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:

Bombing at Manchester concert, 19 dead
Created by Rikkitic, last reply by Rikkitic on 28-May-2017 19:06 (174 replies)
Pages... 10 11 12


How much power do you use?
Created by tchart, last reply by floydie on 29-May-2017 20:50 (48 replies)
Pages... 2 3 4


Tax Cuts
Created by tdgeek, last reply by Fred99 on 29-May-2017 22:15 (113 replies)
Pages... 6 7 8


The President Of The USA: Donald Trump
Created by TimA, last reply by frankv on 29-May-2017 09:55 (4373 replies)
Pages... 290 291 292


Tipping? Please no!
Created by BlueShift, last reply by cddt on 27-May-2017 10:10 (104 replies)
Pages... 5 6 7


NZ Herald - Internet providers have backdoor access to customers' modems
Created by RunningMan, last reply by jeffory123 on 29-May-2017 23:12 (47 replies)
Pages... 2 3 4


Molemaps and recommended plastic surgeons for removal.
Created by Paul1977, last reply by MikeAqua on 29-May-2017 14:05 (13 replies)

Fibre 100/20 Mbps plan - should I get this speed
Created by steve2222, last reply by sbiddle on 29-May-2017 20:33 (25 replies)
Pages... 2