Amsterdam, Thursday 7th July 2022
Happeo, the intranet platform for fast-moving companies, has raised US$26 million in a Series B funding round led by Endeit Capital, Smartfin and Evli Growth Partners. Happeo’s earlier investors Inkef, Maki.vc and Vendep Capital, among others, also joined the round.
The investment strengthens Happeo’s position as a leader in solving information chaos in the workplace and also enables the company to accelerate its expansion. Happeo will be able to develop its social intranet platform further at a time when companies need information to be more accessible and findable than ever.
Perttu Ojansuu, CEO and Founder of Happeo, comments, “We are delighted with the progress we have made so far - the speed and strength of our growth worldwide. This latest funding enables us to realize our vision of creating a new, better world of work at scale. We have been improving our platform, and this funding means we can take our revolution in the intranet space to the next level.”
Happeo gives companies a ‘virtual headquarters’ that centralizes information and knowledge internally making sure employees have everything they need to do their best work – and build connections and a positive culture in the process.
Why is this important? Today, the average company uses 110 SaaS tools, in 2015 it was 8. An employee spends 19% of their workweek searching for information they need to do their job. The amount of messages sent in any company grows exponentially as their headcount and market situation changes. Put this all together, and what do you get? Information chaos.
That’s where Happeo comes in. Its solution offers a window into the information that’s scattered across those 110 tools, so team members don’t need to guess where to look. It decreases search time exponentially. It does this through its powerful Federated Search functionality -- which enables users to search across all internal tools with one click; and by offering companies a place to host all files and documents in context. By providing these tools, Happeo removes the burden of sharing important updates from instant messaging tools, so teams can go back to using these to collaborate, instead of being overwhelmed by information.
Happeo has been a long-term Google partner, and as a result of the newly released Microsoft integration, Happeo can now serve all organizations -- whether they use Microsoft Office 365 and Google Workspace, they can use Happeo in unison.
As a result of this funding, Happeo will be investing in its product and development teams, and on further expansion in North America, while retaining its strong position in its home market of Europe.
Jelle-Jan Bruinsma, Partner at Endeit Capital, says, “In this era of hybrid and remote work, Happeo’s tools are needed more than ever. Companies have a pressing need to simplify their internal communications, and we have seen that companies that do this well perform better over the long term.”
Thomas Depuydt, Managing Partner at Smartfin, comments, “Happeo has a proven track record of successfully helping fast-moving companies create a better working culture for their employees. We are happy and excited to partner with them for their continued growth and expansion.”
Happeo is the intranet that fast-moving companies use to connect their teams with the knowledge, news, and tools they need to do their best work. More than 350 clients across all industries use Happeo as their solution to information chaos. Its customers include market-leading companies like Visma, Doctolib, Decathlon, and Marqeta.
Happeo’s own talent consists of more than 30 different nationalities, spread across locations, generations, and time zones – all working together to make Happeo’s vision of building a better world of work into a reality. To learn more, visit www.happeo.com.
About Endeit Capital
Endeit Capital is a growth capital firm fueling internationalization and innovation since 2006. With local Partner teams in the Netherlands, Germany and Sweden, Endeit specializes in boosting European tech scale-ups that have outgrown the start-up phase. Endeit and its community of entrepreneurs and experts support these companies with capital and management guidance to reach maturity. Endeit’s investments include Albelli, 3DHubs, Contorion, Gastrofix, Comtravo and TourRadar. Endeit’s Partners draw on their broad operational experience in branding, scaling and internationalization, especially via buy & build. Over the years Endeit has raised EUR 0.6bn in investment capital. For more information, please visit: Endeit.com
Smartfin is a private equity fund targeting growth technology companies with offices across Belgium and The United Kingdom. As a strong value-added partner, Smartfin has a successful track record in leveraging its expertise for its portfolio companies and accelerating the scaling and monetization of their growth.
About Evli Growth Partners
Evli Growth Partners is a Finnish venture and growth capital fund, investing across industries primarily in the Nordics and Europe. The fund is led by five serial entrepreneurs with experience in founding, managing, or investing in over 150 companies. To date, EGP has made investments in companies like TIER, Refurbed, and Perlego. The fund operates under the umbrella of Evli Plc, a Finnish-listed asset management company.
Alongside EGP, Rajeev Suri, the former CEO of Nokia, Mikko Kuitunen, the founder of Vincit, and Ari Korhonen, an angel investor, invested in Happeo.