Timly Software Completes Pre-Seed Round for Further Growth

On this page you will find information on the following topics:

• About Timly Software
• Successes to Date
• The Financing Round
• What Are the Next Goals?

About Timly Software

We have developed a cloud-based inventory software that allows companies to manage their inventory efficiently. Via QR code labels, information on the objects can be retrieved centrally and decentrally – regardless of location, exactly where the inventory is located. In addition, which deadlines have to be met or safety checks carried out.

With Timly, maintenance can be planned more efficiently, repairs can be carried out faster and the company remains compliant.

Timly software enables its customers to reduce equipment downtime and inventory search costs by up to 75%. Customer use cases today range from classic IT inventory, tools, machines, excavators and vehicle fleets, medical equipment and furniture, to smart city lanterns and other unusual cases – even diving equipment at the port of Hamburg is already tracked with Timly.

Successes to Date

Timly Software AG was founded in April 2020 by Philipp Baumann and Fitim Mehmeti in Zurich. We already count a number of well-known companies from the DACH region among our customers, such as Siemens AG, Sodastream, Westenergie and some municipalities in Germany (e.g. the city of Ludwigshafen am Rhein).

After only one year on the market, the Timly inventory management software is already widely used, among others in the construction industry, in the general area of IT inventory and in public administration. As of today, it is even planned to equip over 100 offices and schools with the software in 2022.

Timly is also in use at one of the largest construction sites in Switzerland, the “Zukunft Bahnhof Bern” construction site.

The Financing Round

Timly has been self-financed through revenue since April 2020. The first financing round (pre-seed) has just been completed, raising a high six-figure amount for further growth. Well-known investors have participated in the financing round who, in addition to capital, primarily bring network and expertise to the table. These include active business angels from the consulting sector, as well as from industry and business.

What Are the Next Goals?

We want to make the challenges of everyday business easier for our customers with the help of software. Based on the feedback of our customers, the Timly inventory software is constantly being further developed. It is not without reason that the solution has already received several 5-star ratings from customers on Google and Capterra.

In order to be able to offer an excellent SaaS solution in the future, we are now expanding the team. With the fresh capital from the investors, our young team will be expanded. We are focusing primarily on expanding the areas of software development and sales.