Danish scale-up Airtame introduces SaaS business model and raises 18,5 million DKK to fuel global expansion
The tech scale-up Airtame raises 18,5 million DKK in an investment round from Denmark’s Export and Investment Fund and PreSeed Ventures to support digital transformation and expansion to global markets.
Airtame is a leading all-in-one solution for shared screens in business and education, challenging the norms in the AV industry with a newly introduced hardware-enabled SaaS platform. Airtame was founded in 2013 to make meeting rooms, classrooms, and common spaces more dynamic through intuitive screen sharing, digital signage, and now hybrid conferencing.
Easy access to screen technology for everyone
Airtame is particularly popular in the American market, where many companies and schools trust its user-friendly solutions to solve their shared screen needs. In 2020, COVID-19 changed how people communicate and collaborate with each other. Since then, Airtame has invested in the development of and reimagining several products that will make it even easier to accommodate hybrid work, including a remote management software.
Since their founding, Airtame has been pioneering technology that some giants like Apple and Google are today fighting to provide, making easy access to screen technology for everyone, and now they are ready to focus further on targeting the European and American business sector more aggressively, which holds great potential.
Funding from Denmark’s Export and Investment Fund and PreSeed Ventures
Six months ago, Airtame appointed Susanne Lund as their new CEO, as part of a strategy to focus on and expand the company’s software business beyond hardware.
Airtame raised 19 million DKK in an investment round from existing investors including Denmark’s Export and Investment Fund and PreSeed Ventures. Denmark’s Export and Investment Fund is the result of a merger of EKF Denmark’s Export Credit Agency (EKF), the sovereign investment fund of Denmark, Vaekstfonden and the Danish Green Investment Fund. The fund is already an investor in Airtame, making the new investment a follow-up, emphasizing the massive potential that the fund sees in Airtaime’s technology.
“Digital transformation isn’t cheap nor particularly easy but this new investment holds a clear opportunity to expand by focusing on end users’ outcome, and to break barriers by proactively delivering a solution that is forward thinking in our market. Two thousand Airtame client organizations have already adopted the platform, just months after its first release. We are happy that both Denmark’s Export and Investment Fund and PreSeed Ventures acknowledge the potential of this digital transformation as a software company, and we are excited to expand our go-to-market globally,” says Susanne Lund.
”In Denmark’s Export and Investment Fund, we wish to support the digital working place of the future. Airtame is a strong, Danish business, which has positioned itself as a leader within the market in the United States. As the only player globally, the solution developed by Airtame supports multiple conference system solutions – an important competition measure, as businesses today host meetings via both Teams, Zoom, and other conference solutions. We work to develop and support the position of strength held in Denmark within tech today, and as a larger Danish tech-business with a leading position within the market, Airtame is a very good example of this exact position of strength. Therefore, we in Denmark’s Export and Investment Fund would like to aid Airtame in their continuation in growth in both existing and new markets,” says Jakob Bratting, Partner in Denmark’s Export and Investment Fund.
“Airtame is a thriving business with positive growth numbers, and now introduces a new SaaS business model with PreSeed Ventures onboard. Airtame is no new name in the entrepreneurial ecosystem, but their latest moves within business strategy has set them apart from the rest, and we are thrilled to continue to be a part of their exciting journey, as Airtame is heading in a really exciting direction,” says Mads Klarskov, Chief Commercial Officer at PreSeed Ventures.
About Airtame
Airtame is used by more than 10,000 organizations worldwide to make over 110,000 rooms and spaces more engaging, and is trusted by people to facilitate over 1.5 million meetings and classes each month.
Founded in 2013, Airtame has grown to a company of over 80 people with offices in New York, Copenhagen, and Budapest.
www.airtame.com
Contact: Chief Marketing Officer, Celine Fosse, tel. +45 5194 4430, celine.fosse@airtame.com
About Denmark’s Export and Investment Fund
Denmark’s Export and Investment Fund is the result of a merger of EKF Denmark’s Export Credit Agency (EKF), the sovereign investment fund of Denmark, Vaekstfonden and the Danish Green Investment Fund. Based on one single point of contact, Danish companies can now gain access to state financed risk capital. This way, we can help to make Denmark richer and the world greener.
www.eifo.dk
Contact: Communications advisor, Sara Kleist, tel.: +45 4237 2950, skl@vf.dk
About PreSeed Ventures
For more than two decades, PreSeed Ventures has scouted, mentored, and funded Danish success stories like Vivino, Trustpilot, Lunar, Seaborg Technologies, and Glycom. Today, they are building a new kind of Venture Capital firm. They like to call it a Venture House – a branded house spanning PSV Tech01, their agnostic pre-product/market fit fund, PSV DeepTech Impact, the new fund they’re currently raising, The PSV legacy fund, where PreSeed Ventures act as Portfolio manager for the Danish government, Greenpact where they help ClimateTech solutions into the world with DTU, PSV Academy, their startup school where they actively foster next-gen founders and not least PSV core, their operations, business development, and platform for supporting all business units within a number of disciplines.
www.preseedventures.dk
Contact: Head of ESG & Public Relations, Camilla Møller Espersen, tel.: +45 2671 9620, cme@preseedventures.dk
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