Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

Startup Timely receives investment from Punakaiki Fund
Posted on 21-Jun-2014 19:24. | Tags Filed under: News.



Software startup Timely is set to expand, after receiving $1.3 million of new investment. Chief executive Ryan Baker says the funding will enable Timely to employ more staff and grow their sales and marketing, support, and technical teams. Timely presently employs ten people in New Zealand and two in the United Kingdom.

Monthly sales increased by more than 450 percent at the company in the past year. Timely’s online booking software is used by service businesses such as hair and beauty salons, and health and massage clinics.

“We’re thrilled to get this fuel in the tank. The team is buzzing,” said Baker.

“These are smart tech investors so it’s great having them on board.”

The new investors are Punakaiki Fund and David and Nicki Wilson. They join first round investor, Southgate Labs co-founder Rowan Simpson.
Punakaiki Fund director Lance Wiggs said this was the exact sort of opportunity Punakaiki Fund was created for.

“Timely has a high quality team with great long-term investors and a fantastic product.”

The Wilson Family and Simpson were early investors in software services Xero and Vend, and Wiggs is also a Vend investor.

Baker said the immediate challenge was to get people with experience in the software-as-a-service (SaaS) industry.

“SaaS is an emerging field. Old-school ways of delivering this kind of software don’t cut it. We’ll be looking for people who have spent a couple of years working on other SaaS products, in a range of roles.”


comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Recommend me some TV series to watch? What's your favorite TV series?
Created by timmmay, last reply by networkn on 29-May-2015 23:52 (32 replies)
Pages... 2 3


Canon 70-200 f4 IS - focus problem?
Created by esawers, last reply by joker97 on 27-May-2015 20:11 (31 replies)
Pages... 2 3


Camera for travel etc. Mirrorless?
Created by Stu, last reply by Krishant007 on 30-May-2015 12:18 (77 replies)
Pages... 4 5 6


Best UFB Provider? Spark, Vodafone or Snap?
Created by trakman, last reply by trakman on 26-May-2015 23:30 (19 replies)
Pages... 2


Helmet mounted spotlights - legality?
Created by MikeAqua, last reply by numfarr on 30-May-2015 09:39 (87 replies)
Pages... 4 5 6


Changing of our flag , Yes or No.
Created by Presso, last reply by andrew027 on 28-May-2015 09:21 (143 replies)
Pages... 8 9 10


Whats the rule on selling ONTs (specifically NorthPower ones)
Created by kiwikiwi, last reply by kiwikiwi on 28-May-2015 20:58 (14 replies)

Recommend a laptop
Created by esawers, last reply by Stan on 29-May-2015 20:36 (41 replies)
Pages... 2 3