insight Venture Partners, with additional investment from London’s Dawn Capital, Series A funder SEED Capital and other individual investors.
The money will allow the Copenhagen-headquartered firm, launched in 2014, “to accelerate Templafy’s ambitious growth plan, which includes scaling our operations, expanding our product and integrations offering, and ultimately helping even more customers worldwide solve ‘Document Anarchy’,” a company statement read.
The company, whose SaaS solution offers interoperability and simplicity for office documents, currently has 45 employees and 200 customers on six continents worldwide. By 2020 it aims to have 20m users, up from its current 557,162.
“Our customers understand the importance of brand consistency, smart document creation and future-proof systems, which is why they choose Templafy,” said Templafy CEO Jesper Theill Eriksen. “Our partnership with Insight Venture Partners and Dawn will provide significant expertise for scaling and positioning Templafy and will allow to us continue to improve our product features and integrations for our current and future customers.”
Templafy has joined the sharp end of Copenhagen’s rapidly evolving startup scene, which threatens to compete with fellow Scandinavian powerhouse Stockholm. There are now over 400 tech firms in the city, while funding circles have been widened by the likes of #CPHFTW (Copenhagen for the Win) and newcomer ByFounders, which recently announced a $124m fund for the region.