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Tuesday, April 16, 2024

Finland’s market intelligence startup Statzon raises €400K seed to expand to new industry verticals

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Lahti-headquartered startup Statzon has secured €400K in a seed funding round from existing investors such as Gorilla Capital and from a new investor Sofokus Ventures as well as an R&D loan from Business Finland. The startup helps its users access 200+ industry and technology data and insight providers in a single platform. The new funding now gives the green light for the expansion and scaling of the company. Statzon will also save some for product development.

Statzon’s product is a unique market intelligence platform. With one subscription, the users access over 3M market reports and insights from over 250 curated market research providers. After a successful launch in the first vertical and many of the top global automation and robotics companies as its customers, the company has scaled its coverage to a new vertical, e-mobility.

Statzon, Sofokus, Turo Numminen“In 2022 Statzon was able to demonstrate growth in selected verticals and they have a highly scalable business model to be replicated in more areas. Growth was achieved by a systematic approach to creating visibility on selected topics and becoming leader in those. We have confidence in the team’s capabilities and their passion to build a world-class business and wanted to join Statzon as an investor.

We believe that the new funding will support further growth and enables the platform’s development and expansion,” commented Turo Numminen, Co-founder of Sofokus Ventures.

Statzon, Kimmo Kuokkanen “After the first vertical, we have successfully scaled to e-mobility. We are working closely with our customers to create more and more value for them. With many of the leading global companies such as Mitsubishi Electric, Stäubli, and Schunk already working with us, we have proven that we are able to create a lot of value for our customers when it comes to a better market understanding. We are ready to expand and scale our operations,” says Kimmo Kuokkanen, CEO, and co-founder of Statzon.

Click to read more funding news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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