Templafy announces $17.2 million Series B led by Insight Venture Partners
COPENHAGEN, Denmark, NEW YORK, and LONDON, February 13, 2018-- Today, Templafy, a Danish-based company providing a SaaS platform delivering brand governance and productivity across enterprise business communications, announced it raised $17.2 million in its Series B round. New York-based venture capital and private equity firm Insight Venture Partners led the round with participation from new investor, London-based Dawn Capital and existing Series A investors SEED Capital, Preben Damgaard and other private investors.
The funding will be used to accelerate Templafy's ambitious growth plan, which includes scaling operations, expanding its product and integrations offering, and ultimately helping even more enterprises worldwide solve what Templafy calls 'Document Anarchy.'
Templafy currently works with Big Four professional services firms, Magic Circle law firms, and multinational brands to ensure that the thousands of business documents, presentations and emails created by employees everyday are on-brand and compliant.
"Our product has proven valuable and integral to the enterprise software ecosystem and is well established internationally," said Jesper Theill Eriksen, CEO at Templafy. "Our customers understand the importance of brand consistency, smart document creation and futureproof systems, which is why they choose Templafy. 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's deep understanding of the evolving enterprise brand management needs has propelled the company's growth and established the firm as an industry leader in brand governance and related workflow," said Jeff Horing, founder and Managing Director at Insight Venture Partners. "We're looking forward to partnering with the Templafy team to create further opportunity, capture more value, and ultimately scale the firm's success to the next level."
"Templafy's offering is a natural fit for the Cloud," said Joyce Liu, Principal at Dawn Capital. "Global enterprises can now ensure local employees are using the appropriate templated contracts, disclosures, and localized content consistent with relevant rules but bound by global corporate brand guidelines. We are excited to partner with Templafy, helping the business to further fuel its international expansion."
Jonathan Rosenbaum and Teddie Wardi from Insight Venture Partners will join Templafy's Board of Directors. Insight and Dawn have been welcomed by existing Templafy investors.
"As the first investor, we are delighted to see how Templafy has evolved. With their deep domain knowledge and the right team in place, Templafy is now unleashing its full potential. Templafy has been validated further by winning global enterprise customers as well as attracting Insight Venture Partners and Dawn as new investors. Insight and Dawn know this space and will pave the way for accelerating their presence in the US and UK markets," says Lars Andersen, General Partner in Denmark's largest early-stage venture fund, SEED Capital Denmark.
Templafy brings custom company templates, brand assets and best practice content together directly inside any office application, streamlining how users create on-brand and compliant documents, presentations and emails. With Templafy, global businesses safeguard their brand integrity and increase productivity through a centrally governed, secure and easy to use platform.
Founded in Copenhagen, Denmark in 2014, Templafy's team leveraged more than 15 years of experience in template management and document automation to develop an enterprise cloud service solution which is now a global market leader within its category, validated by blue chip enterprise customers on every continent.
For more information on Templafy's product and company, visit www.templafy.com, or follow us on LinkedIn: www.linkedin.com/company/3585015/ or Twitter: @templafy
About Insight Venture Partners:
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.
About Dawn Capital:
Dawn Capital is a leading early stage VC firm run by entrepreneurs that invests in B2B scale ups across Europe. It supports SaaS and FinTech companies founded by exceptional teams that develop world leading technology to improve business value chains and productivity. Dawn Capital works closely with startups that seek operational support and capital as they expand internationally. Dawn Capital's portfolio companies include Mimecast, iZettle, Collibra, Gelato Group, iControl, Neo Technology, and Showpad.
About SEED Capital Denmark:
SEED Capital Denmark is Denmark's largest venture capital fund within the seed segment. SEED Capital specializes in identifying, financing and developing competent and innovative entrepreneurs. SEED Capital invests from seed stage through to exit and has invested in, supported and helped build some of the greatest companies to come out of Denmark – companies like Endomondo, Trustpilot and Vivino among others. www.Seedcapital.dk
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