HR tech companies are still raising capital.
This week talent marketplace Gloat announced it had raised $57 million in a Series C round led by Accel, WalkMe IPO’ed on NASDAQ and mental health benefits provider Lyra Health raises $200 million. Now Denmark-based content enablement platform Templafy announced the closure of its $60 million Series D round.
The investment was led by Blue Cloud Ventures. All of the Danish startup’s previous investors – including Insight Partners and Damgaard Company – also participated in the round.
Templafy helps companies bring together and connect all their content across the different tools in their tech stack. Ultimately its aim is to enable companies to securely use their content – for instance, documents, presentations, and emails – to actually drive business.
This $60 million in funding brings Templafy’s total funding to $125 million (it closed a $25 million Series C in April 2020) and comes after the company allegedly quadrupled its customer base to 600 during the pandemic. It claims to serve customers like Ikea, KPMG, Pandora, and Abbott.
The company’s CEO Theill Eriksen said: “As the future of work unfolds, Templafy has a unique opportunity to redefine how enterprise organizations manage, produce and utilize business content like documents, presentations and emails.
“We believe the hybrid workplace needs a tech stack that’s more integrated and intuitive; one that supports employees in their efforts to contribute high-value work, whether they’re in office or remote.
“Content enablement is emerging as a critical element to these tech stacks, and this recent investment supports our efforts in pioneering this category.”
Templafy board member and Insight Partners vice-president Jonathan Rosenbaum added: “We’ve seen Templafy’s technology step into an even more critical role for enterprises over the last year as everyone grapples with the right tech solution for the future of work.
“The ability to ensure content actively contributes to business performance through a strategically constructed tech stack is what will set organizations apart when it comes to successfully transitioning into the future of work.
“We’re confident that Templafy is changing the status quo of the business tech stack and this added investment is representative of those beliefs.”