The funding will help ONEiO support expansion across North America and Central Europe. Here are the top-line bullets you need to know.
ONEiO, a SaaS integration service provider, has raised $7.8M in seed funding. The round drew participation from Fairpoint Capital, Tesi, and Inventure.
How’s the company performing?
- Finland-based ONEiO enables organizations to automate traditional integration development and management processes.
- The startup caters to around 75 customers, including CDW, IBM, Cancom, Bayer, and Volkswagen.
- ONEiO is currently supported by a team of about 45 employees, and it maintains offices in Finland, the UK, Germany, and the US.
Source: ONEiO
Why does the market matter?
- The integration platform-as-a-service (iPaaS) market is expected to reach a value of $8.8B by 2028, growing at a CAGR of 21.2%, according to The Insight Partners.
- The broader shift from on-premises to cloud systems and solutions has driven growth in this market.
