We’re pleased to share that Growth Capital served as financial advisor to TimeFlow in their closing of a €4 million investment round. The company took part in A-Road, the acceleration and fundraising program, during its fourth batch, receiving support from Duccio Vitali, CEO of Alkemy and A-Road Mentor

Timeflow is a company focused on innovating the IT sector through a proprietary AI-powered solution that streamlines the search, qualification, and engagement of professional service suppliers, accelerating the match between recruitment needs, available Tech Talent, and IT skills.

The round was led by Vertis SGR and Azimut (ALIcrowd III) followed by Azimut Venture Capital Digitech Europe and X-Equity strategy funds, both supported by FNDX. Additionally, CDP Venture Capital (Fondo Rilancio), Growth Engine, and Duccio Vitali converted previously subscribed convertible instruments into equity.

In 2024, Timeflow:

• reached €1.5 million in estimated revenues
• hit over €30 million in managed projects
• saw a 900% surge in enterprise clients using the Workflow & Vendor Management solution

“This important capital raise marks a key milestone for TimeFlow and a strong confirmation of investor confidence in our innovative model. We are excited to accelerate our growth plan and continue offering solutions that digitalize sourcing and workforce management, optimizing resources, reducing search times, and maximizing talent potential” – says Lorenzo Danese, CEO of TimeFlow. “Every day, thousands of companies struggle to optimize workforce and IT sourcing management, leading to wasted resources. We set out to change this scenario, and over 1,500 companies have already chosen us to support them in this transformation toward greater operational efficiency.”

Andrea Casati, Vice President at Growth Capital, added: “We are proud to have supported TimeFlow in this fundraising round, acting as their sole financial advisor within the A-Road program. Their significant growth, with a 160% CAGR in revenue, confirms the strength of their business model and the value of their innovation in the Workforce & Vendor Management. The strategic support of Duccio Vitali, CEO of Alkemy and A-Road Mentor, has helped accelerate this journey, further solidifying their market position. We are confident that this round marks a turning point for TimeFlow, positioning the company for ambitious new milestones in Italy and abroad”.

The capital will support international expansion, further technological advancements, and organizational growth.