The startup was first founded by Phillip Baumann, now CEO, who first developed the idea of a technology business that helps track where company assets are over a dinner with his in-laws.

He boot-strapped the business and brought in Fitim Mehmeti as a Co-Founder who had already achieved back-to-back growth success stories with BonusCard.ch and ricardo.ch. Together they raised initial capital and have grown the firm exponentially year-on-year, winning several clients including the more household names of Siemens, Bayer and Panasonic. Initially in Switzerland, the firm has employed and won business across other key mainland European markets and is now turning its attention to the UK.

The service prides itself on simplicity and innovation, which is why they have a real focus on client feedback and consistently implement updates to the service to improve the already-excellent offer. Quite simply the business allows companies of any size or industry to track where everything their business owns actually is, and in which condition. This includes devices given to staff, subscriptions, vehicles, anything. Alongside inventory tracking is also the opportunity for businesses to manage internal inventory-related ticketing/ requirements and much, much more.

To date, the business has had great success in the construction industry, as well as organisations from the public sector, including hospitals and schools but presents itself as “sector agnostic” according to Philipp Baumann, Co-Founder & CEO.

He continued: “The UK is a brilliantly diverse business market and it always has been. In fact, as a national from another European state, sometimes from the outside it seems like the UK itself doesn’t quite appreciate how awesome a nation it is for business! That’s why it is finally time to take Timly across the channel.

“We have already signed a few UK clients and are already in some exciting final stage conversations with firms both large and small and have ambitions to open a satellite office soon too. It is also a vital location in terms of our long-term expansion plans globally and for our future fundraising desires.”

To date, Timly raised just over €600K in pre-seed capital and will look to complete a Seed funding round later this year.