HappySignals closes €4.7M series A funding round to help enterprises put employee experience at the core of digital transformation
Helsinki, Finland (September 17th, 2020) Helsinki-based HappySignals, an Employee Experience Management Platform provider, has announced the successful closure of a €4.7M series A funding round led by Nauta Capital with Vendep Capital also in participation. HappySignals will further its mission of helping enterprise IT leaders identify what needs to change so they can build happy, productive cultures that drive digital transformation by scaling operations in Europe and the US.
“We believe happiness and productivity are the keys to transforming business IT culture for the better,” said HappySignals CEO Sami Kallio. “We do this by giving enterprise IT leaders the employee experience data they need to make outcome-focused IT decisions that drive digital transformation.”
“In Nauta Capital, we’ve found the perfect partner to help us scale operations. Their strong track record of supporting B2B disruptors represents a wealth of experience that will ensure we make the right moves going forward. We are also extremely thankful for the continued support of Vendep Capital, who has been with us almost two years now,” he concluded.
“In Nauta Capital, we’ve found the perfect partner to help us scale operations. Their strong track record of supporting B2B disruptors represents a wealth of experience that will ensure we make the right moves going forward.” – Sami Kallio
With enterprise IT forming the connective tissue that ensures companies operate efficiently – Experience Level Agreements (XLAs) have become an emerging trend for IT leaders who want to understand the true value their services deliver for employees and organizations.
“We were impressed by Sami and the team at HappySignals,“ said Carles Ferrer, a London-based General Partner at Nauta Capital. “Their experience in IT service design, software, and building companies speaks for itself, but furthermore, the company has proven to be very resilient as it has grown during an extended period of a global lockdown. What they’ve done so far with a very small team and limited funding is extremely impressive, and we are excited to see what they accomplish with the additional investment,” he continued.
“We made our original investment in HappySignals because we strongly believed in the team and their mission to build exceptional enterprise service experiences that make a real difference. We’re proud to continue our support in this latest funding round,” says Sakari Pihlava, General Partner at Vendep Capital.
To date, HappySignals has raised €6.2M in total funding. HappySignals has measured the happiness and productivity of over two million employees in enterprises and businesses, such as Campari Group, Equinor, and Cargotec, across 130 countries. Customers of HappySignals have seen a 26% reduction in time lost to IT-related issues.
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HappySignals is an Employee Experience Management platform for IT that makes experience data visible, understandable, and connected to operational data in IT, enabling enterprises to change their culture to be more open, outcome-focused, and data-driven. Established in 2014 and based in Helsinki, Finland, HappySignals discovers the experiences of over 2 million employees in 130 countries. Our customers have been able to make employees happier and increase productivity by 26% on average. For more information, visit www.happysignals.com.
About Nauta Capital
Nauta Capital is a pan-European Venture Capital firm investing in early-stage technology companies, with offices in London, Barcelona. and Munich. With over half a billion assets under management and a team of 24 people, Nauta Capital is one of Europe’s largest B2B focused VCs. As a sector-agnostic investor, Nauta’s main areas of interest include B2B SaaS solutions with strong network effects, vertically focused enterprise tech transforming large industries as well as those leveraging deep-tech applications to solve challenges faced by large enterprises. Nauta has led investments in more than 50 companies including Brandwatch, Smarp, Marfeel, Nextail, Emjoy, zenloop, Mercaux, BeMyEye, Geoblink, MishiPay, and Smart Protection. Find out more www.nautacapital.com.
About Vendep Capital
Vendep Capital invests in early-stage SaaS and cloud companies in Finland, Nordics, and the Baltics. Vendep Capital has 40 million euros under management. The funds were raised from Finnish private and institutional investors such as Tesi and The Finnish Innovation Fund Sitra. Vendep has led investments in more than 20 companies including AlphaSense, Leadfeeder, Happeo, HappySignals, and AppFollow. For more information, visit www.vendep.com.