– SWEDEN, Stockholm – Stravito today announced the company has raised a $14.6 million (€12.4 million) series A funding round led by Endeit Capital alongside existing investors HenQ, Inventure, and Creades.
The additional capital will be used to accelerate product development and to expand globally, with a particular focus on the US market.
Concurrent with the financing, Jelle-Jan Bruinsma, Partner at Endeit Capital will join the Board of Directors alongside Elaine Rodrigo, Chief Insights & Analytics Officer at Reckitt Benckiser, who will also join the Board. Elaine is an established industry thought leader with 20 years of 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.” said the company.
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.”
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 (€250 million) fund it closed in April.
For more information: https://www.stravito.com/
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