Cardboard Raises €1.9 Million in Seed Round
Cardboard, an Oslo, Norway-based startup on a mission to make SaaS subscription management smarter and more efficient for businesses, has raised €1.9 million in seed funding.
Cardboard, an Oslo, Norway-based startup on a mission to make SaaS subscription management smarter and more efficient for businesses, has raised €1.9 million in seed funding.
Investors
The round was led by Skyfall Ventures, with additional support from RunwayFBU and Sondo.
Skyfall Ventures is a seed-stage venture capital firm based in Oslo, Norway. The firm invests in Nordic seed-stage technology companies. Established in 2016, Skyfall has been investing under its umbrella since 2014.
Cardboard Use of Funds
The company will use the funding to transform how businesses across Europe manage and pay for their Software as a Service (SaaS) subscriptions. The investment aims to streamline subscription management for startups, scaleups, and SMEs that often struggle with managing multiple software subscriptions and the challenges associated with them.
About Cardboard
Cardboard offers a SaaS platform for expense management designed to help businesses save time and money on managing software subscriptions and online marketing expenses. The platform centralizes SaaS subscription management, allowing companies to purchase software securely without using company credit cards, reducing operational risks, and preventing issues like shadow IT. Cardboard helps businesses—particularly startups, scaleups, and small to medium-sized enterprises (SMEs).
Funding Details
Company: Cardboard AS
Raised: €1.9M
Round: Seed Round
Funding Date: August 2024
Lead Investor: Skyfall Ventures
Additional Investors: RunwayFBU, Sondo
Company Website: https://cardboard.inc/
Software Category: SaaS Subscription Management
