Innovative Danish software-startup raises millions in venture funding

By Mike Johnston January 16, 2017 News & Headlines

The Danish social Intranet company Colibo Inc. has just raised its first major venture funding from a series of prominent investors alongside the Danish Growth Fund. Colibo is injected with an investment in the DKK double-digit million range – funds that are to be used for establishing the company in the US and UK and the further development of the company’s Social Intranet solution, Colibo. Colibo has been on an amazing growth path. The first Intranet solution was installed in 2014, and Colibo has gained significant market shares in Denmark in just a short period of time. Now, the Colibo-solution is to be released internationally, and the company is to be established in the US and UK.

+70,000 users in more than 14 countries

Colibo is a user-friendly and dynamic Intranet alternative for companies and organizations that otherwise would have used Microsoft Sharepoint as their digital workspace solution. The Colibo solution has more than 70,000 users across 14 countries, and customers include The Danish Broadcasting Corporation, Central Denmark Region, Kosan Crisplant, Clipper Group and several Danish municipalities.

Social Intranet tools raise productivity with up to 25 %

According to McKinsey Global Institute analysis1, companies can raise productivity of their administrative staff with up to 25 % by using social Intranet tools, making the knowledge of the organization searchable and by basing the company on a communication platform that supports social workgroups.

Colibo is a spin-off of Mediaworkers - a digital agency, recently awarded the fast-growth company prize for the second consecutive year, and who has brought Colibo all the way to Series A venture through independent financing.

“We are very excited about raising capital as well as gathering a team of investors with solid international software experience. Likewise, we are now able to execute our product roadmap for Colibo, catapulting our software to rank among the very best in the world”, says Mogens Sejer Iversen, CEO and Founding Partner of Colibo.

Mogens Sejer Iversen is now handing over the CEO position in Mediaworkers to Henrik Sejer Gelineck Berg, currently the the company’s CFO. However, Mogens Sejer Iversen continues as head of Mediaworkers Group – the underlying holding company that (among others) is the sole owner of the successful games studio Funday Factory.

Prominent investors ensure the next growth phase Stig Hølledig who is known from the software unicorn Sitecore, is among the Colibo investors says about the potential with Colibo: “Globally, we are facing a growing number of companies who are going to replace their old Intranets with more dynamic digital workspaces over the next couple of years. We are closing this market demand perfectly with Colibo. At the same time, we – the investor - are very impressed with the significant value the solution provides including very satisfied customers representing some of the most demanding organizations in the country,” Stig Hølledig says.

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Mike Johnston

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