The funding was announced after the Helsinki-based startup shared plans to drive market expansion and growth in North America and Central Europe.
ONEiO, a SaaS provider of automated integration and cloud-native services, received investments totalling €7.2 million to increase its market expansion and growth in North America and Central Europe. The initial round was joined by its previous investors, Tesi and Inventure, and led by Fairpoint Capital.
A new reality in IT services
The Helsinki-based startup strives toward driving transformation in the area of enterprise integration. ONEiO provides enterprise-grade integrations through a cloud-based service and pay-per-use model.
“Instead of trying to build and maintain IT process and data integrations on an integration platform (iPaaS), enterprise IT and service providers are choosing our solution where they can just subscribe to the integrations they need”, said Juha Berghäll, ONEiO’s CEO.
“Customers can get even the most complex multi-point process integrations set up in days instead of weeks or months. We are not just another integration platform provider, but a cloud-native service provider that knows what it takes to manage and deliver IT services.”
The announcement was concluded by Hadar Cars, the investment director of Fairpoint Capital. “The ONEiO team has a successful track record in the integration space, and their experience shines through as they clearly understand customers’ needs”, he said. “The company now starts to see strong growth in the DACH and U.S. markets, we are happy to help them scale the operations to become an international leader in their industry.”