Investment to Drive Innovation in Product Data Insights and Enhance Value for Retail and CPG Customers

NEW YORK, Jan. 29, 2025 — Harmonya, the AI-powered platform for product data enrichment, insights, and attribution serving CPG brands and retailers, today announced a strategic investment from dunnhumby ventures and its existing investors, Bright Pixel Capital and Team8. This investment reflects a shared commitment to advancing AI-driven solutions and enhancing value for the retail and consumer packaged goods ecosystem. This influx of capital will accelerate Harmonya’s 2025 product roadmap, enabling new use cases and faster time-to-value for both brands and retailers.

The investment and broader collaboration aim to accelerate Harmonya’s growth and innovation while enhancing dunnhumby’s suite of advanced data and AI propositions. Harmonya and dunnhumby plan to leverage their combined expertise to address critical market challenges, deliver actionable insights, and create opportunities for their customers to drive sustainable growth.

“We are honored to partner with dunnhumby. Their strategic investment represents a powerful vote of confidence in our vision and technology,” said Cem Kent, Co-Founder and CEO of Harmonya. “Together, we will help the world’s largest CPG and retail companies solve their toughest data challenges and achieve new levels of success.”

“To thrive in today’s dynamic market, key retail decision makers need to view products and their attributes from the consumer’s perspective. We are thrilled to support Harmonya’s brilliant team and AI-powered approach to making product information meaningful by solving this critical product attribute inconsistency problem,” said Leo Nagdas, Head of dunnhumby ventures. “We look forward to collaborating on our mission to transform often inconsistent, disparate, and complex product data sets into meaningful and actionable strategic assets that deliver rapid efficiencies and value across organizations.”

About Harmonya
Harmonya is redefining how CPG brands and retailers approach product data. Our AI-powered solutions for product data enrichment, insights, and attribution transform static product information into actionable intelligence, helping businesses navigate today’s data-driven economy with speed and confidence.

By combining cutting-edge AI technology with a deep understanding of CPG and retail, Harmonya enables Fortune 500 companies, including six of the top 10 global CPG brands, discover trends, improve decision-making, and achieve measurable growth.

With over 20 million products, hundreds of categories, and more than $500 billion in tracked annual sales, Harmonya offers the industry’s most comprehensive enriched data coverage. Our team of experts spans offices in New York and Tel Aviv, dedicated to driving innovation for iconic brands like Coca-Cola, Unilever, PepsiCo, Nestlé, and Mars Petcare. Learn more at www.harmonya.com.

About dunnhumby ventures:

dunnhumby ventures is dunnhumby’s strategic venture capital and ecosystem-led innovation arm with a mandate to partner and invest in early-stage retail technology start-ups that embrace data and artificial intelligence for innovation along the customer’s path to purchase. Backed by dunnhumby -the global customer data science leader- dunnhumby ventures seeks to foster industry collaboration via the Retail Innovation Network, its exclusive ecosystem of senior retail innovation leaders, and seeks to align with founders at an early stage to supercharge their ability to take innovation to market by tapping into dunnhumby’s retail industry expertise, data science assets, and global retailer and supplier partner network. Its focus areas include artificial intelligence (AI), data capture and enrichment, retail media, loyalty and customer engagement, category management, supply chain, and commerce.

SOURCE Harmonya

Cybersecurity start-up accelerates development and GTM efforts to bring strength of agentic AI to enterprise and managed security service provider SOCs

TEL AVIV, Israel and DALLAS, Jan. 29, 2025 — Conifers.ai today announced $25 million in funding, as well as the formal launch of the company and its Conifers CognitiveSOC™ platform. This native AI platform helps organizations solve critical security operations center (SOC) challenges at scale, increasing effectiveness and efficiency, reducing risk, and increasing proactiveness to achieve SOC excellence.

Led by security industry veterans Tom Findling, Alon Yotvat, and Mark Kurman and backed by SYN Ventures, Picus Capital, and others, Conifers brings the power of agentic AI as a force multiplier to SecOps teams. Conifers enables customers to use AI to rapidly investigate complex, multi-tier security incidents at scale, with confidence and trust, and with the tools and portals they already use. This has resulted in increasing investigation accuracy by up to 8% compared to humans and reduced total end-to-end investigation time by up to 87%. Conifers CognitiveSOC platform also provides qualitative analytics and strategic KPIs that translate tactical results into measurable achievements and help build trust in the technology.

