Finnish startup HappySignals, an Employee Experience Management Platform provider, has announced the successful closure of a €4.7 million series A funding round led by Nauta Capital, with Vendep Capital also participating. HappySignals will use the funds to further its mission and scale up operations in Europe and the US.
Founded in 2014, HappySignals aims to help enterprise IT leaders identify what needs to change so they can build happy, productive cultures that drive digital transformation. They do this by shifting the focus to employee experience by measuring and analyzing employee happiness and productivity. They believe that the right balance between service costs, lost work time, and satisfaction translates into a happier bottom line.
“We were impressed by Sami and the team at HappySignals,” said Carles Ferrer, a London-based General Partner at Nauta Capital. “Their experience in IT service design, software, and building companies speaks for itself, but furthermore, the company has proven to be very resilient as it has grown during an extended period of a global lockdown. What they’ve done so far with a very small team and limited funding is extremely impressive, and we are excited to see what they accomplish with the additional investment,” he continued.
“We made our original investment in HappySignals because we strongly believed in the team and their mission to build exceptional enterprise service experiences that make a real difference. We’re proud to continue our support in this latest funding round,” says Sakari Pihlava, General Partner at Vendep Capital.
HappySignals CEO Sami Kallio commented: “In Nauta Capital, we’ve found the perfect partner to help us scale operations. Their strong track record of supporting B2B disruptors represents a wealth of experience that will ensure we make the right moves going forward. We are also extremely thankful for the continued support of Vendep Capital, who has been with us almost two years now,” he concluded.
To date, HappySignals has raised €6.2 million in total funding, and so far measured the happiness and productivity of over two million employees in enterprises and businesses, such as Campari Group, Equinor, and Cargotec, across 130 countries. Customers of HappySignals have seen a 26% reduction in time lost to IT-related issues.