INSUBCONTINENT EXCLUSIVE:
Teamleader, the SaaS platform that helps SMEs operate in a more digitally savvy way, has closed $22 million in Series C funding
The round was led by London-based Keen Venture Partners, with participation from PMV and existing investors Fortino Capital and Sage
Capital.Claiming to serve nearly 10,000 customers in 6 countries — comprised mostly of small and medium-sized enterprises —
Belgium-headquartered Teamleader offers a SaaS-based platform to enable SMEs to digitise their business processes
This includes CRM and sales, project management, time tracking, and invoicing.A more recent aspect — and where Teamleader sees future
growth — is the Teamleader Marketplace, which allows customers to integrate their favourite local SaaS tools with Teamleader
This is on track to support 1,000 integrations, with a heavy emphasis on localisation.&We even created a $1 million fund for developers
across Europe to create integrations with Teamleader, a pretty wild idea that working great,& Teamleader co-founder and CEO Jeroen De Wit
tells me.&What great about the marketplace is that it also allows European SaaS players to piggyback on our growth — like the Belgian
startup Cumul.io which is now finding customers in Spain through our marketplace
This perfectly fits our vision&.More broadly, De Wit says SMEs are no longer afraid of digitization, and are using more and more business
software to their advantage
&These tools need to work side by side as one, in integrated systems, for SMEs to get maximum value out of them,& he adds.Meanwhile, in
addition to investing in the Teamleader Marketplace, Teamleader says it plans to use its Series C funding for continued international growth
and to accelerate its product roadmap
This will include doubling-down on what it calls a &multi-local approach& and fine-tuning the Teamleader product for country-specific needs
