Friday, 18 June 2021 09:54

Templafy closes $60 million investment; sees 121% increase in net new ARR additions

By

Content enablement platform Templafy has managed to raise $60 million in funding. The investment puts the company in a position to redefine how organisations manage, produce, and utilise business content.

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.”


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Kenn Anthony Mendoza

Kenn Anthony Mendoza is the newest member of the iTWire team. Kenn is also a contributing writer for South China Morning Post Style, and has written stories on Korean entertainment, Asian and European royalty, Millionaires and Billionaires, and LGBTQIA+ issues. He has been published in Philippine newspapers, magazines, and online sites: Tatler PhilippinesManila BulletinCNN Philippines LifePhilippine StarManila Times, and The Daily Tribune. Kenn now covers all aspects of technology news for iTWire.com.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments