What is Timely?
Timely offers an automated time tracking solution designed to enhance company productivity by allowing employees to concentrate on core tasks. The platform prioritizes user-level privacy, providing each employee with a private work timeline that they control. By eliminating the need for manual timers and data entry, Timely automatically tracks time and generates timesheets. Real-time dashboards, reports, and notifications provide insights into critical activities, thereby reducing administrative overhead for teams. The service functions as an integrated platform for managing team activities, encompassing payroll, project management, and employee performance and wellbeing, aiming to maintain visibility and coordination within remote workforces.
How much funding has Timely raised?
Timely has raised a total of $1M across 1 funding round:
Angel/Seed
$1M
Angel/Seed (2016): $1M with participation from SNÖ Ventures and 500.com
Key Investors in Timely
SNÖ Ventures
SNÖ Ventures is a Nordic-focused venture capital firm that provides global access and local support to innovative tech pioneers in the region. The firm collaborates with various co-investors to support a diverse portfolio of companies, including those in AI, gaming, and digital economy sectors.
500.com
500.com Limited (NYSE: WBAI) is a leading online sports lottery service provider in China. The Company offers a comprehensive and integrated suite of online lottery services, information, user tools and virtual community venues to its users.
What's next for Timely?
The recent major strategic investment indicates Timely is likely in a growth or scaling phase, aiming to expand its market reach and enhance its product offerings. This capital infusion will probably be directed towards further product development, strengthening its competitive position against other time-tracking and productivity tools, and potentially increasing its sales and marketing efforts to acquire new enterprise clients. The focus on user privacy and automated tracking positions Timely to capitalize on the increasing demand for transparent and efficient workplace management solutions.
See full Timely company page
