New Funds for Knowledge Management Platform Stravito

Knowledge management platform Stravito has raised EUR 12.4m ($14.6m) in a Series A round of funding, led by Endeit Capital. Endeit Partner Jelle-Jan Bruinsma joins the Board, as does Reckitt Benckiser Chief Insights Officer Elaine Rodrigo.

Stockholm-based Stravito offers a platform using proprietary AI software to help users access market research and insights. The system automatically classifies and tags unstructured data; and a deep search feature uncovers and curates insights - helping teams to collaborate both within their company and with external agencies.

Existing investors HenQ, Inventure and Creades also participated in the new round, which will be used to accelerate product development plans and to expand globally, with a focus on the US market. The latest investment brings the total raised to date to EUR 20.1m ($23.7m). Bruinsma comments: '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 is led by co-founder and CEO Thor Olof Philogène (pictured), and is online at www.stravito.com .