01 Feb KPN Ventures invests in Lendis’ €80m series A round
Rotterdam, 21-01-2021 – KPN Ventures, the venture capital investment arm of KPN, announced today to be part of a Series-A funding round in Lendis alongside Circularity Capital, Keen Venture Partners, coparion and HGDF Familienholding GmbH & Co. KG – and the active involvement of existing investors HV Capital, DN Capital and Picus Capital.
“Hybrid work is here to stay” – The Corona crisis has triggered a lasting transformation of the world of work. In the future, people will increasingly do their work from different locations. However, the shift to hybrid forms of work poses major organisational challenges for companies, especially when it comes to onboarding, managing and offboarding employees and their equipment at different locations. While companies like Deel and Remote.com support payroll, the management of equipment and software has been neglected.
Those who want to equip hundreds of employees at different locations efficiently and without high costs and time expenditure in the future need digitalised and largely automated processes. Lendis takes on this challenge and enables companies to digitally order, set up and manage all their work equipment (e.g. laptops, smartphones, office furniture) and software with a SaaS solution.
Lendis receives 80 million euros in a Series A financing round. The round is divided into 30 million euros in equity and 50 million euros in debt. This brings Lendis’ total financing to well over 100 million euros since the company was founded.
The funding is led by investors Circularity Capital and Keen Venture Partners. In addition, coparion, KPN Ventures and HGDF are participating. The existing investors HV Capital, DN Capital and Picus Capital are also involved.
The fresh capital will be used to accelerate the further development of the SaaS solution, which supports companies in setting up and managing their employees’ devices and software in the hybrid working world. By the end of 2023, Lendis also wants to expand internationally and be the leading software solution for hybrid work in Europe. The following goals result from this undertaking:
- Expansion of product functions in order to simplify and automate all processes related to onboarding, management and offboarding as far as possible
- Growth of the DACH market
- Expansion into further European markets
- Doubling the number of employees in the Tech and Product divisions
With the successful Series A financing, Lendis has not only succeeded in raising additional capital for growth. With the investors involved, Lendis can also draw on a lot of know-how in different areas, such as sustainability and software as a service.
About KPN Ventures
KPN Ventures is the investment arm of KPN. KPN has been the leading provider of telecommunications and IT services in the Netherlands for almost 140 years. KPN Ventures focuses on direct and indirect (fund-in-fund) investments in innovative and high-growth European technology companies. The focus is on various telecom-related areas, including: Internet of Things, cybersecurity, digital healthcare, network technology, remote working, etc. KPN Ventures has investments in the following companies, among others: Viloc (BE), Sentiance (BE), Zecops (US), Cloudify (ISR), EclecticIQ (NL), Cybersprint (NL), Dimenco (NL), Smart Photonics (NL), Minut (UK/SE), Wirepas (FI) and Actility (FR).
About Circularity Capital
Circularity Capital was founded in 2015 as an independent strategic investor focused on supporting European growth companies in the circular economy. Circularity Capital is a supportive and entrepreneurial investment company that promotes and develops growth companies with the expertise of our team in the circular economy. Circularity Capital invests in profitable and fast-growing companies in Europe that aim to disrupt traditional linear industries (“take-make-dispose”). Circularity Capital’s investors include global financial investors and private investors.
About Keen Venture Partners
Keen Venture Partners is a venture capital firm based in Amsterdam and London. Keen supports exceptional teams and high-growth companies across Europe in Series A and Series B stages. Keen Venture Partners supports its portfolio by first investing time and then money. To do this, Keen Venture Partners makes its network, experience and skills available long before an investment opportunity arises.
Coparion is a venture capital investor for young, German technology companies and contributes to rapid and sustainable growth. We support entrepreneurial vision with our know-how, but without interfering in the operational business. Through our many years of experience in venture capital and in building companies, we recognise potential and open up new perspectives. We bring the substance, perseverance and creativity to successfully master even difficult situations together. With a fund volume of 275 million euros, coparion supports some of the fastest-growing German technology companies such as Clark, Finoa, Grover, Holidu, Neodigital, Nuri and parcelLab.
HGDF Familienholding is an entrepreneurial and value-oriented family-owned group of companies. Today, the group includes eight majority shareholdings in medium-sized companies from various industries. In these companies, 2,500 employees generate annual sales of EUR 1 billion in international markets. Since 2019, HGDF has been investing in selected start-ups in order to learn new ways of thinking and business models from and with young entrepreneurs. The portfolio is growing continuously and currently comprises nine investments. HGDF is a majority shareholder in multinational companies such as Queisser Pharma, Flensburger Brauerei and ComLine and has invested in promising young companies such as Wellster Healthtech, vetevo and Wunderflats.