tamigo raised 9.3 million euro from Viking Ventures.
tamigo, a Copenhagen, Denmark-based company providing software solutions for workforce management, announced the completion of a 9.3 million euro ($10.3M) capital investment raise.
The funding was provided by the venture investment company from Norway, Viking Ventures. Viking Venture has invested directly into the company and bought existing shares but remains a minority investor.
The investment supports tamigo's plan to become the dominating player in Europe within workforce management solutions, especially with a focus on the markets from France, Germany and UK.
tamigo, founded in 2006 and led by CEO Jakob Toftgaard, developed a cloud-based solution that combines scheduling, absence management, performance, employee communication, HR, finance and forecasting. The company works with customers including REMA 1000, Molton Brown, Sitcks’n’Sushi and McDonald’s, and is being used by by over 150,000 users in 18 countries, in particular within retail and hospitality. Employees can easily check in or exchange shifts, payroll automatically receives the correct data to ensure accurate salaries are paid, and management can benchmark across departments and countries.