Finnish SaaS company offering cloud-native and automated integration services, ONEiO has raised €7.2 million in funding to accelerate its rapid growth and market expansion in Central Europe and North America. The seed round was led by Fairpoint Capital and joined by previous investors Inventure and Tesi.
The Helsinki-based startup aims to drive the transformation in the enterprise integration space. By automating integration delivery and production, it offers integrations as a cloud-based, enterprise-grade service with an affordable pay-per-use pricing model.
According to Juha Berghäll, CEO, ONEiO, integrating external service providers into ERP processes enabling full transparency and control into the supply chain is nothing new. It’s something that hasn’t been a reality in IT services due to missing standards and much more complex use cases, and lack of resources. “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. 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,” he said.
Hadar Cars, investment director, Fairpoint Capital concluded: “The ONEiO team has a successful track record in the integration space, and their experience shines through as they clearly understand customers’ needs. As 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.”