Angel investors to back FIBRES Online – Raises a Quarter of a Million Euros to Scale its Foresight Software
February 05, 2021
The company secured approximately 270k euros to boost its international growth in 2021. FIBRES Online is an intelligent cloud-based application for strategic foresight and futures work. The software is primarily used for strategic planning, innovation, and R&D purposes in corporations and consultancies.
Despite the global pandemic, 2020 marked a year of growth for FIBRES Online as existing customers found the forecast software even more valuable in turbulent times.
FIBRES’s customers include top corporations such as Aurecon, Daimler, and Vitesco Technologies, public and research organizations such as Kuntaliitto and VTT, consultancies such as Sextant Advisors, and universities such as Vilnius University.
“Foresight itself is on a strong rise as a working methodology, and certainly of interest to many business leaders: e.g. Gartner recently picked up the theme “Continuous Foresight” onto their Hype Cycle.”, tells Panu Kause, CEO of FIBRES.
The company says that the new investments mark a defining moment for FIBRES.
“Before any seed rounds, still booststrapping, we were able to develop a great tool and gain new customers from among some of the largest companies in the world. Now, with the new equity funding and a strong board of directors, we are ready to accelerate our international growth.”
Investors joining CTO Esa Heikkinen and CEO Panu Kause as shareholders of FIBRES Online include:
Kaj Rönnlund, angel investor and board professional, Finnish Business Angel Exit of the Year 2014,
Sasodagu Invest (Dag Sandås, board professional and advisor),
Marcus Wikars, serial entrepreneur
Petri Kuivala, startup coach and CISO at NXP Semiconductors
Tom Knip, entrepreneur
Veinvest (Karppinen family office)
Damlin Invest (Stefan Damlin, board professional and CEO at Vaasan Sähkö)
S.M. Wikman Holding (Stefan Wikman, Senior Advisor at Roschier)
Jukka-Pekka Mäkinen, co-founder of The Switch
“Our own history is also a transformation story. The company was originally founded as a consulting company 10 years ago (then under the name Necorpoint Ltd). Over the past couple of years, we have deliberately run our consulting business down, and transformed ourselves into a SaaS application/platform company targeting the new global market on the rise.”, Kause tells.
CEO, FIBRES Online
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Communications Strategist, FiBAN