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Stravito, a Stockholm-based knowledge management platform for enterprises, announced today a €12.4 million ($14.6 million USD) series A funding round. Endeit Capital led the round with additional investment from existing investors HenQ, Inventure and Creades.
Stravito provides a ‘Google-like’ search experience, unlocking customer insights, marketing, and R&D research within larger companies. The SaaS scale up solves an information access problem for corporations where distributed teams need access to acquired and created research reports. The system uses ‘natural language processing’ to label and search insights in documents, reports, videos, or dashboard, saving time for employees and preventing unnecessary investments in research.
It has never been more important for the world’s largest enterprises to understand and react to customer’s changing behaviors. Global organizations like Danone, Electrolux, and Comcast use Stravito’s Technology and platform because their solution makes it fast and easy for companies to use research and make better decisions.
Stravito was founded in Sweden in 2017 by market research veterans and former iZettle employees. Besides the office in Stockholm, Stravito is represented in Boston, as well as several European countries. To date, Stravito has raised €20.1 million ($23.7 million USD) in two funding rounds.
Endeit Capital’s investment in Stravito is part of the strategy to boost European scale-ups to stimulate Europe’s digital ecosystem and is based on our experience from earlier investments in both Metrixlab and Roamler. Stravito stood out in the Nordics through its impressive work to raise the bar in the multimillion dollar market research and data industry. The company has developed a world-class platform that enables employees to leverage and research to make better business decisions. At Endeit we are excited to become a partner with Stravito, building on their early successes, fueling global expansions, new hires, and product development. Jelle- Jan Bruinsma, partner at Endeit Capital will join Stravito’s Board of Directors. and Dutch-based fintech BUX
Stravito is the second investment out of the €254 million ($300 million USD) Endeit Fund III that was closed in spring 2021. Earlier this year Endeit Capital invested in the German scale-up Parcellab and the Dutch fintech BUX.
Endeit refers to the following statement in connection with the sustainable finance disclosure regulation (SFDR), available here.
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