TIS has secured a Series B round of venture funding. The round attracted new shareholder Zobito, a Swedish VC firm specializing in enterprise software companies. Also participating was Munich-based venture capital firm Target Partners. TIS offers medium-sized and large enterprises a smart payments software as a service platform for managing corporate payments, liquidity and bank relationships worldwide.
TIS (Treasury Intelligence Solutions GmbH) (www.tis.biz) today announced it has raised an additional € 4 million in capital. The Series B round attracted new shareholder Zobito (www.zobito.com), a Swedish VC firm specializing in enterprise software companies. Also participating in this round of funding was Munich-based venture capital firm Target Partners (www.targetpartners.de), which closed the Series A round three years ago.
Safe and efficient management of corporate payments and liquidity
TIS offers medium-sized and large enterprises a smart payments software as a service platform for managing corporate payments, liquidity and bank relationships worldwide. The Walldorf, Germany-based company plans to use the new funds to further its growth and gain additional market share in Europe by investing in marketing and sales and in the expansion of the cloud platform. “We have noticed an enormous trend among companies turning to cloud and SaaS solutions, and we intend to leverage this to the fullest,” said Jörg Wiemer, CEO and one of the three founders of TIS.
Satisfied customers and strong growth
“Heterogeneous e-banking tools and ERP systems, coupled with the lack of standardized payment formats, pose major challenges for CFOs and finance departments. TIS offers the perfect solution. Its management team has a wealth of industry experience, and their skills complement each other perfectly,” commented Markus Roithmeier from Zobito, pleased about the investment. Before TIS was founded, CEO Wiemer served as Head of Global Treasury at SAP.
Numerous prominent companies such as Volkswagen, Dachser or Fujitsu are already utilizing TIS to standardize and analyze their payment flows throughout their organizations. “Not only is TIS gaining new customers; they also have not lost one single customer since our 2011 investment in their company. What’s more, they have significantly boosted sales from existing and new customers,” said Berthold von Freyberg, partner at Target Partners.
“The entrepreneurial expertise at Target Partners and their knowledge of our market play a significant role in the development of our company. And the Zobito team is vastly experienced in building up global sales organizations and generating sustainable growth,” stated Wiemer about the decision in favor of the two investors. Zobito was founded by the team responsible for the rapid growth of software company QlikTech and its successful IPO in 2010. GP Bullhound, an international technology investment banking group, acted as sole advisor to TIS during the round of financing.
The attached photo shows the TIS management team f.l.t.r.: the three founders Wolfgang Kalthoff, Jörg Wiemer & Erol Bozak and Wytze Rijkmans.
Zobito is an investment and advisory company based in Sweden that puts a new twist on traditional growth capital funding. The partner team has significant experience in creation of sustainable momentum, and are uniquely positioned to help European software companies grow faster and with less risk.
The Zobito focus is to invest in high-potential enterprise software companies in syndication with leading funds and proven entrepreneurs. Zobito help design strategies for go-to-market, execution, compensation, technology and talent development. The objective is to boost growth and reduce execution risk, thus increasing the value of portfolio companies.
If you want to know more about Zobito, pls. visit: www.zobito.com.
>Press contact Zobito:
Markus Roithmeier, Partner
E-mail: [email protected]
>About Target Partners:
With €230 million under management, Target Partners is one of the leading early-stage venture capital firms in Germany. Target Partners invests in new start-up and early-stage companies, and supports them with venture capital during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States.
For more details: www.targetpartners.de, follow us on Twitter: twitter.com/targetpartners or become a friend on Facebook: facebook.com/targetpartners.