Optio Incentives, an Oslo, Norway-based provider of B2B SaaS equity compensation solutions, secured a Series A extension funding from CCAP, a German technology financial investor.
Earlier this year, Optio completed its Series A with leading Nordic investors Skyfall and Wiski Capital. With the extension, Optio successfully raised a total of NOK 45 million in its series A and is fully funded.
The growth capital will support Optio to continue its impressive expansion strategy and penetrate new markets including Germany, Switzerland, the Netherlands, and southern Europe while setting up the organization for further international expansion.
“We are very excited to share the next stage of our journey with CCAP, who bring a deep understanding of B2B SaaS, a wealth of financial and operational experience and a wide network to the partnership and the capital will support Optio in its expansion and allow to capitalize on the substantial market opportunity”, said Christoffer Herheim, co-founder and CEO of Optio.
Company: Optio Incentives AS
Raised: Undisclosed
Round: Series A Extension
Funding Month: July 2023
Lead Investors: CCAP
Additional Investors:
Company Website: https://www.optioincentives.no/
Software Category: Equity Management Software
About the Company: Founded in 2018 by Christoffer Vikersveen Herheim, Aleksander Hindenes and Mats Gero, Optio is a SaaS company that provides software and support for the optimisation of all processes related to equity compensation. Optio combines software and deep expertise to manage equity compensation plans for companies of all sizes. Optio’s unique capability to support businesses at every stage, from initial development to the public market, sets the business apart from other providers. Optio simplifies complexities associated with employee incentive programs, enabling companies to stay compliant, manage equity, report costs effectively, and maximize the program's benefits.
Source: https://www.optioincentives.no/press-release