Market research and insights are often underutilized assets for enterprises, but it’s usually too hard to find content and there’s a lot of duplication, or information isn’t used well.
Swedish startup Stravito says it can centralize internal and external data sources and create something more akin to a “Spotify or Netflix” for these kinds of assets, making them far more usable and consumable, they say.
It’s clearly onto something, since it’s now raised a €12.4 million ($14.6 million USD) Series A funding round led by Endeit Capital, with additional investment from existing investors HenQ, Inventure and Creades. To date, Stravito has raised €20.1 million ($23.7 million USD).
Founded in 2017 by market research veterans and former iZettle employees, Stravito counts among its customers Carlsberg, Edwards Lifesciences, Pepsi Lipton, Danone, Electrolux and Comcast.
Thor Olof Philogène, CEO and co-founder at Stravito said: “It has never been more important for the world’s largest enterprises to understand and react to their customers’ 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.”
On a call with me he added: “We provide a search technology, and a great design, all combined to deliver an intuitive, highly automated cloud service that allows these big companies to centralise internal and external data sources so they can pull out the nuggets they need.”
Jelle-Jan Bruinsma, partner at Endeit Capital, added: “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.”
Stravito also appointed Elaine Rodrigo, chief insights & analytics officer at Reckitt Benckiser, to its board of directors.