quantilope Raises $28m for European and US Expansion

MR agency quantilope has raised $28m in a Series B found of funding, which it will use to further expand its offering in Europe, and particularly in the US.

Based in Hamburg, Germany and with an office in New York, quantilope offers a platform which maps the entire market research process including questionnaire design, panel management, live reporting, in-depth analysis and data visualizations. Its services also include a fully-automated TURF model, helping clients to maximise the consumer reach of new products and marketing campaigns by identifying the best combination of attributes.

The new funding round has been led by Digital+ Partners with Silicon Valley Bank providing debt financing, and participation from quantilope's existing investors at Dawn Capital, Senovo and Surplus. This adds to a Series A financing round which raised $8m in 2018, and brings the total raised to date to $40m. As well as expansion, quantilope will use the new funds to further develop its technology through artificial intelligence (AI), automating additional research methodologies. CEO Peter Aschmoneit (pictured) comments: 'The entire quantilope team is super excited to announce our Series B funding, a major step towards achieving and accelerating our mission to enable agile insights at a global scale'.

Web site: www.quantilope.com .