Swedish VC Fairpoint Capital backs ONEiO in €7.2m funding round: here’s why

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ONEiO, a Helsinki-based SaaS startup, announced that it has secured €7.2 million in a new funding round led by Swedish venture capital firm Fairpoint Capital. Previous investors Inventure and Tesi also participated.

The Finnish company will use the funds to accelerate its growth and market expansion in Central Europe and North America.

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“Integrating external service providers into ERP processes allowing for complete transparency and control of the supply chain is nothing new. This is something that has not been a reality in IT departments due to missing standards, much more complex use cases, and a lack of resources. This leads to a situation where companies spend a lot of effort on manual work, updating and moving requests, copying information and data between different internal and external teams and applications, resulting in a poor employee experience, customer satisfaction and inefficient operations. In the end, all parties waste time and money,” says Juha Berghäll, CEO of ONEiO.

“That’s where we come in and provide a simple solution for cloud-based integrations,” he adds.

ONEiO: What you need to know

Founded in 2011, ONEiO aims to eliminate all traditional integration challenges by automating integration delivery as well as production and delivering it as a cloud-based enterprise service with a pay-as-you-go pricing model. affordable use.

The company’s cloud-based integration platform gives internal and external IT service providers and technology service providers a fast way to collaborate between customers, suppliers and contractors.

“Instead of trying to build and maintain IT processes and data integrations on an integration platform (iPaaS), enterprise IT and service providers choose our solution where they can simply s ‘subscribe to the integrations they need,’ says Berghäll.

“We provide them with all the missing pieces and domain expertise as a service from the cloud. Customers can set up even the most complex multi-point process integrations in days instead of weeks or months. We’re not just another integration platform provider, but a cloud-native service provider that knows what it takes to manage and deliver IT services. We went there,” he said.

The company’s clients include CGI, CDW, Bechtle, Cancom, Atos, TietoEvry and companies such as Bayer, Volkswagen and Schindler.

Investors

Based in Stockholm, Fairpoint Capital is a Nordic B2B technology venture capital investor focused on unique technologies and business models.

“We are excited to help the team realize their vision for a revolution in enterprise integrations. The ONEiO team has a proven track record in the field of integration, and its experience shines through in the clear understanding of customer needs. As the company now begins to experience strong growth in the DACH and US markets, we are pleased to help them scale operations to become an international leader in their industry,” said Hadar Cars, Chief Investment Officer of Fairpoint Capital. .

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