Cint Secures $13m Investment to Fuel Expansion

Sample marketplace firm Cint has secured a $13m investment, earmarked for expanding the business in both new and existing markets, extending its product portfolio and strengthening its team.

Cint, which is headquartered in Stockholm, Sweden, provides market researchers with fully automated access to panels of 4 million profiled individuals across 40 countries. The firm also has offices in the US, Canada, Spain, Denmark, Russia, Germany, the Netherlands and the UK.

Earlier this year, Cint launched Sample Direct, a plug-in that can be installed with any third party software and accessed online, to provide fully automated sampling and send-out procedures.

The latest funding has been led by venture capital firm Prime Technology Ventures, with participation from existing investors including Nordic venture capital firm Creandum.

'The investment by Prime is a signal of strength for us as a company, for our market position and maybe most importantly for our long-term vision of bringing market research to everyone,' explains Cint CEO Bo Mattsson.

As part of the deal, Alexander Ribbink, lead Partner at Prime Technology Ventures, will join Cint's Board of Directors.

Web sites: www.cint.com and www.ptv.com .