New Funds for MR Tech Firm GroupSolver

In the US, MR tech firm GroupSolver has raised $2.5m in a new funding round, which it will use to continue to expand its survey platform and accelerate its go-to-market strategy.

San Diego-based GroupSolver combines machine learning and crowd intelligence to help decision-makers and researchers find insights that it says have traditionally remained hidden from online surveys or focus groups. The firm's technology allows for open-ended answers to be quantified, capturing natural language feedback from online consumers rather than offering precodes.

The company has now raised $7.3m over eight rounds. The latest was led by Eterus Capital along with other existing investors including the venture capital fund Neulogy Ventures, investment group NuFund, and GroupSolver co-founder and CEO Rasto Ivanic (pictured).

Matej Hodek, Investment Manager of the Eterus Capital fund, comments: 'We have had a close relationship with Rasto and his team. Our mission is to support successful founders, and since we see great potential in GroupSolver, we have decided to invest additional growth capital as the team is ready to accelerate. We believe that they will seize this opportunity and meet their strategic goals'.

Web site: www.groupsolver.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.