European-based Planday raises $3.75 million in seed funding through sole investor Creandum.
Christian Brondum, CEO of Planday, describes the new partnership:
"We have grown organically since day one, and we have been profitable from the beginning. Now, we take in extra capital to speed up our geographical expansion to take advantage of this billion dollar opportunity. Mid 2013, we went on the hunt for venture capital, and on our search, we found an investor, who will not just provide the necessary means for our growth, but is also extremely capable of understanding the challenges we face today and the ones we will meet in the future."
Planday aims to simplify many administrative components of small to mid sized company away from spread-sheets or the white board to a software program that assists in HR, payroll, scheduling, shift trading and more. The software is accessible through any online platform like iPhone, Android, and Windows.
This past year the company grew more than 100%. The newly infused funds will directed towards international expansion.
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