According to Tom Findling, Co-Founder and CEO of Conifers, “This is the year companies will start demanding more and compromising less for SecOps. According to leading industry analyst firms, SOAR is now obsolete and the opportunity for AI-based solutions is ripe for the taking. Our enterprise and MSSP customers are looking for solutions that tackle not just basic, Tier 1 problems but also more complex ones. They need to measure ROI and value beyond standard operational metrics like MTT(x)—to understand true business impact. The stakes are far too high to make the uncomfortable compromise between efficiency and effectiveness. They now need both for SOC excellence at a time when cyber attacks are at an all-time high.”

The Conifers CognitiveSOC platform was designed to continuously ingest an organization’s ever-growing stream of security incidents and, in conjunction with its institutional knowledge, provide deep, contextual investigations. Conifers’ ability to continuously ingest and leverage institutional knowledge results in greater accuracy and consistency in its findings. Its patent-pending architecture ensures the right combination of AI techniques will be used on each incident analysis for more efficient and accurate incident resolution with predictable costs. Through its unique staged implementation framework, Conifers provides organizations with a proven process that builds trust and confidence in adopting AI in the enterprise.

“We are thrilled to partner with Conifers as it assists SOC teams in solving their most challenging investigations with its AI-native platform, CognitiveSOC. Conifers promptly solves complex incidents and frees up the Tier 1/2/3 analysts responsible for these triage processes, enhancing both the effectiveness and efficiency of provider and enterprise SOCs,” said Jay Leek, Managing Partner and Co-Founder of SYN Ventures.

“Operating in large-scale deployments across the enterprise and providers, the Conifers CognitiveSOC demonstrates real business value,” said Rutger de Boer, CTO of DTX. “As a service provider, implementing Conifers CognitiveSOC has enabled us to expand our offerings and business. By leveraging Conifers’ smart AI approach, we can increase the quality and accuracy of its offerings. Additionally, with the power of smart AI, DTX can stay ahead of the speed of adversaries’ attacks.”

Resources:

About Conifers.ai
Conifers.ai is transforming security operations centers (SOCs) with its AI-native Conifers CognitiveSOC™ platform, enabling enterprises and managed security service providers (MSSPs) to achieve SOC excellence. By leveraging agentic AI, Conifers empowers security teams to investigate complex, multi-tier incidents at scale with confidence, efficiency, and accuracy. Led by seasoned industry veterans and supported by SYN Ventures, Conifers is committed to addressing critical SecOps challenges through innovative solutions that enhance operational effectiveness, advanced investigation reasoning, and decision-making capabilities. With its unique staged implementation framework and patent-pending architecture, Conifers.ai builds trust in AI adoption, delivering measurable ROI and business impact. Learn more at https://www.conifers.ai/.

Media Contact:
Danielle Ostrovsky
Hi-Touch PR
[email protected]

SOURCE Conifers.ai

• Sopra Steria erwirbt über Sopra Steria Ventures Beteiligung an Quantum-Start-up 
• Ziel der Investition ist es, Unternehmen beim Einsatz von Quantentechnologie zu unterstützen

PARIS und HAMBURG Deutschland, 29. Januar 2025 — Sopra Steria, ein führender europäischer Tech-Player, gab gestern seine Beteiligung über Sopra Steria Ventures an der zweiten Finanzierungsrunde (Series B Funding) des Start-ups Alice & Bob bekannt – einem der weltweit führenden Unternehmen auf dem Gebiet Quantencomputing mit integrierter Fehlerkorrektur. Die Beteiligung stärkt die führende Position von Sopra Steria in der Quantum-Szene.

Das Start-up-Unternehmen Alice & Bob hat sich auf die Entwicklung von Quantenprozessoren spezialisiert. Ziel ist, Quantencomputer zu entwickeln, die in naher Zukunft in größerem Maßstab eingesetzt werden können. Die Quanteninformatik hat das Potenzial, die derzeitige Technologielandschaft radikal zu verändern. Dieser schnell wachsende Markt zieht bereits Technologieführer wie Google, Amazon und IBM an und könnte bis 2030 ein Volumen von 2,3 Milliarden Euro erreichen. Vor diesem Hintergrund wird die von Alice & Bob entwickelte Technologie Unternehmen aller Größenordnungen in die Lage versetzen, ihren technologischen Reifegrad zu bewerten und neue Anwendungsfälle auszuloten. Damit wird die Einführung des Quantencomputings in verschiedenen Geschäftsbereichen beschleunigt.

