Enterprise document creation and automation company, Templafy raises $25 MN funding
Tempfly, an enterprise document creation and automation company, has announced the close of a $25 MN Series C funding round led by global venture capital and private equity firm Insight Partners to accelerate its international growth.
With Insight Partners at the helm, the additional funding involved participation from Dawn Capital, Seed Capital and Damgaard Company, bringing the total external capital raised to almost $70 MN.
As part of its international growth strategy, Templafy recently expanded its footprint in New York City, moving into the One World Trade Center, and also made its first U.S.-based C-suite hire with the appointment of Greg Sheppard, formerly of TravelClick, to the role of Chief Revenue Officer (CRO) to oversee Templafy's rapid expansion in the North American market.
"Templafy's software represents a unique nexus of both end-user productivity and document compliance. This is what allows its customers to see real efficiency gains across an entire employee base," said Jonathan Rosenbaum, vice president at Insight Partners and Templafy board member. "Templafy's impressive growth is driven by its easy-to-use SaaS platform, which addresses a vast market need. We look forward to supporting Templafy as they continue scaling."
In the past year alone, Templafy more than doubled its revenue and has now sold over 2 million Templafy licenses worldwide, validating the broad market need for its platform.
"With our recent investment, we can accelerate our global expansion and continue our M&A activities to further strengthen our position at the center of the document ecosystem," said Theill Eriksen, CEO, Templafy.