Flowhaven to get a $16 million Series A financing round backed by Sapphire Sport and existing investors Global Founders Capital and Icebreaker.vc.

Flowhaven, a Helsinki, Finland-based software startup operating a Licensing Relationship Management platform (LRM), announced the completion of a $16 million series A funding round.

The money was raised from investors led by Sapphire Ventures (via Sapphire Sport), which led the round, and included financial contributions from existing investors Global Founders Capital and Icebreaker.vc.

Proceeds will fuel the next phase in the company's growth, including expanding its leading brand licensing platform, and building on its global sales and marketing operations across the US, Europe, and Asia.

Flowhaven, founded in 2016 and led by CEO Kalle Törmä, built a software solution on top of Salesforce that  automates every phase of the brand licensing workflow process, including planning and strategy, account and agreement management, content distribution, design approvals, royalty reporting and more.

The platform enables any brand, large and small, to manage the entire lifecycle of a licensing partnership, and prevent communication gaps.

Flowhaven previously raised about $5.5M.