Total amount raised
€45.1 Millions
Latest funding date
03/01/2024
Location
TheyDo has successfully raised $34 million in a Series A funding round, supported by 21 investors including HighSage Ventures and Blossom Capital. The platform offers a comprehensive journey management system designed to help businesses align teams, manage customer data, and uncover opportunities.
Keep reading to explore the intricacies of TheyDo's fundraising journey and the investors backing this innovative platform.
What Is TheyDo?
TheyDo, founded on January 1, 2019, is based in Amsterdam, Noord-Holland, The Netherlands. The company operates in the collaboration, consumer research, productivity tools, and software industries. It was founded by Charles Beaumont, Jochem van der Veer, and Martin Palamarz.
With a team of 51-100 employees, TheyDo offers a journey management platform that helps businesses align teams and manage customer journeys. The platform provides context to structured and unstructured data, aiming to break down silos and enable actionable intelligence.
How Much Funding Has TheyDo Raised?
- Pre-Seed Round
- Amount Raised: $425,000
- Date: June 2020
- Lead Investors: Arches Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the journey management platform and validate the market need.
- Seed Round
- Amount Raised: $1.6 million
- Date: February 2022
- Lead Investors: InnovationQuarter
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A Round
- Amount Raised: $12 million
- Date: December 2022
- Lead Investors: Blossom Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series A+ Round
- Amount Raised: $34 million
- Date: March 2024
- Lead Investors: Blossom Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive product development, expand in the US, and build a community of journey-centric evangelists.
Total Amount Raised: $48.025 million. Current Valuation: Not publicly disclosed.
Key Investors
- Blossom Capital
- Details: Blossom Capital is a venture capital firm that led the latest funding round for TheyDo. They focus on high-growth technology companies.
- Investment Focus Areas: High-growth technology companies, innovative startups, enterprise solutions.
- Notable Investments: Not publicly disclosed.
- Arches Capital
- Details: Arches Capital is an existing investor in TheyDo, known for investing in early-stage technology companies. They have continued to support TheyDo through multiple funding rounds.
- Investment Focus Areas: Early-stage technology companies, innovative startups, regional economic development.
- Notable Investments: Not publicly disclosed.
- InnovationQuarter
- Details: InnovationQuarter is another existing investor in TheyDo, focusing on innovative companies with high growth potential. They aim to foster regional economic development.
- Investment Focus Areas: Innovative companies, high-growth potential, regional economic development.
- Notable Investments: Not publicly disclosed.
- Steven Van Belleghem
- Details: Steven Van Belleghem is a global customer experience evangelist who joined the latest funding round for TheyDo. He specializes in customer experience and go-to-market strategies.
- Investment Focus Areas: Customer experience, go-to-market strategies, customer-centric business models.
- Notable Investments: Not publicly disclosed.
- HighSage Ventures
- Details: HighSage Ventures is a new investor in TheyDo, known for their strong enterprise expertise. They participated in the latest funding round to support TheyDo's growth.
- Investment Focus Areas: Enterprise technology, innovative startups, high-growth companies.
- Notable Investments: Not publicly disclosed.
What's Next for TheyDo?
TheyDo is poised to capitalize on the growing demand for journey management solutions, particularly in the U.S. market. With a robust list of enterprise clients like Cisco and Ford, the company is well-positioned to expand its customer base and deepen its integration with platforms like Qualtrics. This expansion presents a significant opportunity for TheyDo to transform how businesses manage customer journeys at scale.
Future fundraising rounds are likely as TheyDo continues to demonstrate impressive growth and market demand. The company’s focus on AI and data ingestion will attract investors looking to support innovative, high-growth technology solutions. However, scaling operations and maintaining quality will be critical challenges, especially as TheyDo competes with established players in the journey management space.
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