Nordic Startup News Early Stage Startup News From The Nordics
Falcon Social, which helps companies to be present on social media, has received almost DKK 112 million in venture capital.
By Torben Kloster
Two years ago, Falcon Social had only 16 employees. Today, the growth have been massive and now 180 people are working in the company. Falcon Social is based in central Copenhagen and have seen a revenue growth in 2014 of 443 percent.
Today Falcon Social could break some other good news. Dutch Prime Ventures, German Target Partners and Danish Northcap Partners have together invested 15 million euros in the company, Prime Ventures is the main investor behind this round.
“The investment will be used to strengthen the entire company in general. With so much growth in recent years, there are many areas that need additional resources. For example, our customer service and support need to be strengthened, so we can cooperate with companies that have the highest expectations of the kind, “says founder and CEO Ulrik Bo Larsen.
Target Partners and Northcap Partners has previously invested in Falcon Social, and the company has now received investments is total of DKK 165 million in investment over the past three years.
Unique in Europe
Falcon Social already has clients such as Coca Cola, Jaguar, Carlsberg and WWF, but according to Ulrik Bo Larsen is due to the recent growth, particularly growth in the German market, while the US market has also given good results.
“We have a really strong German team here at the office in Copenhagen. In the future, we will also focus even more on sale in the US, “says Ulrik Bo Larsen.
Investors focused particularly on the Falcon Social are doing something unique.
“According to our investors the speed and our traction is quite unique and only a few in Europe can keep up with our speed, “says Ulrik Bo Larsen.
38 different nationalities are working in the office in Copenhagen and although Falcon Social especially is growing in foreign markets, the company has no plans to move away from Denmark.
Update: 15.05 – A draft version of the article was published with wrong investment size and numbers.
