CapMan-backed Digital Workforce raises €3m

The investors in the round are CapMan Growth Equity Fund and earlier seed investors Leena Niemistö and Lifeline Ventures.

Currently operating in Finland, Sweden, Norway, Denmark and Poland, the company plans to use the funding to investigate growth opportunities in new potential markets. In addition, the funds will be used to further develop the company's digital worker cloud platform, to make cognitive technologies available and to enable international expansion overseas.

CapMan targeted €80m for its Growth Equity Fund and reached its hard-cap of €86m in December 2017. The vehicle is the GP's first growth fund and is being built on Norvestia's growth business model. CapMan acquired the Finnish investment firm in a €118m deal in late 2016.

Previous funding
CapMan subsidiary Norvestia, Lifeline Ventures and a private investor led a €2m funding round for Digital Workforce in January 2017. The company intended to strengthen its market position in Sweden with the additional funding, as well as open offices in the other Nordic countries. The company also planned to continue to innovate and create new products within automation of knowledge work and robotics.

Company
Founded in 2015 and based in Helsinki, Digital Workforce specialises in RPA services. It automates the routine and rules-based tasks of knowledge work, freeing up human resources for more productive and important tasks. The company's customers include major banking and insurance companies, as well as healthcare and public organisations in Finland and Sweden. The company employs 175 people.

People
CapMan Growth – Juha Mikkola (managing partner).
Digital Workforce – Heikki Länsisyrjä (co-founder).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• Nordics
• Technology
• Finland
• CapMan
• Venture