Time tracking startup TIQ closes €310k seed round

Time tracking startup Tiq announced they raised a 310.000 euro seed investment from four angel investors.

Two of them prior invested in a pre-seed round. The investment will be used to accelerate growth and further develop the product and team.

Time tracking

Tiq, founded in 2014, automates time tracking by connecting to MS Office, Google Apps, and other office tools you might use all day. At the end of the day, Tiq will show an overview of your activities matched to the right project or client. The startup claims the time tracking can be done in one minute a day.

According to founder and CEO Nick Schils, the startup shows “healthy growth rates” in the accountancy and legal sector.

“Tracking time is an issue for almost every company working on a case- or project base. Around 15 percent of billable time goes untracked. We help our clients find this lost revenue back.”

Accelerators

The team is an alumni of the Microsoft Ventures Accelerator in London and Rockstart’s Web & Mobile accelerator programme in Amsterdam.

Image: MeganY @ Pixabay

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