Timely Raises $1 Million in Seed Funding

Written on May 21, 2016

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 12 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. Scroll down to see some of it. Here’s a TV interview on Norway’s biggest news channel TV 2:

We also made the frontpage of Finansavisen and had a full page in Dagens Næringsliv. Pictures below:

Timely in Finansavisen Timely in Dagens Næringsliv Timely in Finansavisen (top) and Dagens Næringsliv (bottom)

Here’s a list of some other articles regarding the funding:

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!

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