Investment of 9.3 million euro to accelerate European growth

Investment of 9.3 million euro to accelerate European growth

Founder and CEO of tamigo, Jakob Toftgaard, and the Norwegian investment fund Viking Venture have just signed an investment contract worth 9,3 million euro.

 

Since May 2019 we have evaluated which type of investor would be the right for us, and we have now decided on Viking Venture. Besides experience in accelerating growth of Software-as-a-Service (SaaS) companies, Viking Venture has the right focus on the product and the difference that tamigo makes for its end users.

The investment supports our plan to become the dominating player in Europe within workforce management solutions. Viking Venture will obtain a minority share of tamigo and we are very much looking forward to the collaboration in order to continue our expansion.

 

‘It’s a significant milestone for us, and I am deeply grateful to every single one of our employees, past and present, who has contributed to making tamigo the company that we are now. It hasn’t been a walk in the park and we have put in an incredible amount of hours and hard work at the office as well as at the customer sites.

 

Now we’re entering the next exciting phase where we need to recruit even more ambitious and clever employees, especially for our focus markets in France, Germany and UK. For these markets we need to build relations, implement and improve our product and create greater visibility, especially for retail and hospitality,’ says Jakob Toftgaard

 

About Viking Venture

Viking Venture invests on behalf of Nordic, private individuals. Since 2001, Viking Venture has invested in 50 companies and manages more than 260 million euro. Viking Venture currently has 15 B2B software companies in their portfolio.

Viking Venture has invested in Danish SaaS WFM company tamigo

Now we’re entering the next exciting phase where we need to recruit even more ambitious and clever employees, especially for our focus markets in France, Germany and UK. For these markets we need to build relations, implement and improve our product and create greater visibility, especially for retail and hospitality

Jakob Toftgaard
CEO & Founder, tamigo