Primetric is growing in strength and gaining more funding
The second investment round for one of our portfolio companies, Primetric, turned out to be extremely successful. The Wrocław startup has acquired PLN 2.8 million, and another fund has joined the group of investors – WP2 Investment.
The speed at which Primetric is growing is evidenced by the numbers. In just a year, the company has increased its average monthly recursive income by nearly 200%, with the number of users of the SaaS tool growing to 8,000 — it effectively allows companies within the IT industry to comprehensively manage themselves. And although every third leading Polish software house uses Primetric, its success goes beyond the Polish market. Primetric’s portfolio already includes clients from 12 countries – including the USA, Australia, Sweden, South Africa, Thailand and India, among others.
The company will spend nearly PLN 3 million on strengthening its technical, marketing and sales teams. Primetric’s goal is to develop its product so that it becomes the first choice for IT service companies.
Primetric joined our portfolio in June 2020. What distinguishes this startup, based in Wrocław, founded by Zbigniew Wantuła, Jędrzej Anisiewicz and Arkadiusz Terpiłowski? Its software organizes processes related to the management of projects, finances and programmers. It also improves the flow of information between PMO, HR, sales and finance departments. The startup creates tools for both IT companies and software houses.