Series A funded: €80 million for the operating system for the hybrid world of work
Lendis has completed its Series A financing with an additional 80 million euros. The fresh capital will be used to further expand the SaaS solution, which supports companies in equipping their employees with devices and software in the hybrid working world.
In this article, you can find out what Lendis plans to do with the funding it has raised and how it will use digital processes to help companies efficiently master the challenges of a hybrid working world in the future.
Sustainable companies need simple solutions for equipping their employees
"Hybrid work is here to stay" - The coronavirus crisis has triggered a lasting transformation of the world of work. In future, people will increasingly work from different locations. However, the shift to hybrid forms of work presents companies with major organizational challenges, especially when it comes to onboarding, managing and offboarding employees and their equipment at different locations. While companies like Deel and Remote.com support payroll, the management of devices and software has been neglected.
If you want to equip hundreds of employees at different locations efficiently and without high costs and time expenditure in the future, you need digitized and largely automated processes. Lendis takes on this challenge and enables companies to order, set up and manage all their work equipment (e.g. laptops, smartphones, office furniture) and software digitally with a SaaS solution.
Facts about Series A financing
How much capital will Lendis receive?
Lendis receives 80 million euros in a Series A financing round. The round is divided into 30 million euros in equity and 50 million euros in debt capital. This brings Lendis' total financing to well over EUR 100 million since the company was founded.
Who contributes to the financing?
The financing is led by investors Circularity Capital and Keen Venture Partners. In addition, coparion, KPN Ventures and HGDF are also participating. The existing investors HV Capital, DN Capital and Picus Capital are also involved.
What happens to the capital raised?
The new capital will be used to expand the SaaS solution, which helps companies to set up and manage their employees' equipment and software in the hybrid working environment.
These are the plans from Lendis
The fresh capital will be used to accelerate the further development of the SaaS solution, which supports companies in setting up and managing their employees' devices and software in the hybrid working world. Lendis also aims to expand internationally by the end of 2023 and become the leading software solution for hybrid work in Europe. The following goals result from this project:
- Expansion of product functions to simplify and largely automate all processes relating to onboarding, management and offboarding
- Growth of the DACH market
- Expansion into further European markets
- Doubling the number of employees in the Tech and Product divisions
Successful investors rely on Lendis
The successful Series A financing has not only enabled the company to raise additional capital for its growth. With the investors involved, Lendis can also draw on a wealth of expertise in various areas, such as sustainability and software as a service.
About Circularity Capital
Circularity Capital was founded in 2015 as an independent strategic investor specializing in supporting European growth companies in the circular economy. Circularity Capital is a supportive and entrepreneurial investment company that promotes and develops growth companies with the expertise of our team in the circular economy. Circularity Capital invests in profitable and fast-growing companies in Europe that aim to disrupt traditional linear ("take-make-dispose") industries. Circularity Capital's investors include global financial investors and private investors.
About Keen Venture Partners
Keen Venture Partners is a venture capital firm based in Amsterdam and London. Keen supports exceptional teams and high-growth companies across Europe in the Series A and Series B stage. Keen Venture Partners supports its portfolio by first investing time and then money. Keen Venture Partners makes its network, experience and skills available long before an investment opportunity arises.
About coparion
coparion is a venture capital investor for young German technology companies and contributes to rapid and sustainable growth. We support entrepreneurial vision with our know-how, but without interfering in the operational business. Thanks to our many years of experience in venture capital and in building companies, we recognize potential and open up new perspectives. We have the substance, stamina and creativity to successfully master even difficult situations together. With a fund volume of 275 million euros, coparion supports some of the fastest-growing German technology companies such as Clark, Finoa, Grover, Holidu, Neodigital, Nuri and parcelLab.
About HGDF
HGDF Familienholding is an entrepreneurial and value-oriented family-owned group of companies. Today, the group has eight majority shareholdings in medium-sized companies from various sectors. In these companies, 2,500 employees generate annual sales of EUR 1 billion in international markets. Since 2019, HGDF has been investing in selected start-ups in order to learn new ways of thinking and business models from and with young entrepreneurs. The portfolio is growing continuously and currently comprises nine investments. HGDF is the majority shareholder in multinational companies such as Queisser Pharma, Flensburger Brauerei and ComLine and has invested in promising young companies such as Wellster Healthtech, vetevo and Wunderflats.
About KPN Ventures
KPN Ventures is the investment arm of KPN. KPN has been the leading provider of telecom and IT services in the Netherlands for almost 140 years. KPN Ventures focuses on direct and indirect (fund-in-fund) investments in innovative and fast-growing European technology companies. The focus is on various telecom-related sectors, including: Internet of Things, cybersecurity, digital healthcare, network technology, remote working, etc. KPN Ventures is involved in the following companies, among others: Viloc (BE), Sentiance (BE), Zecops (US), Cloudify (ISR), EclecticIQ (NL), Cybersprint (NL), Dimenco (NL), Smart Photonics (NL), Minut (UK/SE), Wirepas (FI) and Actility (FR).
Stavros Papadopoulos
Stavros Papadopoulos, Founder & Managing Director at Lendis, writes here. Through his work for the Boston Consulting Group, he quickly realised the enormous optimisation potential offered by the digitalisation of workplace management. With Lendis, he is pursuing the goal of radically simplifying the entire lifecycle management of equipment. In the magazine, he provides insights on the topics of corporate finance and cash flow management.