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Stravito Raises $14.6 million in Series A Funding

Thor Olof Philogène September 2, 2021 at 9:08 AM

 

Endeit Capital Leads the Investment with Existing Investors HenQ, Inventure and Creades for the Stockholm-Based Knowledge Management Scale-up

Jelle-Jan Bruinsma, Partner at Endeit Capital, and Elaine Rodrigo, Chief Insights and Analytics Officer at Reckitt Benckiser, join Stravito’s Board of Directors

 

Today we are very proud to share the news that we’ve raised a $14.6 million (€12.4 million) series A funding round. Endeit Capital led the round with additional investment from our existing investors HenQ, Inventure and Creades

It has never been more important for the world’s largest enterprises to understand and react to their customer’s changing behaviours using centralized, vetted company insights. Our technology and platform makes it fast and easy for companies to use research to make better decisions, and we’re proud to welcome new partners onboard to work with us on this mission. 

The additional capital will be used to accelerate product development and to expand globally, with a particular focus on the US market. 

Jelle-Jan Bruinsma, Partner at Endeit Capital, comments:

-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.

Endeit Capital’s investment in Stravito is part of the firm’s strategy to boost scale-ups in what the firm sees as the globe's most promising regions and follows the $295 million USD (€250 million) fund it closed in April.

We’re also very proud to announce that we have appointed Elaine Rodrigo, Chief Insights & Analytics Officer at Reckitt Benckiser, to its board of directors. Elaine is an established industry thought leader with 20 years experience working with research and insights at global consumer goods companies.

We’ve spent the past four years combining search, machine learning and great design to deliver a fantastic user experience. Now, we are very 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 in the world's largest organizations.