DEAL TALKS: Ivar Siimar of Trind Ventures talks about $1M pre-seed funding round into Taimer

20 May 2020
DEAL TALKS: our member Trind Ventures participated in the 1M USD pre-seed funding round into Taimer. EstVCA asked 3 questions about the deal from Trind VC partner Ivar Siimar.

1. What makes Taimer unique?
The team of Taimer has achieved a lot and won the trust of 400 SME clients in 8 countries. Eero Saarinen has a long experience in developing business management software. Fredi Palmgren is excellent in marketing and Tero Alanen as the CEO brings years of enterprise sales skills to the team. We are excited about that and believe that the Taimer team is well-positioned to achieve exceptional growth.

2. How is the investment used?
Taimer had healthy growth before our investment. Now they have the resources to grow even faster. We are happy that the team will be assisted in the resource allocation decisions by Reima Linnanvirta, the experienced FiBAN chairman, who joined Taimer as an investor and Chairman of the Board.

3. Impact and diversity
The company is simplifying the workflows for small and medium-sized companies in Europe. 25% of the employees are women and 25% hail from many different geographies other than Finland.

Key advisors
A local small law firm and one of the shareholders, put in a lot of effort to make the deal happen.

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