Making sure that a startup company has a clear vision, a carefully crafted company culture and a business model that has been thoroughly validated by customers should be the focal points of the company’s Board work. What else is relevant?
Takeoff Partners' portfolio company Futures Platform has closed a half a million euro equity financing round that was subscribed in full in only six weeks. The company has won tens of new customers in Finland while at the same time getting prepared for international expansion. Futures Platform is a web-based strategic foresight tool that helps companies make analyzing different future scenarios easy, collaborative and continuous.
Product-market fit found with three types of customers
customers have discovered Futures Platform as a valuable addition to their
strategy work”, says Ville Vanhala, CEO of Futures Platform. “We now have more
than 40 customers in Finland that visualize their strategic assumptions about
the future with the help of our tool. We have found the right product-market
fit. Our customer base is equally split between consulting companies, public
organizations, and large corporations. Our public references include Fiskars,
Kemira, Telia, the Finnish Funding Agency for Innovation (Tekes), and the
Finnish National Agency for Education. The need for our product is universal,
so we are well positioned to offer Futures Platform for customers internationally”,
Existing investors committed, new ones on board
”It’s great to see that investors have confidence in the Futures Platform product and team”, says Markko Vaarnas, Chairman of the Board of the company. “It only took us six weeks to complete this equity round, which says a lot about the company’s track record so far and about the momentum it has on the market of future foresight. It’s also a delight to see both current shareholders and new ones committing to invest in the company”, Vaarnas says.
“Futures Platform is an interesting company particularly because its tool makes navigating the future opportunities and threats easy, visual, and interactive. It genuinely helps organizations to prepare for the future. Also, the B2B SaaS business model of Futures Platform makes it internationally scalable, and they have a strong and experienced team”, explains Juha Koski, a seasoned London-based digital entrepreneur, the reasoning for his investment decision.
The group of investors participating in this equity round include Juha Koski, Antti Kemppainen, Ilves Invest, Matti Lapinleimu, Gorilla Ventures, Winterbackwoods Oy, Lennu Keinänen, Tero Sarkkinen, Netprofile Growth+, Pasi Tolmunen, Accio Oy, and Timo Hiltunen.
Try out Futures Platform for free and assess its value for your own organization here.
Ville Vanhala, CEO
ville.vanhala (at) futuresplatform.com
Futures Platform™, www.futuresplatform.com, is a web-based tool that helps organizations build a holistic view of their own future and make winning choices in a changing world. Subscription to the tool provides access to a trends map with inspirational articles and videos curated by future foresight experts. Users can blend in their own insights, assess future changes together with their team, and make educated decisions to seize opportunities and mitigate risks. With Futures Platform™, organizations will have their future radar constantly switched on.