Timely has been bootstrapped since its inception, which has a ton of great advantages, but also its downsides. We’ve had to skip a lot of cool stuff simply because we didn’t have the resources to build them. This funding changes that and allows us to build the product we’ve dreamed of. We’re now hiring a lot of amazing people help us on the journey and would love to talk to you.
Now choosing an investor is super hard. This isn’t a one-time thing or a short-term fling. This is marriage. The you-don’t-divorce-me kind of marriage. So we took our time and eventually ended up with what we think are two exceptional partners; Snö Ventures and 500 Startups.
What does this mean for me as a user?
You, our beloved user, should feel great! Most of this money will be used to hire more people, and as we ramp up the team, you can expect to see new features being created way quicker. Bugs will be squashed faster and overall quality will improve. You’ll even finally get that Android app you’ve been asking for!
In addition to that, we here at Timely have a vision for time tracking that we haven’t been able to create yet. Now we’re going to be able to do that.
Media coverage
The news got quite the media attention in Norway.
We also made the frontpage of Finansavisen and had a full page in Dagens Næringsliv. Pictures below:
Timely in Finansavisen (top) and Dagens Næringsliv (bottom) Here’s a list of some other articles regarding the funding:
- Time tracking app Timely lands $1 million seed round from SNÖ Ventures and 500 Startups — Tech.eu
- For to år siden bodde han i et skap — nå er tjenesten hans verdsatt til 41 millioner — Digi.no
- Mathias (25) vil gjøre verden mer produktiv — og får åtte mill. til å realisere drømmen — DN.no
- Satset leiligheten på app — bygget selskap til 41 mill. — Hegnar.no
- Norske Timely henter 8,1 millioner kroner fra SNÖ Ventures og 500 Startups — Shifter.no
- Uppman satser på ung gründer — Kampanje.com
Thanks for believing in Timely and being a customer! We’re eternally grateful and can’t wait to show you what we have in store for the future!
