Startup Fieldly, which is developing a project management system specially designed for construction companies, has announced that they have closed an investment round. The investment is from both regional and german investors.
The funding is from LUIS (Lund University Innovation) and K5 Partners Prefund. They have together invested a total of € 140 000 in a first round financing. K5 Partners Prefund is a German venture capital firm run by business angels Christopher Muenchhoff and Maximilian Thyssen which previously invested in companies PipeDrive, SpotEtter and Cloud 66. LUIS invests in startups related to Lunds University, and includes investments in companies like Sol Voltaics.
“It feels great with the interest we have seen in our product and we feel we have found two reputable partners who can not only provide capital but also a lot of knowledge and contacts for our upcoming launch in Sweden – as well as a future international expansion.” Says Daniel Krusenstråhle, Fieldlys founder.
The team behind Fieldly, Daniel Krusenstråhle and Sven Paulin, both have a background in other startups, with Daniel being involved in Foap and Sven having started YooDo earlier.
The investment comes after the company earlier this year won Sweden’s two largest business idea competitions, Business Challenge and Venture Cup.
Fieldlys project management system officially launched September 1, 2014, but already used the product of a larger number of pilot customers spread across the country.