„Die Beteiligung von Sopra Steria Ventures an Alice & Bob ist ein wichtiger Schritt, um die Innovationsführerschaft von Sopra Steria im Bereich Quantencomputing auszubauen. Mit seiner wegweisenden „Cat-Qubit”-Technologie hat das Start-up das Potenzial, die Skalierung von Quantencomputern effizienter und zugänglicher zu machen”, sagt Darius Selke, Head of Sopra Steria Ventures Deutschland. „Für unsere Kunden in Deutschland – insbesondere in den Branchen Finanzdienstleistungen, Verteidigung, Transport und Telekommunikation – bietet diese Partnerschaft neue Chancen. Sie können frühzeitig von den Möglichkeiten des Quantencomputings profitieren und ihre technologische Wettbewerbsfähigkeit sichern. Ich freue mich, dass Sopra Steria Ventures dabei eine zentrale Rolle spielt und Unternehmen die notwendige Expertise und strategische Unterstützung bietet, um den Übergang in die Quantenära erfolgreich zu gestalten.”

Weg ins Quantencomputing-Zeitalter ebnen

Alice & Bob und Sopra Steria haben das Potenzial, Großunternehmen bei der Festlegung ihrer Quantum-Roadmap für 2030 zu helfen. Die Investition zielt darauf ab, Unternehmen beim Übergang in das Zeitalter der Quantencomputer in verschiedenen Branchen Sektoren wie Luft- und Raumfahrt, Verteidigung und Sicherheit, Finanzdienstleistungen, Verkehr und Telekommunikation zu unterstützen. Sopra Steria Ventures ist von der Spitzenkompetenz von Alice & Bob und der Fähigkeit ihrer Technologien überzeugt, die Einführung von Quantencomputing zu beschleunigen und eine neue Quelle nachhaltiger Wertschöpfung für ihre Kunden zu schaffen.

„Quantencomputing wird die Technologielandschaft verändern und unseren Kunden revolutionäre Möglichkeiten bieten. Deshalb engagieren wir uns für die Zusammenarbeit mit den besten Akteuren des Sektors, darunter Alice & Bob, und investieren aktiv in diese Zukunftstechnologie”, kommentiert Socheat Chhay, Managing Director von Sopra Steria Ventures. „Alice & Bob, ihr visionärer Ansatz und die Exzellenz ihrer Teams haben uns überzeugt, und unsere Investition zeigt unser Vertrauen in ihr Projekt.”

Sopra Steria Ventures ist für Investitionen und strategische Partnerschaften von Sopra Steria mit Start-up-Ökosystem verantwortlich. Die Einheit fördert Kooperationen mit und Beteiligungen an jungen Firmen. Sopra Steria vertieft so das eigene Leistungsangebot, insbesondere auf den Gebieten generative KI, Quantum, Virtual Realiy und Cybersecurity sowie Nachhaltigkeit und Blockchain. Mit Investitionen zwischen 250.000 € und 1,5 Mio. € arbeitet das Team eng mit Start-ups zusammen, um deren technologische Reife zu erhöhen und Synergien mit dem Partner-Ökosystem zu schaffen, was den Kunden der Gruppe zugutekommt.

Kontakt für Medien
Laura Bandiera
[email protected]

Copyright ©2025 Sopra Steria. All rights reserved. Sopra Steria and its logo are registered trademarks of Sopra Steria.

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Company Announces Record Financial Results at 43rd Annual J.P. Morgan Healthcare Conference

MENLO PARK, Calif., Jan. 28, 2025 — BillionToOne, a next-generation molecular diagnostics company, announced record financial results at this year’s J.P. Morgan Healthcare Conference in San Francisco. In 2024, the company’s revenue reached $153 million, more than doubling from $72 million in 2023.

BillionToOne’s success has been driven primarily by its prenatal testing business, which has captured an estimated 15% market share in the U.S.

“We saw strong momentum in our prenatal business during 2024, with tremendous revenue growth and profitability in the fourth quarter,” said Dr. Oguzhan Atay, Co-founder and CEO of BillionToOne. “We have achieved robust prenatal business growth with a fraction of the sales force size of our largest competitor, demonstrating the power of our technology and differentiation that our products have.”

