Nallian announced today that it has secured €1.25 million in a funding round led by Newion Investments. The fresh capital will be used to continue growth and expand the Nallian business collaboration platform with new tools and features.
Recently awarded as a top 25 European startup at the European Venture Summit, Belgium-based Nallian has pioneered business collaboration in the cloud. The young company was founded in 2012, and today up to 20 companies a week join Nallian’s business collaboration platform through its community management tool. Building on this momentum, Nallian will use the additional funds to expand its operational reach, accelerate the growth and innovation of its platform, and invest in additional sales and marketing resources.
Nallian’s growth has been driven by increased demand from global value chain partners to exchange up-to-date information in real time. Globalisation has made value chains become increasingly complex; in order to lower integration times with global partners and reduce operational costs and risks, interest in cloud-based collaboration solutions is growing dramatically. The Nallian business model allows an easy and quick on-boarding of new partners through its community management tool, limiting integration time to a minimum and thus guaranteeing an immediate return on investment.
Frank Claassen, Partner of Newion, said: “The ‘hunger’ for data coming out of the value chain grows continuously. These data enable companies to anticipate and adjust their strategy, and to communicate more efficiently and less error prone. These strong market drivers combined with the highly experienced team and product give us confidence in the market potential Nallian preserves. We are pleased to welcome Nallian in our portfolio”.
“Nallian empowers global organisations to increase efficiency by exchanging structured data with their value chain partners through private communities in real-time,” says Jean Verheyen, Founder and CEO of Nallian. “This capital gives us additional resources to accelerate our pace of product innovation and expand into new markets”.
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