Oveo announced a €1 million funding round backed by Danish investors Vaekstfonden and PreSeed Ventures

Oveo, a Copenhagen, Denmark-based SaaS developer of a solution aggregating other SaaS platforms, announced the completion of a €1 million ($1.2M) funding round.

The money was raised from investors from Denmark, including Vaekstfonden and PreSeed Ventures and with a contribution from angel investor Ole Andersen. Proceeds will be used for product optimization and marketing.

Oveo, founded in 2019 and led by CEO Michael Fornander, is a software startup that developed an intelligent SaaS platform providing a complete, automated overview of all the company’s additional SaaS platforms.

The company, supported by 13 employees, sells the solution as a freemium to other companies with 50-500 employees. Oveo previously raised €300K pre-seed investment from 70 Ventures.