Oveo.io, a Denmark-based SaaS management platform, has secured €1 million through its pre-seed funding round from various angel investors.
Founded in 2019, Oveo.io seeks to help modern IT and finance teams gain company-wide visibility into software speed and utilization.
“Our SaaS Management Platform give modern IT and finance teams the tools they need to discover, manage and optimise all SaaS spend and usage in one place.”
Speaking about the investment round, the Oveo team stated:
“Having secured this funding milestone, we will increase our investments in R&D and will continue with our market expansion (we are hiring!). We will also be able to make our technology available to a much broader audience thanks to our recent launch of Oveo Free.”
The Oveo team further revealed that they expect the launch of Oveo free plan will serve as a helping hand, to all those IT or finance managers who are right now struggling to optimize their budgets, by providing them full visibility into the entire SaaS usage and spend in their organizations. The team added:
“We started Oveo.io because we believe employees should have easy access to all the SaaS tools they love and need, but at the same time IT management should have peace of mind and seamless visibility into the company-wide technology cost, utilisation and compliance risks.”