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TimeFlow closes €4 million funding round to expand abroad and develop AI features
- Milan-based TimeFlow has closed a new €4 million funding round to expand abroad and develop AI features for their workforce management and IT supply chain resource procurement solution.
- The funding round was partially supported by the European Union-Next Generation EU and saw investments from firms like Vertis SGR, Azimut, and CDP Venture Capital.
- Growth Capital acted as the financial advisor in the operation, which was part of the A-Road acceleration and fundraising program that selected TimeFlow for its fourth batch.
- TimeFlow, founded in 2020, aims to revolutionize the Workforce & Vendor Management sector and has managed over €30 million in projects in 2024.
- The company's proprietary AI-driven platform optimizes the sourcing process for Professional Services suppliers and integrates seamlessly with clients' application ecosystems.
- In 2024, TimeFlow generated over €1 million in revenue and gained interest from major companies like Engineering and Deloitte.
- The funding round will support TimeFlow's international expansion, technological advancements, and corporate structure strengthening according to investors Giacomo Giurazza and Guido Bocchio.
- With a CAGR of +190%, TimeFlow plans to focus on implementing advanced functionalities and expanding into key markets like the UK, Germany, and France.
- By aiming to reach €90 million in revenue by 2027, TimeFlow strives to continue offering innovative solutions in the evolving market of Workforce and Professional Services Sourcing management.
- Overall, the funding round marks a significant milestone for TimeFlow, boosting its growth and positioning it for further success in Italy and abroad.
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