SaaShop, an Espoo, Finland-based subscription software marketplace, secured €1.2 million in seed funding.
SaaS Investors
The funding round included investment from Business Finland, as well as participation from current owners and board members.
Business Finland is Finland's official government agency that offers Finnish companies a unified customer journey for innovation activities, internationalization, investments, and tourism promotion. Business Finland is the Finnish government's organization for innovation funding and trade, travel, and investment promotion.
SaaShop Use of Funds
The funding round will enable SaaShop to accelerate growth in both the European and North American markets.
About SaaShop
Founded in 2018, SaaShop is a subscription software marketplace that connects businesses with SaaS software companies and service providers, allowing companies to buy all their subscription software in one place, with one invoice and one point of contact for support and customer service. SaaShop has over 2,500 customers, consisting primarily of small and medium-sized businesses but also larger organizations, including publicly listed companies such as Inderes Oyj, a content service aimed at investors. SaaShop was founded in 2018 and has offices in Finland and the United States.
The company plans to triple its sales in the US and European markets by the end of 2024.
Funding Details
Company: SaaShop Oy
Raised: €1.2M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Business Finland
Additional Investors:
Company Website: https://www.saashop.com/
Source: https://www.prweb.com/releases/saashop-raises-1-2-million-euros-to-drive-saas-marketplace-growth-301920530.html