Oslo-based Optio, a provider of B2B SaaS equity compensation solutions, announced on Tuesday that it has secured a Series A extension fund from CCAP, a German technology financial investor.
The announcement comes a few months after Optio completed its Series A funding from Nordic investors Futurum Ventures, Skyfall, and Bent Skisaker.
With the extension, the SaaS company successfully raised NOK45M (approximately €3.9M) in its series A and is fully funded.
The company will use the capital to continue its expansion strategy and penetrate new markets, including Germany, Switzerland, the Netherlands, and southern Europe. In addition, it will set up for further international expansion.
“We are very excited to share the next stage of our journey with CCAP. They bring a deep understanding of B2B SaaS, a wealth of financial and operational experience and a wide network to Optio. Optio’s partnership and capital will enable it to expand and take advantage of the substantial market opportunity,” says co-founder and CEO Christoffer Herheim.
Optio: Transforming equity compensation
Founded in 2018 by Christoffer Vikersveen Herheim, Aleksander Hindenes and Mats Gero, Optio is a SaaS company. It provides software and support for the optimisation of all processes related to equity compensation.
The Norwegian company simplifies the complexities associated with employee incentive programs. This enables companies to stay compliant, manage equity, report costs effectively, and maximise the programme’s benefits.
Currently, the company claims to manage over 1,000 equity programmes worldwide for private and publicly listed clients.
The investor
CCAP is a German investment and advisory firm focused on technology, software, data and tech-enabled industries. It leverages its experience and operating partners to help companies execute their strategies.
Christopher Caesar of CCAP says, “We are excited to work with Christoffer, Mats, Knut and the Optio team who have created an outstanding business with an impressive track record of very high and profitable growth expanding from Norway into Sweden, Denmark and now the Rest of Europe. We look forward to leveraging our network and experience to support Optio’s strategy.”
Read the orginal article: https://siliconcanals.com/news/startups/oslo-saas-firm-optio-bags-funding/
