Templafy has secured a $60 million investment to help enterprises connect their content across the tech stack.
Blue Cloud Ventures led the investment, followed by previous investors Insight Partners, Seed Capital, Dawn Capital, and Damgaard Company. These investments bring Templafy to a total of $125 million in funding. The company said the money will enable it to fulfil its mission to ensure that content like documents, presentations, and emails will be able to do its function for organisations: drive business.
“As the future of work unfolds, Templafy has a unique opportunity to redefine how enterprise organisations manage, produce and utilise business content like documents, presentations, and emails,” says Templafy CEO Jesper Theill Eriksen. “We believe the hybrid workplace needs a tech stack that’s more integrated and intuitive: one that supports employees in their efforts to contribute high-value work, whether they’re in office or remote. Content enablement is emerging as a critical element to these tech stacks, and this recent investment supports our efforts in pioneering this category.”
Blue Cloud Ventures managing partner Mir Arif observes that Templafy is solving an all-too-common, yet frequently overlooked problem for organisations: disconnected content.
Arif warns: “While the term may be new, the problem itself is not. When company content isn’t integrated to the applications where employees work, organisations experience disconnected content which can cause several damaging issues including loss of compliance, a drag on efficiency and ultimately a negative impact on business performance.”
Arif claims: “The ambition to solve disconnected content for all enterprises combined with a ripe market, an operationally strong team and a powerful, user-friendly platform makes Templafy an exemplary partner.”
This investment comes just 14 months after Templafy’s Series C round. As the world hurdles different changes and transitions in the workplace, Templafy says it has seen customers turn to content enablement as a solution. The company recorded a 121% increase in net new ARR additions in Q1 2021 compared to Q1 2020 and quadrupling of the customer base since Q1 2020.
Templafy says it has invested in a strong team and attributes it to the organisation’s success. It appointed Cynthia Stephens as chief financial officer, Robin Stimac as chief product officer, and recorded an overall team growth of 68% since April 2020.
“We have seen Templafy’s technology step into an even more critical role for enterprises over the last year as everyone grapples with the right tech solution for the future of work,” concludes Insight partners vice president and Templafy board member Jonathan Rosenbaum. “The ability to ensure content actively contributes to business performance through a strategically constructed tech stack is what will set organisations apart when it comes to successfully transitioning into the future of work. We are confident that Templafy is changing the status quo of the business tech stack and this added investment is representative of those beliefs.”