May 28, 2019
Futures Platform, the SaaS company behind the leading foresight tool that makes it fast and easy to analyze alternative future scenarios, today announced that it has secured EUR 1M in funding.
The funding will be used for Research & Development focusing on the next generation of the Futures Platform product. The round included an R&D loan from Business Finland as well as equity financing. Participants in the share issue included Gorilla Capital, digital services specialist Sangre and experienced SaaS entrepreneur Anne Urrila as new investors and earlier investors in the company, including Accio Oy, Ilves Invest, Netprofile Growth+, Takeoff Partners, Juha Koski, Antti Kemppainen, Matti Lapinleimu, Tero Sarkkinen, and Timo Hiltunen. The entire senior management team of Futures Platform participated in investing in the company.
The financing round builds on an exceptional year for Futures Platform, which saw an exponentially growing user base, new clients and the introduction of AI powered product features.
Ville Vanhala, CEO of Futures Platform, said "This financing round marks a milestone in the development of Futures Platform and enables us to drive the next phase of strong business growth. Over the past 12 months, we have shown our capability to scale the business successfully and we have expanded our operations with clients across Europe, North America and Asia. With the new funding, we are now able to bring to our users the next generation of the Futures Platform product and integrate additional functionality based on machine learning. It will open exciting new horizons for the future oriented planning work our clients. "
”The board and the investors are confident in the Futures Platform team's ability to further accelerate its business growth”, says Markko Vaarnas, Chairman of the Board of the company. “The company has demonstrated that there is a need in the market for a comprehensive strategic foresight tool. With organizations looking for ways to foresee and adapt to future change, we have witnessed that Futures Platform is a powerful solution and a match with user needs and we are excited to collaborate with the team and support them as they work further to build a great company in an exciting category."
“We’ve seen the growth of Futures Platform from start-up to scale-up as their tech partner, and their product has already proved that it can be a leader in the market. We firmly believe in the product vision that the Futures Platform team holds for the next generation of the product. It truly has the potential to succeed internationally, and we are looking forward to being a part of that success as an investor”, says Sangre's CEO Mikael Koskimaa about the investment decision.
Ville Vanhala, CEO
Tel. +358-(0) 40 764 8511
About Futures Platform™
Futures Platform™, www.futuresplatform.com, is a web-based tool that helps organizations build a holistic view of their own future and make winning choices in a changing world. Subscription to the tool provides access to a trends map with inspirational articles and videos curated by future foresight experts. Users can blend in their insights, assess future changes together with their team, and make educated decisions to seize opportunities and mitigate risks. With Futures Platform™, organizations will have their future radar constantly switched on.
Register for free to experience the Futures Platform's foresight radars.