An intranet platform for fast-moving companies, Happeo based in Finland, has just grabbed $26 million in a Series B funding round. The investment round was led by Endeit Capital, Smartfin and Evli Growth Partners. Existing investors INKEF Capital (which invested in ChannelEngine and Baserow), Maki.vc and Vendep Capital, among others, also joined the round.
Further develop intranet platform
Happeo will use the investment to strengthen its position as a leader in solving information chaos in the workplace. Also, it will enable the company to accelerate its expansion in North America. Happeo will be able to develop its social intranet platform further at a time when companies need to centralise their information more than ever.
Perttu Ojansuu, CEO and Founder of Happeo, commented, “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.”
Jelle-Jan Bruinsma, Partner at Endeit Capital, said, “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, added, “Happeo has a proven track record of successfully helping fast-moving create a better working culture for their employees. We are happy and excited to partner with them for their continued growth and expansion.”
Solves information chaos
A few years back, companies used eight software (SaaS) tools on average. Now, the average has surged to 110, creating ‘information chaos’. Reportedly, employees spend 19% of their workweek searching for information they need to do their job. That’s where Happeo comes in to the picture.
Founded by Perttu Ojansuu and Antero Hanhirova in 2017 in Helsinki, it provides companies with a ‘virtual headquarters’ that centralises information and knowledge internally, making sure employees have everything they need to do their best work, build connections and a positive culture in the process.
Its solution offers a window into the information that is scattered across those 110 tools, so team members do not have to guess where to look. It decreases search time exponentially by using 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.
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 its latest product iteration includes Microsoft 365 integration. Its intranet is used by over 350 clients including Pinterest, Doctolib, Hotmart, Decathlon and Marqueta.