Funding

[Funding alert] Stockholm-based Younium Raises €2.7 Million in Funding

Mar 15, 2024 | By Startup Rise EU

Younium, a leading provider of SaaS solutions for advanced subscription management, billing, and pricing raises €2.7 million in funding. Along with the founders, Partinc Capital, who presently has the largest ownership holding in Younium, led the round of investors.

Younium, a leading provider of SaaS solutions for advanced subscription management, billing, and pricing raises €2.7 million in funding. Along with the founders, Partinc Capital, who presently has the largest ownership holding in Younium, led the round of investors.

Following 2023, a difficult year economically for many sectors of the economy, Younium announced a 60% increase in recurring revenue to €4.8 million and the addition of new clients from 15 different countries.

Read also - Osnabrück-based NeoTaste Secures €15.1 Million in Series A Extension Funding

Niclas Lilja, CEO, sees a clear route ahead: growing the company's footprint in established strongholds and branching out into additional countries. The company has proven the strategy's endurance even in the most competitive markets.

Niclas Lilja, CEO and founder. “Last year saw significant growth and the acquisition of new clients in 15 countries, accompanied by substantial internal expansion. With the latest financing, we envision the chance to strengthen our position as a global leader, expanding our presence in both Europe and North America and achieving positive cash flow,”.

Younium's chairman of the board and partner at Partinc Capital, Per Nordling, expresses similar optimism about the company's future. Having been involved from the beginning, he emphasizes the great potential the product and category possess in the expanding SaaS market.

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Per Nordling, Chairman of the Board at Younium and Partner at Partinc Capital said, “We have been with Younium since its inception and have witnessed the potential the product and category hold in the ever-growing SaaS landscape. With a growth rate of 860% over the past four years, we look forward to the coming years with confidence,”

With a clientele that includes well-known SaaS and software providers like Quinyx, Superoffice, and Topdesk, Younium has established a solid reputation as a trustworthy partner for subscription management and company growth in the Nordic region. But now that demand is rising, there's a wonderful chance to establish the same position throughout Europe.

Read also - Vienna-based Necture Secures €7 Million in Series A Round Funding

Emelie Linheden, Marketing Director said, “We’ve maintained our position as the category leader in the Nordics and Benelux for an extended period, but we’re now also seeing an increased demand for a specialized solution to oversee advanced B2B subscriptions, among B2B SaaS companies all across Europe. We want to seize this momentum and further increase our market share outside of the Nordics and Benelux, as well as in North America,”.

About Younium

Younium was founded by 2022 has grown significantly, among other things by entering the North American market and building a local team. CEO Niclas Lilja is leading the USA expansion he and another member of the team from the European operations have moved to closely support the team.

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