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Decisions closes private funding round at NOK 124,5 million valuation
Decisions, the Microsoft Teams and Office 365 meeting management solution, closes a private funding round, led by Espen Agdestein of Idekapital.
Investment Recognizes Continued 4x Growth and Expansion in the United States
OSLO, NORWAY, (COLUMBUS, OHIO), October 2020 – Decisions, the Microsoft Teams and Office 365 add-in solution that is disrupting the meeting management industry, announces it closed a private funding round for NOK 19,2 Million, at a valuation of NOK 124,5 Million. This represents a valuation increase of nearly 2x since the company’s last round.
The recent round was led by existing investors Skagerak Maturo Seed and Holta Invest, with the addition of Idekapital. The funding will be used to fuel expansion and product development.
“We attribute our success to the team at Decisions and their passion and commitment to address the very real challenge of meeting waste inside organizations,” says Jorgen Solberg, Decisions CEO. “We continue to identify innovative ways to help users leverage Microsoft Teams and Office 365 for better meeting collaboration, engagement and productivity. This latest round of funding is a vote of confidence in the company’s direction and its recent achievements.”
Since Decisions was founded in 2016, it has become a competitive force within the meeting management space, earning customers with a solution that integrates into the Office 365 products they use already and developing solutions for collaborative agenda creation, better attendee preparedness, smart note-taking, and tracking meeting outcomes. Decisions is more than a tool – it is a solution that changes meeting culture.
Last month, Decisions was named a launch partner for the Microsoft Meeting Extensibility program for Teams and in 2019, was recognized as the 3rd Best Overall App in Microsoft 365 App Awards. Earlier this year, Decisions opened its U.S. headquarters in Columbus, Ohio.
Espen Agdestein Joins Decisions Board of Directors
Espen Agdestein will join the Decisions Board of Directors as a representative of Idekapital. Espen is often known as the manager to Chess World Champion Magnus Carlsen and board member and investor in the Play Magnus app. He is also a highly regarded international tech investor and previously managed the digital transformation process in large organizations, giving him an intimate look at the opportunities to change how meetings are run.
“With the rise of virtual meetings and remote work, solutions like Decisions are increasingly important to the workplace ecosystem,” shares Espen Agdestein, Partner at Idekapital. “Productivity and workplace satisfaction are closely connected and meetings are one area where organizations can still make major gains. Decisions is a comprehensive solution to this challenge – and the only solution built entirely into the leading workplace suite of Microsoft Teams and Office 365.”
Decisions is an award-winning solution for Microsoft Teams and Office 365. With Decisions, users improve meeting collaboration, engagement and productivity with the in-app agenda builder, Teams in-meeting extensions, secure voting, minutes templates, task management and more. It is the only meeting solution built entirely into Office 365. Decisions 30 employees span three global offices – its headquarters in Oslo, Norway; and Columbus, Ohio and Bengaluru, India. To learn more about Decisions and how it helps organizations plan, organize and run successful meetings, visit www.meetingdecisions.com
About Skagerak Maturo
Skagerak Maturo is an early-stage venture capital firm investing in disruptive technologies with strong positive impact. For more than a decade, the team has been building successful ventures together with great entrepreneurs. The team has gained extensive experience from developing early-stage companies into international successes by using our proven investment and development methodology and utilizing our continually growing network. Learn more at https://www.skagerakmaturo.no.
About Holta Invest
Holta Invest AS is a privately held investment company headquartered in Oslo, Norway. We are active long-term investors and our vision is to be one of the leading private investment companies in the Nordics and to create meaningful and long-lasting value through our investments. With roots back to the industrial development of Norway in the 1890’s, Holta Invest has kept a solid local foundation combined with an open, international perspective. Learn more at https://www.holta.com.
Idekapital invests in talented people with global ambitions. We invest in companies with a proven and scalable business model that are looking to grow their business internationally. Our investors build a strong, well established deal flow and offer access to a unique international network to portfolio companies. We have developed deep knowledge from working in technology, private equity, operational management, business development, sales and distribution, public relations, M&A and finance, and from investing in and founding our own growth companies. Learn more at https://idek.no.
Jennifer Brown or Konni Lorenz