Berlin-based VC Hasso Plattner Ventures (HPV) has led a $10 million (€7.3 million) funding round in project management and collaboration software firm Hansoft. It marks the closing of the first investment into the Swedish company, which says that it has been self-financed and profitable since day one. Previously, Nordic VC firm Creandum – which was the first institutional investor in Spotify – had begun the round.
Hansoft helps the development of products and services in industries including electronics, aerospace and gaming, where companies need to accelerate the time to market while improving overall productivity and quality. It does this by enabling better practices for boosting innovation and scaling agile software and hardware development. Currently, the company has offices in Uppsala, Sweden, San Francisco and, most recently, Tokyo.
Shmuel Chafets, partner at HPV, said: “Hansoft have already proven themselves able to punch way above their weight, both in terms of creating a fantastic product with leading capabilities, and also their ability to score large enterprise deals in competition with much larger players. I’m thrilled to see what they can do with the larger muscles they are now provided.”
Hansoft is currently owned entirely by its founders Erik Olofsson, Hans Andersson and Patric Palm, who is also the CEO. He said: “We are truly excited that Hasso Plattner Ventures have joined our team of investors. Their international network and experience will help us bring Hansoft to a much wider group of users. So many companies today find themselves managing very large teams making software products or software enabled services. By taking their agile practices to a next level they can quite significantly boost their productivity and innovation, and Hansoft is the tool to enable this increased competitiveness.”