Hansoft expands first round of financing to $10 million with Hasso Plattner Ventures joining group of investors

Uppsala, Sweden – June 30, 2014 – Hansoft, with its eponymous tool for team collaboration and management in Agile software development today announced it has partnered with venture capital firm Hasso Plattner Ventures to further accelerate growth worldwide.

Hansoft is used for development of products and services by the most demanding teams in industries such as Electronics, Aerospace, Space, Game Development, and Telecom. These are companies who need to accelerate time to market, while improving overall productivity and quality, and Hansoft helps them achieve this by enabling better practices for boosting innovation and scaling Agile software and hardware development. Recently Hansoft was named a Visionary in Gartner’s Magic Quadrant for Application Development Lifecycle Management (ADLM).

The fast growing Swedish company has been self-financed and profitable since day one and wholly and equally owned by its founders Erik Olofsson, Hans Andersson, and Patric Palm. To further accelerate growth worldwide Hansoft recently raised its first round of financing led by leading Nordic venture capital firm Creandum, the first institutional investor in Spotify. With Hasso Plattner Ventures joining the group of investors Hansoft have now increased the total amount raised to $10 million and closed the round.

“We are truly excited that Hasso Plattner Ventures have joined our team of investors. Their international network and experience will help us bring Hansoft to a much wider group of users. So many companies today find themselves managing very large teams of teams making software products or software enabled services. By taking their agile practices to a next level they can quite significantly boost their productivity and innovation, and Hansoft is the tool to enable this increased competitiveness,” said Patric Palm, Hansoft CEO and co-founder.

“Hansoft have already proven themselves able to punch way above their weight, both in terms of creating a fantastic product with leading capabilities, and also their ability to score large enterprise deals in competition with much larger players. I’m thrilled to see what they can do with the larger muscles they are now provided,” said Shmuel Chafets, Partner at Hasso Plattner Ventures.

Hansoft is based out of Uppsala, Sweden, and San Francisco, USA, and recently Tokyo, Japan. Following the investment much recruitment will be done for mainly the San Francisco office to grow the sales, marketing and customer success teams. The executive team is also being expanded to include a Chief Growth Officer and Chief Revenue Officer, both based out of the San Francisco office.

About Hansoft
Hansoft is a tool for team collaboration and management in Agile software development of products and services, used in industries such as Electronics, Aerospace, Space, Game Development, Telecom, and Cloud Services. Hansoft has a feature set spanning over Agile ADLM (Application Development Lifecycle Management), PPM (Product Portfolio and Program Management), Business Intelligence, and Social Collaboration. Members at all levels in organizations sized from less than 10 to many 1000’s use Hansoft to do  Scrum and tailored agile methods, Kanban, collaborative Gantt scheduling, defect tracking, document management, external party collaboration, long term planning, real-time reporting, workload and portfolio analysis, among other things. Learn more about Hansoft at: www.hansoft.com

About Hasso Plattner Ventures
Hasso Plattner Ventures was founded and is primarily funded by SAP Co-Founder Prof. Dr. h. c. Hasso Plattner. Based in Potsdam, Germany, HPV focuses on helping early and mid-stage technology startups grow to become international leaders. Since its inception in 2005, HPV has completed 38 investments in Software, Storage, Internet, and Mobile companies across Europe, Israel and North America.

Find out more at www.hp-ventures.com

Further information and interview requests:
Julia Hallin
Senior Director, Insights & Messaging
Tel Sweden: +46 76 645 0937
Tel US: +1 415 972 9367
E-mail: [email protected]