PRESS RELEASE

for immediate publication

Workforce management platform L1NDA raises 1.0 million euro from Newion Investments and DHG

Amsterdam, July 2016 – L1NDA offers an easy to use cloud-based solution for finding, scheduling and paying SME teams, through its mobile and desktop platform. L1NDA is used daily by over 30.000 employees in thousands of locations which makes L1NDA market leader in the Dutch hospitality market. Existing shareholder DHG, together with Newion Investments, will provide knowledge and resources for further growth and entering new markets, also internationally.

Unique position

L1NDA’s platform is built with ‘generations Y and Z’ in mind. These generations play a dominant role in the hospitality market, are digital natives and have specific demands for their working environment and how people work together. They require great flexibility and dynamic planning. L1NDA offers her customers and users the solution to easily adapt to this new way of working and planning.

L1NDA has grown exponentially over the past years. This growth confirms that there is a strong demand for intuitive, user-friendly, people-oriented staff planning. Over a period of two years, the company showed triple digit growth rates.

“Three years ago we made our first investment in L1NDA, because we strongly believed in the team, their in-depth knowledge of the hospitality market and their vision on the future of workforce management. Since then, L1NDA has grown to become the market leader in the Netherlands. We are very proud to provide additional funding together with reputable Dutch VC firm, Newion Investments, to help L1NDA scale internationally.”

“We know the company and its founders already a couple of years and are impressed by the platform and client base. With our knowledge of companies that specialise in B2B software and specific experience in the areas of internationalisation and marketing we can help L1NDA take the next step towards international market leadership!”

“We all know it: the next wave of workers will irreversibly change how work works. The L1NDA team steps forward to provide the answer to this change. I am proud that our first investor DHG reinvests in our vision. Newion Investments is a big boost of expertise and capital for the company. With these two investors by our side we can further realize our vision, for which I am very grateful. I look forward to the upcoming expansion of our services and to further fulfilling the needs of our customers.”

About Newion Investments – www.newion-investments.com

Newion has been one of the most successful investment companies in its sector since it was founded in 2000. Portfolio companies include Collibra, iWelcome, Reasult, Mall-Connect, 24i Media, CustomerGauge, Instant Magazine and Nallian. Now investing from its third fund with a value of € 50 million, Newion focuses on business technology and software companies in the Benelux. The main investor in Newion II is the European Investment Fund, which supports innovative companies through the EU ‘Competitiveness and Innovation Framework Programme’ (‘CIP’).

About DHG - www.dhgcomnet.nl

DHG Communications Network BV is an independent investment company with a no nonsense mentality. Besides providing capital, we bring in our personal experience and know how. We invest smart capital in The Netherlands, USA, Singapore, India and Israël. Working closely with investment funds like Peak Capital, 500 Startups, Golden Gate Ventures and YL Ventures.

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