Viking Venture invests € 10 million in TimeLog

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Evolve Your Business
TimeLog gets a massive boost to create a Nordic PSA powerhouse
13 Nov 2020 | 1 min read
Per Henrik Nielsen, aka Pelle, is CEO in TimeLog. With more than 20 years of international experience, among others as VP and Head of Consulting at Ericsson, Pelle guarantees that TimeLog takes its own medicine and continuously works to boost our maturity.

Do you like the sound of even better TimeLog software that develops in tandem with your needs? 

A solution that will, to an even greater degree, help you run a stronger business? 

That sounds good to us here at TimeLog.  

That's why it gives me great pleasure to announce that TimeLog has today entered into a strong partnership with the Nordic region's most renowned software investor, Viking Venture.

Viking Venture has invested a total of € 10 million into TimeLog, and together we’re aiming to deliver one of the world's best PSA systems within just a few years. 


Why have we 
entered into 
a partnership with Viking Venture, and what does it mean for you?

With Viking Venture on board, we have the backing we need to shift TimeLog into a whole new gear. 

Among other developments, we will employ 25 new employees in 2021 - primarily in Customer Success to ensure that you receive the best possible onboarding process in TimeLog's software.

In addition, we will invest heavily in the development of our product, so that you as a TimeLog customer will experience a much faster rate of development of new, quality features that will help you run your business as well as possible. 

We’re not on our way to either India or the US – yet 😉. We will remain in the Nordic and northern European markets, and you will still experience the same attentive organisation as before. After all, it's in our DNA. 

The big difference is that we can now accelerate our goal of delivering one of the world's best PSA systems. 

 

Viking Venture sees a unique opportunity in the TimeLog Group

Viking Venture dared to invest € 10 million in TimeLog because we've invited them into the engine room. And we have been completely transparent in regards to our strategy, our way of working, and our software. 

Viking Venture has emphasised that TimeLog's work over recent years to develop and mature internally into a strong and professional organisation influenced their decision greatly.  

So much that, over the next five years, TimeLog will have to acquire one company a year for Viking Venture. 

We haven’t made a shortlist yet, but it means that TimeLog will become the TimeLog Group in the future. 

This will give us a completely unique opportunity to create an ecosystem of software solutions that will benefit all our customers. 


Hear all the details on our webinar on 
10 December 

I would have loved to have been able to invite you over for a celebration with cake, confetti, and champagne, but that's unfortunately not possible due to the Covid-19 situation.  

Instead, I would like to invite you to join our webinar on 10 December. 

I'll be joined by Christoffer, our Head of Product Management, and you will learn more about: 

  • What our growth journey means for our current customers and companies considering becoming a TimeLog customer 
  • What Viking Venture's investment means for the development of TimeLog PSA 

You can sign up for the webinar here.

Would you like to know more? 

With the investment from Viking Venture, we expect to be able to deliver an even better PSA solution to you, to put even greater focus on developing new features, and to become an organisation that has more capacity and surplus to onboard new companies and really help our customers to develop their business. 

If you'd like to know more about the investment or have any other questions, please feel free to write to me directly phn@timelog.dk or reach out to me for a chat. 


Kind regards,

Per-Henrik Nielsen
CEO, TimeLog