Building on its success in prenatal testing, BillionToOne is now accelerating its expansion into the oncology liquid biopsy market for late-stage cancers, estimated at over $20 billion, supported by a $130 million Series D financing round secured last summer. The company’s Northstar Select® and Northstar Response® assays, designed for therapy selection and treatment response monitoring, have demonstrated superior detection capabilities. For instance, Northstar Select identified 51% more single nucleotide variants than competing solutions, while doubling the detection of copy number variants, as presented at the latest ASCO Conference. Launched in 2023, Northstar has made significant commercial progress this year and exceeded 3,000 ordered tests in Q4 alone. BillionToOne is also developing a tumor-naive minimal residual disease test, targeting an additional $30 billion market opportunity.

BillionToOne, which currently employs more than 500 people, plans to expand its workforce by at least 100 new employees throughout 2025 to support continued growth.

To learn more about BillionToOne, visit www.billiontoone.com.

About BillionToOne
Headquartered in Menlo Park, California, BillionToOne is a precision diagnostics company on a mission to make molecular diagnostics more powerful, efficient, and accessible for all. The company’s patented Quantitative Counting Templates™ (QCT™) molecular counting platform is the only multiplex technology that can accurately count DNA molecules at the single-molecule level. For more information, visit www.billiontoone.com.

Forward-Looking Statements:
This release includes forward-looking statements and preliminary financial results for the fiscal year ending December 31, 2024. These results are unaudited and based on management’s initial review. They are subject to change following our year-end procedures and audit, and actual results may differ. The preliminary results are not comprehensive and should not replace full audited financial statements. Forward-looking statements are based on current expectations but are subject to change, and we disclaim any obligation to update them. Our statements involve risks and uncertainties, such as potential changes in preliminary results, challenges in meeting financial goals, ongoing net losses, quarterly fluctuations, and inaccuracies in forecasts.

Media Contact: [email protected]

SOURCE BillionToOne

DALLAS, Jan. 28, 2025 — MTX Group, a global leader in technology consulting and digital transformation, is excited to announce incentive funding by Snowflake Inc., a fully managed platform that powers the AI Data Cloud. MTX Group has been awarded incentive funding through the Snowflake Cloud Fund Program and Snowflake Accelerating Migration with Partners (AMP) initiative. This funding will support significant projects aimed at enhancing state and local government services. This incentive funding highlights Snowflake’s commitment to supporting the unique needs and use cases of the public sector.

The MTX Group and Snowflake partnership will accelerate the development of innovative data solutions, and modern data architectures that prioritize citizen needs and drive meaningful innovation in how critical government services are being delivered.

“Receiving this incentive funding highlights the strength of our partnership with Snowflake and our shared mission to drive impactful solutions for communities,” said Dan Osborne, Chief Client Officer at MTX Group. “This support enhances our ability to deliver meaningful outcomes for government agencies and their constituents. We are excited to leverage this funding to drive positive outcomes.”

Key focus areas include:

• Driving Innovation Across Industries: Collaborating to implement innovative solutions that enhance efficiency across sectors.
• Empowering Advanced Data Management and Analytics: Unlocking insights and enhancing data-driven strategies.
• Maximizing Data Utilization for Public Sector Initiatives: Optimizing data sharing and access for creating positive public sector outcomes.
• Streamlining Processes and Enhancing Decision-Making: Utilizing real-time analytics to refine workflows and support informed decision-making.

“MTX Group’s innovative work in state and local government aligns with Snowflake’s vision for public sector transformation. This investment reflects our confidence in MTX’s ability to create meaningful community impact while showcasing the power of data-driven solutions in government,” said John Whippen, RVP, US Public Sector SLED at Snowflake.”

MTX Group plans to utilize the incentive funding to support a major Emergency Relief and Respite Center project in a large city. This initiative will enhance the intake process for asylum seekers, improving data collection and tracking services such as housing assignments and transportation. In the first week alone, over 200 staff users were onboarded, and more than 1,200 asylum seekers were processed. Additionally, MTX Group developed an application that has served over 40,000 guests, facilitating housing assignments and transfers between facilities.

