About Timely
Timely is a Technology company based in Oslo (Norway) founded in 2013 by Mathias Mikkelsen. A cloud-based AI platform for employee time tracking is offered. It operates on a SaaS (Software-as-a-Service) and Subscription Services model. Timely has raised $20 million across 3 funding rounds from investors including SANDEN HOLDINGS CORPORATION, SNÖ Ventures and Investinor. Its chief executive, as recorded, is Mathias Mikkelsen. Its website memory.ai draws about 53 thousand monthly visits. Its Indian entity Timely Ai India Private Limited reported revenue of ₹1.14 Cr. Timely offers products and services including Automatic Time Tracking, AI Timesheets, and Memory Tracker. Its focus areas include Software and Time Tracking Software.
Company details
Timely is focused on delivering automatic time tracking solutions for consultancies, agencies, and SaaS businesses. Operations are supported by AI-powered tools to ensure accurate data collection. Services are extended across sectors like professional services and software companies. Comprehensive reporting and team transparency are provided through centralized dashboards. Integrations with various platforms are offered to enhance workflow efficiency. Privacy and security are prioritized in all offerings.
- Indian entity revenue₹1.14 Cr
FY 2025 · -14% YoY
- Indian entity net profit₹4.9 Lakh
FY 2025 · 4% margin
- Indian entity EBITDA₹10.9 Lakh
FY 2025 · 10% margin
- Total Equity Funding$20M (USD)
in 3 rounds
- Latest Funding Round$14M (USD), Series B
Jun 2021
- InvestorsSANDEN HOLDINGS CORPORATION
& 5 more
Associated legal entities of Timely
Timely operates through Timely Ai India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Timely Ai India Private Limited CIN U72900PN2018FTC180752 | Active | 13 Dec 2018 | Pune, Maharashtra | ₹1.1 Cr | 2 | View details |
Products & Services of Timely
Timely offers a comprehensive portfolio of products and services, including Automatic Time Tracking, AI Timesheets, and Memory Tracker.
Time tracking is automated for accurate business insights.
Timesheets are generated quickly using AI for precision.
Activities are remembered automatically with high tracking accuracy.
Funding Insights of Timely
Timely has successfully raised a total of $20M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $14 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20M
- Total Rounds 3
- Last Round Series B — $14M
- First Round $1M
(Jun 2016)
- Investors Count 6
All 3 funding rounds of Timely with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | $14M | Series B | – | Melesio, SANDEN HOLDINGS CORPORATION | |
| Oct 2018 | $5M | Series A | – | Concentric | |
| Jun 2016 | $1M | Seed | – | SNÖ Ventures, 500 Global | – |
6 investors in total: 6 institutional.
Investors in Timely
Timely has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include SANDEN HOLDINGS CORPORATION, SNÖ Ventures and Investinor.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A Nordic-focused venture capital firm supporting tech pioneers is operated. | sno.vc | Oslo, Norway | ||
| investinor.no | ||||
Melesio is focused on long-term value creation through investments. | melesio.no | Oslo, Norway | ||
Early-stage investments in software companies are targeted by Concentric VC. | concentric.vc | London, United Kingdom | ||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Automotive air conditioning components are manufactured and supplied. | 1943 | sanden.co.jp | Isesaki, Japan |
Investor details for Timely
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Timely Ai India Private Limited (Timely)
Timely Ai India Private Limited is the primary company behind Timely. The board of Timely Ai India Private Limited currently have 2 directors; the longest-serving is Mathias Mikkelsen, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mathias Mikkelsen DIN 08303488 | Director | 13 Dec 2018 | 7 yrs 10 mo | Timely Ai India Private Limited |
| Anup Ravindra Nivargi DIN 08303489 | Director | 13 Dec 2018 | 7 yrs 10 mo | Timely Ai India Private Limited |
People of Timely
24 people are tracked at Timely (8 in leadership, 16 in team).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Timm Stokke | Head of Product | Leadership |
Elizabeth Bergstrom | Head of Customer Success | Leadership |
| Chief Information Officer | Leadership | |
Adam Looker | Head of Acquisition Marketing | Leadership |
Alastair Brown | Chief Revenue Officer (cro) | Leadership |
Marius Ørvik | VP Product & Engineering | Leadership |
Kayvon Dizaei | Director Of Sales | Leadership |
Junelyn Apolinario- Loug | Accounting Manager | Team |
Marija Petrovic | Product Owner | Team |
Becky Smith | Senior Account Executive | Team |
Lisa Rost | Customer Success | Team |
Abbie Linsey | Senior Account Executive | Team |
Orvar Segerström | Senior Software Developer / Tech Lead | Team |
Amirabbas Hojjati | Machine Learning Engineer | Team |
Tejas Shinde | Office Manager | Team |
Sarah Roberts | Digital Content Manager | Team |
Andrea Serra | Product Designer | Team |
Pravin Thakare | Principal Engineer | Team |
Grant Cutlip | Business Development Representative | Team |
4 more people are available in the full profile.
Complete people profiles for Timely
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Timely
Figures of Timely Ai India Private Limited, the primary company behind Timely, for FY 2025. Revenue was ₹1.14 Cr (-14% year on year). Net profit was ₹4.9 Lakh (4% margin). EBITDA was ₹10.9 Lakh (10% margin). Revenue has grown at a compounded annual rate of -15% over three years and -3% over five years.
- ₹1.14 CrRevenue · FY 2025 · -14% YoY
- ₹4.9 LakhNet profit · 4% margin
- ₹10.9 LakhEBITDA · 10% margin
- ₹95.6 LakhPaid-up capital
- -15%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Timely Ai India Private Limited are on its company page.
Detailed financial statements for Timely
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Timely
3 dated milestones of Timely across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Timely is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series B, of $14.0M.
Web traffic of Timely
The website of Timely (memory.ai) receives about 53.4K visits a month.
- Monthly visits53.4K
▼ 11.9% vs previous month
Websites whose visitors overlap most with Timely. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details | |
timely.com | timely.com | 95% | #280,068 | – | |
| time.ly | 80% | 105.6K | #404,208 | View details |
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Related news about Timely
Complete news archive for Timely
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Frequently Asked Questions about Timely
Timely was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Timely is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Mathias Mikkelsen is the CEO of Timely, as recorded in our data. They have also founded this company.
Timely is a funded company, having raised a total of $20M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jun 2016.
The primary company behind Timely, Timely Ai India Private Limited, reported revenue of ₹1.14 Cr for FY 2025, down 14% year on year.
Timely is focused on delivering automatic time tracking solutions for consultancies, agencies, and SaaS businesses. Operations are supported by AI-powered tools to ensure accurate data collection. Services are extended across sectors like professional services and software companies. Comprehensive reporting and team transparency are provided through centralized dashboards. Integrations with various platforms are offered to enhance workflow efficiency. Privacy and security are prioritized in all offerings.
Timely offers Automatic Time Tracking, AI Timesheets, and Memory Tracker.
Timely has 6 investors. Key investors include SANDEN HOLDINGS CORPORATION, SNÖ Ventures, Investinor, Melesio, and Concentric.
Timely operates through Timely Ai India Private Limited.
The legal entities of Timely currently have 2 directors, including Mathias Mikkelsen, Anup Ravindra Nivargi.