How Navidium used OwnersRoom when raising NOK 40m
Investors 250+
Founded 2012
Location Oulu, Finland
How Navidium used OwnersRoom when raising NOK 40m
About Navidium
Navidium is a Finnish Maritime CleanTech company that provides a wide range of innovative solutions for the maritime industry, such as real-time performance monitoring, routing optimization, and vessel operations centers.
In early 2021 Navidium started using OwnersRoom to prepare for a new fundraising, and we spoke with the team afterwards to learn more about how they experienced it.
OwnersRoom provided us with everything we needed to handle such a complex deal, and I honestly do not know how we would have done this without it!
Hilde Støle Pettersen
Momentum Partners / Lead investor
Efficient fundraising with Deals
When preparing to raise a new funding round with both existing and new shareholders, the Navidium-team understood that they needed a more efficient solution. With many investors participating in the round, it was essential to keep track of the progress, ensure control of signatures and invested sums, and communicate continuously with the right stakeholders to keep everyone on track.
Additionally, the round consisted of both a new primary issuance of shares and conversion of several different bonds to shares, further increasing the need for structure throughout the process.
Navidium started using OwnersRoom right before launching their round, providing them with a tool to handle everything from shareholder communication to digital fundraising in a professional manner.
Janne Tolonen, co-founder & CFO in the company, was in large part responsible for the processes: “Due to the large number of stakeholders and the different deal structures, it was essential for us to use a tool that would allow us to handle both the investment signatures and segment our communication in an easy way. OwnersRoom was the perfect way to organize everything, and a great communication channel to our stakeholders.”
From deals to governance and investor communication
After closing the round, Navidium will continue to use OwnersRoom to handle all board- and investor-processes, keeping all the existing and new shareholders up-to-date on new developments. With more than 300 shareholders in the company after the fundraising, the need to structure documentation and communication was once again essential.
We also spoke with Hilde Støle Pettersen at lead investor Momentum Partners, an avid OwnersRoom-user: “We have used OwnersRoom for several of our portfolio-companies now, and when we got involved with Navidium we knew that we needed to start using it here as well. OwnersRoom provided us with everything we needed to handle such a complex deal, and I honestly do not know how we would have done this without it!”
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