TimeFlow, a Milan, Italy-based provider of a solution that automates and optimizes workforce management and IT supply chain resource procurement, raised €4M in funding.
The round, funded in part by the European Union-Next Generation EU, saw participation from Vertis SGR, through the “Vertis Venture 6 Digital Sud” fund, Azimut, through AZIMUT ELTIF Venture Capital ALIcrowd III vehicles and Azimut Venture Capital Digitech Europe and X-Equity strategy funds, both of which have strategic support from FNDX. Moreover, CDP Venture Capital (Fondo Rilancio), Growth Engine, and Duccio Vitali converted into equity 625k euros of previously subscribed convertible instruments.
The company intends to use the funds to expand operations and its business reach.
Founded in 2020 by Lorenzo Danese alongside Iacopo Albanese, Gianmarco Ferrante, and Federico Patrioli, TimeFlow has developed a platform that automates and optimizes resource management and procurement processes in the IT supply chain.
The company has developed a proprietary solution that leverages AI to streamline the process of searching, qualifying, and engaging Professional Services suppliers, accelerating the match between recruitment needs, available Tech Talent, and IT skills. Its modular platform is designed to integrate with clients’ application ecosystems, ensuring a smooth and optimized experience.
Looking ahead, TimeFlow aims to implement increasingly advanced functionalities, providing Procurement Managers, Sourcing Managers, HR Directors, Engineering Managers, Project Managers, and Product Owners with a cutting-edge tool for rapidly, strategically, and efficiently managing talent search and allocation for project activities.
In the first nine months of 2024, TimeFlow generated over €1 million in revenue, drawing the interest of multinational companies such as Engineering and Deloitte.
Today, it has offices in Milan and Lecce and operates in five countries, managing over €30M in projects in 2024 while collaborating with some of the most important multinational companies in the IT market.
FinSMEs
17/02/2025