Latvian Dripit Raises €100,000

Riga-based marketing analytics startup Dripit has won a 100,000 euros investment from a new Finnish venture capital firm Superhero Capital.

“Their broad experience and the wide network of contacts is a good addition to our team. With the investment, we can now focus on product development and grow our pilot customer base,” Ernests Stals, CEO of Dripit, said in a statement.

For the past five weeks, Dripit has attended Finnish accelerator Startup Sauna, to which the team was selected from over 700 applicants.

At the Sauna Dripit team caught the attention of Moaffak Ahmed, whose Startup Sauna’s head coach and Partner at Superhero Capital.

“We believe in the growth of e-commerce, thus making marketing analytics tools particularly interesting cases for us. During our continuous talks with Ernests and his team, we are convinced they can make it to the next level with our investment,” Ahmed said.