What is TimeLog?
TimeLog provides a comprehensive Project Services Automation (PSA) solution, integrating time tracking, resource planning, project management, invoicing, finance, and reporting into a unified platform. Designed for professional services organizations, economy departments, project teams, large enterprises, and NGOs, TimeLog aims to streamline operations, significantly reduce invoicing time (by up to 75%), and enhance decision-making capabilities. The platform's ability to integrate with numerous financial and payroll systems ensures operational efficiency and financial accuracy.
How much funding has TimeLog raised?
TimeLog has raised a total of $13.1M across 1 funding round:
Private Equity
$13.1M
Private Equity (2020): $13.1M with participation from Viking Venture
Key Investors in TimeLog
Viking Venture
Viking Venture is a Nordic software investor that specializes in fast-growing B2B software companies. They focus on providing capital and expertise to help these companies scale internationally, particularly in areas like business model optimization and sales organization development.
What's next for TimeLog?
The substantial enterprise-level funding and recent strategic investment signal TimeLog's maturity and readiness for accelerated scaling. This capital infusion is likely to be directed towards expanding market reach, enhancing its PSA suite with advanced features, and potentially exploring new verticals or international markets. The company's focus on integration with financial and payroll systems positions it well to capitalize on the growing demand for end-to-end business management solutions.
See full TimeLog company page
