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Creandum backs Planday with $3.75m investment

7 May 2014

nordic_tree_pineDanish employee scheduling software provider Planday has secured a $3.75m investment from venture capital firm Creandum.

Planday said the round will fund its international expansion.

The company has seen annual growth of over 100 per cent over the past few years and has secured customers both within and outside of the Nordic region.

Creandum partner Johan Brenner said, “We are confident that the Planday team has what it takes to make the company an international success. They already have a good, solid customer base with many loyal customers. And they have already proved that they can grow and make money at the same time.

“There is a huge market for software solutions that simplify businesses’ daily operations, and we already have a lot of experience from software companies selling specifically to restaurants and hotels, which is why Planday seemed like a perfect company for us to invest in.”

A year ago Creandum, whose investees include Spotify, closed one of the biggest venture funds in the Nordic region by gathering €135m for its third vehicle.

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