Swedish Startup Space

Hasso Plattner Ventures joining group of investors – Hansoft expands first round of financing to $10 million

Written by on July 1, 2014

The Uppsala company Hansoft – eponymous tool for team collaboration and management in Agile software development: “We are truly excited that Hasso Plattner Ventures have joined our team of investors. Their international network and experience will help us bring Hansoft to a much wider group of users. So many companies today find themselves managing very large teams making software products or software enabled services. By taking their agile practices to a next level they can quite significantly boost their productivity and innovation, and Hansoft is the tool to enable this increased competitiveness,” said Patric Palm, Hansoft CEO and co-founder.

The fast growing Swedish company has been self-financed and profitable since day one. It is owned by its founders Erik Olofsson, Hans Andersson, Patric Palm. To further accelerate growth worldwide Hansoft recently raised its first round of financing led by leading Nordic venture capital firm Creandum. Hasso Plattner Ventures increased the amount to $10 Mio. and closed the round.

“Hansoft have already proven themselves able to punch way above their weight, both in terms of creating a fantastic product with leading capabilities, and also their ability to score large enterprise deals in competition with much larger players. I’m thrilled to see what they can do with the larger muscles they are now provided,” said Shmuel Chafets, Partner at Hasso Plattner Ventures.

Hansoft is used for development of products and services by the most demanding teams in industries such as Electronics, Aerospace, Space, Game Development, and Telecom. These companies need to accelerate time to market, while improving overall productivity and quality. Hansoft helps them achieve this by enabling better practices for boosting innovation and scaling Agile software and hardware development. Hansoft is based out of Uppsala, Sweden, and San Francisco, USA, and recently Tokyo, Japan.

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