About Viio
Viio is a company based in Copenhagen (Denmark) founded in 2009 by Michael Fornander and Morten Kruse Sondergaard was acquired by Matrix42 Benelux in October 2025. Viio has raised $5.13 million across 4 funding rounds from investors including Matrix42 Benelux, 70V and North Ventures. Viio offers products and services including Intelligent Spend Management Platform, Savings Calculator, and Proactive Services. Viio operates in a competitive market with competitors including BetterCloud, Vendr, Zluri, Productiv and Zylo, among others.
- Headquarter Copenhagen, Denmark
- Founders Michael Fornander, Morten Kruse Sondergaard
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website viio.io
- Social LinkedIn X
- Acquired by Matrix42 Benelux (Oct 2025)
- Legal Name Viiotechnologies Aps
- Net Profit-$238.52 K (USD)59as on Dec 31, 2022
- Total Equity Funding$5.13M (USD)
in 4 rounds
- Latest Funding Round$3.43M (USD), Series A
Jun 2024
- InvestorsMatrix42 Benelux
& 9 more
- Acquired byMatrix42 Benelux
(Oct 2025)
Products & Services of Viio
Viio offers a comprehensive portfolio of products and services, including Intelligent Spend Management Platform, Savings Calculator, and Proactive Services.
Platform for managing and reducing software expenditures efficiently.
Tool to estimate potential savings on SaaS and cloud investments.
Services for negotiating vendor contracts and optimising spend.
Funding Insights of Viio
Viio has successfully raised a total of $5.13M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.43 million completed in June 2024. 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 $5.13M
- Total Rounds 4
- Last Round Series A — $3.43M
- First Round $328,892
(Apr 2020)
- Investors Count 9
All 4 funding rounds of Viio 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 2024 | $3.43M | Series A | – | North Ventures | |
| Jan 2021 | $1.2M | Seed | – | Vaekstfonden, PreSeed Ventures | |
| Nov 2020 | $175,220 | Seed | $1.5M | – | – |
| Apr 2020 | $328,892 | Seed | – | 70V | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2020 | $1.5M | •••••••• |
Last known valuation $1.5M (Nov 2020). 10 investors in total: 5 institutional and 5 angel.
Investors in Viio
Viio has secured backing from 10 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Matrix42 Benelux, 70V and North Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provision of financing, loans, equity, and insurance for Danish export and investment activities. | – | vf.dk | - | |
B2B startups are accelerated through focused programs by 70V. | 2018 | 70v.com | Vilnius, Lithuania | |
- | – | preseedventures.dk | - | |
CK Christian Kromann | - | – | unknown_a458a01e64e54a4e8 | - |
KH Klaus Holse | Danish tech leader, angel investor, ex-Microsoft executive, based in India. | – | unknown_55e1e07ffb934779b | - |
UB Ulrik Bo Larsen | Founder of MicroSave, angel investor, focused on fintech and financial inclusion | – | unknown_731b07b858af48e8b | - |
OA Ole Andersen | - | – | unknown_40289376b41c4f188 | - |
SB Susanne Bechmann Holse | - | – | unknown_449e9c0622b242d4a | - |
Invests in technology-driven B2B companies from Seed to Series A in Denmark and Nordics. | 2019 | northventures.dk | Copenhagen, Denmark | |
IT and enterprise service management software is provided for businesses. | 2009 | matrix42.com | Frankfurt Am Main, Germany |
Investor details for Viio
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Viio
2 people are tracked at Viio (2 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Fornander | Co-Founder & CEO | Leadership |
Morten Kruse Sondergaard | Co-Founder | Leadership |
Complete people profiles for Viio
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Viio
5 dated milestones of Viio across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Viio is founded.
- Funding First funding round of $329K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.4M.
- Exit Acquired by Matrix42 Benelux.
Competitors of Viio
Viio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BetterCloud, Vendr, Zluri, Productiv and Zylo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bettercloud.com | 2011 | New York, United States | $186.87M | 277 | SaaS applications management and security solutions are provided by BetterCloud. | |
| vendr.com | 2018 | Boston, United States | $216.15M | 180 | SaaS management platform is provided for procurement and IT teams. | |
| zluri.com | 2020 | San Francisco, United States | $32.49M | 125 | SaaS applications are discovered, managed, and access-controlled via Zluri's platform. | |
| productiv.com | 1999 | Palo Alto, United States | $73M | 26 | Productiv is focused on SaaS portfolio management and AI visibility. | |
| zylo.com | 2015 | Indianapolis, United States | $72.19M | 118 | SaaS management and optimization services are provided by Zylo. | |
| doit.com | 2011 | Santa Clara, United States | $100M | – | Cloud spend management platform for enterprises | |
| spendflo.com | 2020 | San Francisco, United States | $15.4M | 4 | SaaS platform for end-to-end procurement and subscription management is provided. | |
| finquery.com | 2011 | Atlanta, United States | $65.63M | – | Cloud-based lease accounting and management software is provided for businesses. |
Detailed competitors of Viio
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Viio
The website of Viio (viio.io) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 73.2% vs previous month
Latest news on Viio
Complete news archive for Viio
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Viio
10 companies that operate in the same segment as Viio (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 1,240 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about Viio
Viio was founded in 2009 and raised its 1st funding round 11 years after it was founded.
Viio is headquartered in Copenhagen, Denmark.
Michael Fornander is the current CEO of Viio. They have also founded this company.
Viio is a funded company, having raised a total of $5.13M across 4 funding rounds to date. The company's 1st funding round was a Seed of $328.89K, raised on Apr 2020.
Viio was founded in 2009 in Copenhagen, Denmark, as a SaaS platform focused on cloud spend management. Visibility is provided into cloud, SaaS, contract, and usage data across operations. The cloud stack is optimized by identifying unused licenses and tracking resource utilization. Services are delivered to support cost control in the technology sector, with a base in Europe.
Viio's top competitors include Zluri, BetterCloud and Vendr.
Viio offers Intelligent Spend Management Platform, Savings Calculator, and Proactive Services.
Viio has 10 investors. Key investors include Matrix42 Benelux, 70V, North Ventures, Christian Kromann, and Klaus Holse.
The valuation of Viio is $1.5M as of Nov 2020.
Viio operates through Viiotechnologies Aps.
Yes. Viio was acquired by Matrix42 Benelux in October 2025.