Oslo-based Neptune Software has raised €7.5 million for its enterprise application platform through a partnership with Standout Capital. The funding will be used to accelerate the company's international expansion beyond SAP applications.
Neptune Software was founded in 2011, and offers a low-code development platform to rapidly create and manage enterprise applications in the SAP market. Its Neptune Digital Experience Platform provides a fast and cost-effective way to develop and integrate any application functionality available across mobile, desktop and offline. The platform is used by 400 customers worldwide with more than 1.4 million licensed users.
“The need for companies and organizations to leverage their IT infrastructure is clear and growing," said says Klas Hillström, Partner at Standout Capital. "Neptune has a strong technical platform which makes it possible to easily bring IT systems closer to the operations in a user friendly format. Neptune is a young company that has been able to successfully build and commercialize its product to blue-chip customers in Asia, Europe and the US. We are very impressed with the team and what they have achieved with limited resources.”