SEB Private Equity leads €35m series-C for Planday

Previous backers Creandum and Idinvest also participated in the round.

The company intends to use the fresh capital to further develop and improve its platform, and accelerate its expansion into new markets across Europe and North America. In addition, the investment will enable Planday to establish a UK-based technology development hub, as well as grow its sales and customer support teams in its London office.

Previous funding
Planday raised a $3.75m series-A funding round in May 2014 led by Nordic VC Creandum, which invested via its €135m third fund. Just-Eat founder Klaus Nyengaard injected an undisclosed amount into the business in 2015. Subsequently, Creandum and French VC Idinvest led a $14m series-B for the company in March 2016. The round saw participation from SEB Private Equity and Booking.com founder Arthur Kosten.

Company
Established in 2013 and headquartered in Copenhagen, Planday provides a rota-scheduling cloud-based software used by businesses to manage shift workers and enable communication between employees and managers. Planday has a presence in 39 countries and offices in New York and London.

People
SEB Private Equity – Victor Lang (CIO).
Creandum – Johan Brenner (general partner).
Planday – Christian Brøndum (CEO).

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• Topics
• Expansion
• Nordics
• Technology
• SEB
• Denmark
• Venture
• Creandum
• IDInvest Partners (AGF Private Equity)