Teamleader, a Ghent, Belgium-based provider of a CRM, invoicing and project planning tool, raised €2.5m in funding.
Fortino, the investment fund headed by Duco Sickinghe, made the investment.
The company intends to use the funds to further develop the software, to professionalize the organisation and expand in Europe.
Led by Jeroen De Wit, Teamleader provides SMEs with a platform for the entire administration featuring CRM, calender, invoicing, sales, project planning, tickets, time tracking, voice calls (VoIP) and integrated applications.
The company has 24 employees and is contionuing to hire people.
It has an office in Amsterdam, with Berlin and Paris to open in 2015.