Highlights of the Partnership:

• Incentive Funding: MTX Group awarded incentive funding through the Snowflake Cloud Fund Program and AMP initiative to support innovative public sector projects.
• Innovative Solutions: Combining Snowflake’s advanced cloud technology with MTX Group’s expertise for advanced data management solutions.
• Accelerated Digital Transformation: Enhancing efficiency in data utilization and decision-making.

About MTX Group

MTX is a global technology consulting firm that serves as a trusted advisor for government agencies and businesses to modernize through digital transformation. With data as the new currency, MTX helps transform long-term strategy with outcomes focused on happiness, health, and economics. By partnering with leading cloud technologies, MTX improves decision-making with speed and quality.

SOURCE MTX Group

ST. PAUL, Minn., Jan. 28, 2025 — iotaMotion, Inc., a leader in developing advanced robotic-assisted systems for cochlear implant surgery, announced a major milestone in its mission to advance cochlear implant surgery beyond human capability. Following the first full year of commercialization, there are 25 centers across the United States now offering the iotaSOFT® Insertion System.

As the first and only robotic-assisted system available in the United States for cochlear implantation, iotaMotion is developing a market for the technology among surgeons and patients. Validated by a rapid utilization increase and expanding center access, including ten neurotology fellowship programs offering the technology, there is a clear need for the iotaSOFT Insertion System.

The advanced technology is designed to provide a controlled electrode array insertion during cochlear implant procedures, resulting in less trauma to the cochlea when compared to manual insertions.

“We are incredibly proud of the impact the iotaSOFT Insertion System has had on the cochlear implant market,” said Mike Lobinsky, President & CEO of iotaMotion. “Creating a market for robotic assistance and then subsequently generating demand for the technology has resulted in some of our centers demonstrating a 20% increase year over year cochlear implant program growth compared to the market average of 7%.”

Looking forward to 2025, iotaMotion is well-positioned to continue the momentum of commercial expansion. With Series B funding secured, iotaMotion will use the growth capital to scale commercial operations while driving further innovations in the field of cochlear implantation. The Series B raise also came with an expansion of our Board of Directors with the welcome addition of Jeff Hopkins. Hopkins, a seasoned leader with 30 years of experience in medical technology, has a proven track record of driving strategic growth and creating value for patients and healthcare providers. Notably, he led JNJ’s Acclarent ENT business through a successful turnaround and expansion into the otology and cranial navigation guidance markets.

“I am excited to take an active role on the board of iotaMotion as they disrupt the cochlear implant industry,” said Hopkins. “The technology is impactful for patients with advanced hearing loss and will broaden adoption of neurotology treatments.”

“The completion of our Series B round and addition of Jeff Hopkins to our board, coming on the heels of an exceptional first full year of commercialization, underscores the market’s confidence in our technology,” said Lobinsky. “2025 will be a year marked by rapid commercial growth and continued success in building a robotic-assisted market for cochlear implantation.”

About iotaMotion

iotaMotion, Inc. is a medical technology company based in St. Paul, MN, dedicated to advancing the outcomes of cochlear implantation through innovative, robotic-assisted solutions. The company’s flagship product, the iotaSOFT® Insertion System, offers a groundbreaking approach to cochlear implant surgery by providing enhanced control beyond the capability of a human hand during electrode array insertion. iotaMotion aims to provide hearing professionals with tools to improve patient outcomes and preserve intracochlear structures.

For more information, visit www.iotamotion.com or contact Wade Colburn, Vice President of Marketing and Clinical at [email protected].

SOURCE iotaMotion, Inc.

• Sopra Steria, via Sopra Steria Ventures, acquires a stake in Alice & Bob
• The aim of this investment is to enhance a range of services to support companies in their quantum transformation.

PARIS, Jan. 28, 2025 — Sopra Steria, a major player in the European Tech sector, today announced its participation in the Series B funding round of the start-up Alice & Bob, one of the world leaders in the race for quantum computing with integrated error correction, via Sopra Steria Ventures. This transaction reinforces Sopra Steria’s position at the forefront of the quantum scene.

Alice & Bob is a start-up specialising in the design of quantum processors to develop quantum computers capable of being scaled up in the near future. Quantum computing has the potential to radically transform the current technological landscape. This fast-growing market is already attracting technology leaders such as Google, Amazon and IBM, and could reach €2.3 billion by 2030. Against this backdrop, the technology developed by Alice & Bob will enable businesses of all sizes assess their technological maturity and explore new use cases, accelerating the adoption of quantum computing across multiple business sectors.

