Stravito said it would use the funding to expand globally and accelerate product development
Stockholm, Sweden-based knowledge management solution Stravito has announced its latest Series A round of funding.
The company offers a knowledge management solution for access to market research and other insights. Its automated cloud service allows for the centralisation of internal and external data sources in order to organise research and more quickly generate understanding. Stravito counts the likes of Danone, Electrolux and Comcast among its customers.
The company’s latest €12.4million Series A was led by Endeit Capital, alongside HenQ, Inventure and Creades. It brings lifetime funding since the company’s 2017 foundation to €20.1mn.
Jelle-Jan Bruinsma, Partner at Endeit Capital, 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.”
Stravito said it would use the funding to expand globally and accelerate product development, and that it was appointing Jelle-Jan Bruisma and Elaine Rodrigo, Chief Insights & Analytics Officer at Reckitt Benckiser, to its board of directors.
“It has never been more important for the world’s largest enterprises to understand and react to their customer’s changing behaviours using centralised, vetted company insights. Stravito’s technology and platform makes it fast and easy for companies to use research to make better decisions.”” said Thor Olof Philogène, CEO and co-founder at Stravito.
“We’ve spent the past four years combining search, machine learning and great design to deliver a fantastic user experience. 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.”