Timly Software Completes Pre-Seed Round for Further Growth

Press release of Timly Software AG from 09.11.2021

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

Das Team der Timly Software AG

The Timly Team: Philipp Baumann, Eva Baumann, Fitim Mehmeti, Johannes Pfeiffer

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 Timly tool management software in use on the large construction site “Zukunft Bahnhof Bern” (Future Railway Station Bern) 🚧 ⛓ 🛠 

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.

Over 250 Companies, Schools and Cities Rely on Timly

Inventarverwaltung Software Siemens Logo
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Inventarverwaltung Software Euromaster Logo
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Inventarverwaltung Software Siemens Logo
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Inventarverwaltung Software Euromaster Logo
Inventarverwaltung Software Isar Aerospace Logo
Inventarverwaltung Software Cornelsen Logo
Inventarverwaltung Software Diringer Scheidel Logo
Inventarverwaltung Software Spiegel Logo
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Intuitive Management of Your Assets

Our inventory software offers you a wide range of sophisticated functions. This way, your inventory is digitalised easily and reliably.

Manage All Assets

Whether IT resources, tools, machines, vehicle fleet, furniture or contracts: everything in Timly.

Mobile Available Everywhere

Localise your assets with the integrated barcode scanner for smartphones & tablets.

Clever Assignment

Easily assign assets to people, projects, rooms, locations or external service providers.

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Digital File Management

Digitally store important information, files, documents, audit trails & contacts for your assets.

GPS Recording

Save the exact GPS location of your assets with one scan. All GPS data historically verifiable.

Maintenance Management

Documentation of repairs & maintenance at the asset location, as well as deadline management.

Similar Blog Posts:

The Digital Inventory Checklist: Master Your Company Assets With Timly 1

The Digital Inventory Checklist: Master Your Company Assets With Timly

Of course, there is the possibility to use free inventory software solutions and checklists for inventory. But is this advisable for a professional management of resources? So much in advance: We are of the opinion that this is not advisable, because free inventory software usually only offers rudimentary functions for managing inventory.

Timly's maintenance app in use at a construction site

What A Good Maintenance App Can Do

Many companies only realise that maintenance software is needed when it is too late: an important order is due, but the relevant machine suddenly makes suspicious noises. An official letter announces that inspection deadlines have passed or an employee suffers an accident because he was using something with a previously unknown defect.

Inventory software IT on a screen

Inventory Software: IT Assets Effectively Managed

In this blog post, we would like to show you how you can best manage IT inventory of all kinds with inventory software. Whether in the office, in the warehouse or in the field... you encounter it everywhere. We are talking about IT inventory, ranging from devices such as computers and laptops including installed software, input terminals and barcode scanners to smartphones.

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