What is TimeLog?
TimeLog provides a comprehensive Project Services Automation (PSA) solution designed for professional services organizations. Its integrated platform encompasses time tracking, resource planning, project management, invoicing, finance, and reporting, aiming to streamline operations and enhance decision-making. The solution is engineered to reduce invoicing time by up to 75% and is targeted at a diverse clientele including economy departments, project teams, management teams, large enterprises, and NGOs. TimeLog's robust integration capabilities with various financial and payroll systems ensure efficiency and accuracy in billing and financial management processes.
How much funding has TimeLog raised?
TimeLog has raised a total of $13.1M across 1 funding round:
Private Equity
$13.1M
Private Equity (2020): $13.1M with participation from Viking Venture
Key Investors in TimeLog
Viking Venture
Viking Venture is a Nordic software investor that specializes in fast-growing B2B software companies, providing capital and expertise to help them scale internationally.
What's next for TimeLog?
The substantial enterprise-level funding and recent strategic investment indicate TimeLog is poised for accelerated growth and market expansion. This capital infusion will likely be directed towards enhancing its product suite, scaling its sales and marketing efforts, and potentially exploring new market segments or international opportunities. The company's focus on integrating deeply with financial systems suggests a strategy to become an indispensable part of its clients' operational backbone, further solidifying its market position.
See full TimeLog company page
