Switzerland-based software company Beqom has raised an undisclosed amount from telecommunications company Swisscom’s corporate venturing unit Swisscom Ventures and investment group Renaissance PME Foundation.
Founded in 2009, Beqom provides compensation management software packages to large companies. The new funds will support Beqom’s growth on a global scale.
Over the last five years the company has expanded into 10 different countries across Asia, North America and Europe.
“We have chosen to work with Vinci because they understood our DNA right away,” commented Fabio Ronga, chief executive of beqom. In addition, “choosing a Swiss investor also allows us to continue to cultivate our uniqueness – compared to our North American competitors – which has served us very well so far”.
“As part of its strategic partnership with Renaissance PME to finance Swiss SMEs, It was important for Swisscom Ventures to join this financing round, particularly as Swisscom is already a beqom customer”, stated Mr. Dominique Mégret, head of investment activities at Swisscom Ventures.