“Quantum computing will transform the technological landscape, offering revolutionary opportunities to our clients, which is why we are committed to collaborating with the best players in the sector, including Alice & Bob, and to actively investing in this technology of the future,” comments Socheat Chhay, Managing Director of Sopra Steria Ventures. “We were convinced by Alice & Bob, their visionary approach to the subject and the excellence of their teams, and our investment illustrates our confidence in their project.”

Towards new quantum horizons

Alice & Bob and Sopra Steria have the potential to help large companies define their quantum roadmap for 2030, enabling them to meet the challenges of fast-changing sectors and remain competitive.

Learn More: https://www.soprasteria.com/newsroom/press-releases/details/sopra-steria-takes-part-in-alice-bobs-fundraising-drive

CONTACT: Laura Bandiera, [email protected]

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• TravelPerk is an all-in-one SaaS business travel platform that aims to give travelers the freedom they want whilst providing companies with the control they need 
• EQT Growth co-leads the round, which values TravelPerk at USD 2.7 billion, alongside Atomico; round also joined by new investors Noteus Partners and Sequoia Capital, as well existing investors like General Catalyst, Kinnevik, Softbank Vision Fund, and Blackstone
• Alongside the financing, TravelPerk announces that it has acquired Yokoy, a leading spend management platform, to create an integrated Travel and Expense Management platform

STOCKHOLM, Jan. 28, 2025 — EQT is pleased to announce that EQT Growth, which aims to support fast-growing technology companies as they continue to scale, has co-led a USD 200 million Series E in TravelPerk. The investment is also led by Atomico, with participation from Noteus Partners and Sequoia Capital, as well as existing investors, including Kinnevik, General Catalyst, Softbank Vision Fund, and Blackstone. The oversubscribed round brings TravelPerk’s valuation to USD 2.7 billion.

As companies face greater economic pressures and more complicated regulatory environments, they are increasingly looking for fully integrated solutions that bring travel and expenses together into one automated platform. TravelPerk’s end-to-end experience simplifies business travel management, streamlining processes and helping companies better control costs. With the acquisition of Yokoy, a leading spend management platform, and through integrations with expense management partners, TravelPerk is well positioned to provide small & medium businesses in Europe and the US highly localized solutions that suit individual needs, while preserving freedom of choice and flexibility.

Founded in 2015 and today headquartered in Barcelona, TravelPerk has recorded 50 percent annual growth over the last two years and reached EBITDA break-even at the end of 2024. The new funding will be used to further accelerate growth, with continued expansion into the US market alongside significant investments into product, technology and AI.

Carolina Brochado, Partner at EQT Growth, who will join the TravelPerk Board, said: “TravelPerk is a clear digital-native leader in the multi-hundred-billion corporate travel market. Most small and mid-market businesses remain unmanaged and underserved in this space. Having followed the TravelPerk team for years, we’ve been consistently impressed by their focus, tenacity, and ambition in disrupting the industry. Their proprietary use of AI is among the best we’ve seen, enabling faster, smarter service for their customers. With the Yokoy acquisition, their product evolves into a true end-to-end T&E solution, further powered by AI.”

“Until now, customers had to make hard trade-offs: an integrated platform or separate, best-in-class travel and expense solutions. A platform delivering a great end-user experience or one focused on the experience for Finance,” commented TravelPerk President and Chief Operating Officer, JC Taunay-Bucalo. “Customers don’t have to compromise anymore. Now, they can have a leading travel management product built on the world’s largest inventory, combined with an expense management product that works for their business.”

Avi Meir, TravelPerk CEO and Co-Founder, added: “Our focus has never been stronger as we expand across core markets, accelerate growth in the US, and now work to become the number one travel and expense management platform. Our partnership with Yokoy has already been a great success, and we are excited to take it to the next level by welcoming Phil, Devis, and the rest of the team to TravelPerk. We share a common vision for the role of AI reshaping the future of travel and expense management, and the innovation coming out of Yokoy’s AI labs in Zurich is seriously impressive.”

