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Stravito, a knowledge management platform, has raised €12.4 million (about $14.6 million) from Endeit Capital in a Series B round. Stravito will use the new funds to speed up product development and grow globally, emphasizing the US market.
Stravito, a knowledge management solution, has raised €12.4 million (approx. USD 14.6 million) in a Series A funding round led by Endeit Capital. Other participants include HenQ, Inventure, and Creades.
Stravito plans to use the new funds to speed up product development and grow globally, with an emphasis on the US market. Stravito has raised €20.1 million (approx USD 23.7 million) to date.
Stravito’s easy, highly automated cloud service is used by global corporations such as Danone, Electrolux, and Comcast to centralize internal and external data sources, manage research and data, and swiftly provide the discoveries that enterprises need to propel growth. Stravito, founded in 2017 by market research veterans and former iZettle (now Zettle by PayPal) workers, counts world-leading companies including Carlsberg, Edwards Lifesciences, and Pepsi Lipton among its customers.
“It has never been more important for the world’s largest enterprises to understand and react to their customer’s changing behaviors using centralized, vetted company insights. Stravito’s technology and platform makes it fast and easy for companies to use research to make better decisions.”Thor Olof Philogène, CEO and co-founder at Stravito, said,
“Endeit Capital is always looking for the next generation of international software scale-ups, and Stravito stood out in the Nordics through its impressive work to raise the bar in the multibillion-dollar market research and data industry. The company has developed a world-class platform that enables employees to leverage research and insights to make better business decisions. We’re excited to partner with Stravito and build on their early successes, fueling global expansion, new hires, and product development.”Jelle-Jan Bruinsma, a partner at Endeit Capital, said,
Endeit Capital’s investment in Stravito is part of its strategy to boost scale-ups in what the firm sees as the globe’s most promising regions and follows the €250million (approx. USD 295million) fund it closed in April.
Elaine Rodrigo, Chief Insights & Analytics Officer at Reckitt Benckiser, has been named to Stravito’s board of directors. Elaine is a well-known industry thought leader with over 20 years of experience in global consumer products research and insight.
“We’ve spent the past four years combining search, machine learning, and great design to deliver a fantastic user experience,” said Thor. “Now, we are pleased to welcome Jelle-Jan and Elaine to the Stravito board. I’m confident their expertise will help us as we continue to pursue our goal of simplifying knowledge discovery.”Thor added