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
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Sectors
Technology
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Viiotechnologies Aps
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Annual Revenue
Not available
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Net Profit
-$238.52 K (USD)59as on Dec 31, 2022
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EBITDA
Not available
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Total Equity Funding
$5.13 M (USD)
in 4 rounds
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Latest Funding Round
$3.43 M (USD), Series A
Jun 26, 2024
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Investors
Matrix42 Benelux
& 9 more
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Employee Count
Not available
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Acquired by
Matrix42 Benelux
(Oct 22, 2025)
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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.
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.
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Provision of financing, loans, equity, and insurance for Danish export and investment activities.
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B2B startups are accelerated through focused programs by 70V.
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Investor details for Viio
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Investments & Acquisitions by Viio
Investment portfolio details for Viio
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- Transaction dates
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Financial Statements - Viio
Detailed financials for Viio
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Viio Comparisons
Peer comparison for Viio
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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 year | HQ Location | Description |
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SaaS applications management and security solutions are provided by BetterCloud.
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SaaS management platform is provided for procurement and IT teams.
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SaaS applications are discovered, managed, and access-controlled via Zluri's platform.
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Productiv is focused on SaaS portfolio management and AI visibility.
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SaaS management and optimization services are provided by Zylo.
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Cloud spend management platform for enterprises
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Detailed competitors of Viio
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Latest news on Viio
Complete news archive for Viio
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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.
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.