Contact
EQT Press Office, [email protected] 

This information was brought to you by Cision http://news.cision.com

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SAN FRANCISCO, Jan. 28, 2025 — At Roofr, we have always made it our priority to be people-first. We believe that starts with listening to our customers and our team. Since Roofr’s inception in 2016, our team has focused on connecting with roofers, hearing their ideas and common frustrations, and building a product they want and need to help grow their businesses. We’ve spent late nights, early mornings, and weekends replying to Facebook comments in roofing groups, calling our users for feedback, and attending trade shows to get honest opinions on what we can do better. Guess what? It worked.

We have taken that feedback and moved quickly. We built an end-to-end roofing platform that is powerful, fast, and effective. We built scalable tools like measurement reports, lead capturing, proposals, payments, invoicing, material ordering, workflow automation, event tracking, job boards, customer communications, and much more. We spoke with experts, both in roofing and in technology, to make our platform easy to use and even easier to implement into everyday operations. Most importantly, we designed it to work the way a roofing business does, and priced it at a point we knew roofing businesses could afford. We focused on creating products and features that make roofers’ lives easier, giving them more time back to reinvest however they saw fit. Many have scaled their businesses, some grossing millions since using the Roofr platform, and all getting more time back to spend with loved ones.

It may sound straightforward: “build what your audience wants to buy”. It’s simple in theory, yet hard to achieve. We saw other tech companies build too many features users didn’t need, and we were adamant about not making the same mistakes. We spoke at length, debated, and challenged each other to build something that would feel natural to use every day, and be easier to use than roofers current methods. Now, over 12,000 roofing companies rely on Roofr, and as our customer base grows, so does our company, product suite, and customer expectations. That means more people, more decisions, and more at stake. There were two truths Roofr Founder & CEO, Richy Nelson, always held steadfast: the first, listen to your users no matter what; the second, create a culture where people want to come to work. With this investment, Roofr will continue to grow by these principles.

For us, a product is only as good as the people who build it. It’s why we have focused so intently on hiring the right people. We don’t prioritize fancy degrees or accolades. We prioritize great ideas, customer obsession, leaders with empathy, and individuals who think unconventionally. From 10 people to 150+, Roofr’s culture has remained rooted in these values. Through dedication, patience, and careful intention Roofr has built a remote environment where people are excited to log in to work every day. By focusing on creating a world-class culture, we in turn have created a world-class product. Now, it’s time to grow our team and platform faster than ever before.

In 2025, Roofr will become the leading operating system that every roofing company needs to scale their business. This round of funding was led by TCV, a venture firm that has supported category-defining companies like Netflix, Spotify, Facebook, Zillow, and Airbnb as well as vertical SaaS leaders like Toast and Clio. ABC Supply, Crosslink Capital, Euclid Ventures, MGFO, and i2BF have also contributed to this round of funding to help reach our goal of hiring talented people to deliver on our product roadmap faster than ever. This includes new products and features like canvassing, marketing, document builder, job costing, work orders, and more.

Tim McAdam, General Partner at TCV, shared the firm’s enthusiasm for Roofr. “We sought out the opportunity to invest in Roofr because of the teams deep industry knowledge and their innovative, customer-first approach to building a roofing software suite filled with productivity enhancing products. We heard from many happy Roofr customers about the quality and breadth of Roofr’s platform and are excited to support the company’s mission of enabling these business owners to be more successful. We believe their technology and services will not only enhance the success of roofing businesses but also modernize the roofing industry.”

With this funding, we plan to hire new teammates in product, engineering, sales, support, customer success, G&A, and marketing. It means big things are coming, and we’re making it our number one priority to find the right people to help make it happen.

Interested in joining our team? Check out our open roles at roofr.com/careers or send your resume to [email protected].

About TCV
For nearly thirty years, TCV has partnered with global, category-defining, technology companies as a leading growth equity investor. Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested $20 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. Select investments include Airbnb, AxiomSL, Built, CCC Intelligent Solutions, Celonis, Clio, Cradlepoint, ETQ, ExactTarget, Expedia, Facebook, Fandango, Genesys Software, GoDaddy, GoFundMe, HomeAway, Miro, Netflix, Nubank, OneSourceVirtual, Prodege, Qonto, Relex, Revolut, SilverPeak, Splunk, Sportradar, Spotify, Toast, Twillio, and Zillow. TCV has a global presence in Menlo Park, New York, London and Melbourne. For more information on TCV and its investments, visit tcv.com.

SOURCE Roofr Inc.