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HappySignals Raises €4.7 million in Series A Round of Financing

By HR Tech Outlook | Thursday, September 24, 2020

HappySignals has measured the happiness and productivity of over two million employees in enterprises and businesses, such as Campari Group, Equinor, and Cargotec, across 130 countries.

FREMONT, CA: Helsinki-based HappySignals, an employee experience management platform provider, successfully closed a €4.7 million series A funding round led by Nauta Capital with Vendep Capital also in participation. To date, the startup has raised €6.2 million in total funding.

Top 10 Employee Wellness Consulting/Service Companies - 2020“We believe happiness and productivity are the keys to transforming business IT culture for the better,” said HappySignals CEO Sami Kallio.“We do this by giving enterprise IT leaders the employee experience data they need to make outcome-focused IT decisions that drive digital transformation.”

“In Nauta Capital, we’ve found the perfect partner to help us scale operations. Their strong track record of supporting B2B disruptors represents a wealth of experience that will ensure we make the right moves going forward. We are also extremely thankful for the continued support of Vendep Capital, who has been with us almost two years now.”

HappySignals will further its mission of helping enterprise IT leaders identify what needs to change so they can build happy, productive cultures that drive digital transformation by scaling operations in Europe and the US. Customers of HappySignals have seen a 26 percent reduction in time lost to IT-related issues.

“We were impressed by Sami and the team at HappySignals,“ said Carles Ferrer, a London-based General Partner at Nauta Capital. “Their experience in IT service design, software, and building companies speaks for itself, but furthermore, the company has proven to be very resilient as it has grown during an extended period of a global lockdown. What they’ve done so far with a very small team and limited funding is extremely impressive, and we are excited to see what they accomplish with the additional investment.”

Sakari Pihlava, General Partner at Vendep Capital, added, “We made our original investment in HappySignals because we strongly believed in the team and their mission to build exceptional enterprise service experiences that make a real difference. “We’re proud to continue our support in this latest funding round.”

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