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Taimer Raises $1 Million in Funding Led by International VCs and FiBAN Syndicate

Taimer, a Finland based startup providing innovative CRM and business management solutions, has announced the closing of 1M USD in its pre-seed funding round.

Founded by entrepreneurs looking to address the challenge of managing a business with multiple disjointed systems, Taimer was developed keeping in mind the needs of today’s growing businesses. Taimer’s cloud-based software offers innovative solutions for startups, SMEs, and professional service providers. Their sales CRM, project management, invoicing, time tracking, collaboration, and built-in business intelligence reporting systems offer unparalleled performance across all devices, thereby allowing companies to manage their business on the go with just one unified solution.

The round was led by international venture capitalist Trind VC (Nordics) as the lead investor, TAO Ventures (Australia), and FiBAN (Finnish Business Angels Network), with participation from several other investing groups and angel investors from the UK, US and Finland. In addition, funding was also provided by Business Finland that supports innovative companies in Finland to go global.

FiBAN’s Chair of the Board, Reima Linnanvirta has joined Taimer as the Chair of the Board.

Taimer is thrilled to get on-board a globally experienced investment team with the possibility to strategically take the business to the next level and also facilitate and participate in future investment rounds.

“As a relatively young startup, we are excited to have garnered a strong network of investors. With the support of our strategic investors, we're accelerating the development of our product and will expand it to other markets. We see a massive opportunity in the Nordics, Europe, the UK, and the US for Taimer. What makes us unique is the capability to serve both small and large customers comprehensively with innovative tools that our users actually love to use,” said Tero Alanen, CEO of Taimer.

Kimmo Irpola, Partner at Trind VC commented, “We are equally excited to lead the pre-seed round for Taimer and have confidence in the experienced management team. What the team at Taimer has developed over the past few years is hugely impressive and we look forward to supporting their vision to create leading-edge business management solutions.”

Reima Linnanvirta, angel investor and Chair of the Board at Taimer further added, “The money will be invested in expanding our team, product, and services in our local and new target markets.”

About Taimer

Taimer is an all-in-one business management software that helps businesses simplify work, boost sales and grow effortlessly. Taimer is poised to change the way businesses use technology to manage sales, projects, and finances by offering easy-to-use software that has sales CRM, project management, collaboration, invoicing, time tracking, business intelligence reporting, and various other business functions seamlessly working in one centralized solution.

Founded in 2013 by Eero Saarinen, the company is headquartered in Jyväskylä, Finland, and has over 400 customers with 6 000+ active users in 8 countries. Taimer’s customer base includes industry-leading companies in Finland like SEK, Fimpec, Dagmar, Lahdelma & Mahlamaki, and Fresh wind.

Taimer was designed and developed by seasoned entrepreneurs and the management team includes Tero Alanen- CEO & Partner, Eero Saarinen- Founder & CTO, and Fredi Palmgren- Co-founder, CIO & CMO.

About Trind Ventures

Trind Ventures is an early-stage VC firm that invests in European technology start-ups with a primary focus on the Baltics and Finland. Trind invests in ICT-driven companies creating a significant impact in their niches with hardworking teams who have attracted happy customers. Its average starting investment in a portfolio company is €0,1M - €0,5M and it can invest up to €3 M tickets in a single company.

More information:
Tero Alanen, CEO, @Taimer Oy
Reima Linnanvirta, Chair of the Board @Taimer & FiBAN



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