The MAM Growth Equity II fund makes its second investment by leading the financing round into HappySignals, a pioneering SaaS company within IT experience management. The investment will be used to accelerate HappySignals' global expansion by boosting sales, marketing, and product development efforts.
MAM Growth Equity strategy has invested in HappySignals, a
HappySignals, founded in 2014, helps organisations transform their IT and Services functions to become more human-centric by leveraging its employee experience data and AI capabilities. With the help of HappySignals' innovative tools, customers analyse the IT experiences of millions of employees in 130 countries. The results help the customers understand how their employees are experiencing the IT environment, which enables data-driven improvement of employee happiness and productivity. The strong product-market fit is demonstrated by the company's growth rate of approximately 40% over the past three years, with key customers being large global companies like PepsiCo, Fujitsu and Reckitt.
The MAM Growth Equity strategy focuses on the scale-up phase of Finnish and Nordic growth companies. It takes part in exceptional growth journeys by being an active owner and by providing expertise, networks and flexible growth capital for companies with a proven business model and ambitious management teams. The team has experience from international SaaS businesses and the
"We are thrilled to have led the funding round in HappySignals, which will enable a further acceleration of their international growth journey. With its human-centric approach, we believe that HappySignals has found a solution to a problem that has not been solved in the market before. Indeed, their blue-chip customers are a true testimony to the quality of their approach and solution. The investment in HappySignals is an excellent addition to our second vintage growth equity fund. We are excited to partner with the founders, management and other owners to accelerate the growth of the company's already significant international operations", says
The MAM Growth Equity II fund is the second vintage of MAM's Growth Equity strategy, which held its first close in
Additional information
Mandatum:
Head of Private Equity, Mandatum Asset Management
Tel. +358 40 533 0986
alexander.antas[a]mandatumam.com
Niina Riihelä
SVP, Communications, brand and sustainability,
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi
HappySignals:
CEO and Co-founder,
Tel: +358 50 566 3852
sami.kallio@happysignals.com
Mandatum in brief
Mandatum is a major financial services provider that combines expertise in wealth management and life insurance. Mandatum offers clients a wide array of services covering asset and wealth management, savings and investment, compensation and rewards as well as pension plans and personal risk insurance. Mandatum offers services to corporate, retail, institutional and wealth management clients.
Mandatum's subsidiary, Mandatum Asset Management (MAM), is a Nordic asset manager. MAM offers discretionary and consultative asset management for institutional and other professional investors and manages a variety of investment products within its core areas of credit, private equity, real estate and equity selection. MAM's
mandatum.fi/en/group
mandatumam.com
About HappySignals
HappySignals is the leading SaaS company for IT Experience Management, empowering enterprises to improve employee experiences. HappySignals enables IT leaders to get a real-time understanding of the experiences they deliver to end-users across all IT services. IT leaders use experience data to make informed decisions to improve employee happiness and productivity. HappySignals discovers the experiences of millions of employees in 130 countries. Customers have been able to make employees happier and increase productivity by 26%. Find out more: www.happysignals.com
This marketing communication is related to Mandatum Asset Management Ltd's ("MAM")
This marketing communication does not constitute investment advice. Please refer to official fund documents before making any final investment decision.
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