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Retail Analytics Provider Zoined Secures Second Round Funding

Zoined, a Finnish company offering reporting and analytics solutions for retail and wholesale customers, has raised 155 000 euros from private investors. The funds will be used to finalize product development, strengthen the sales organization and to start preparations for internationalization. Offered as a plug’n’play cloud service, Zoined’s solutions are affordable even for small and mid-sized customers and help them optimize their sales and maximize profit.

Zoined’s new generation fact based analytics service gathers store and product specific data on sales which allows the customer to react fast to deviations in expected sales, categorize customers into segments and identify hidden sales potential. Zoined was established in 2011 and its founders have over ten years of experience in retail and wholesale business, data warehousing and analytics.

“Large retail corporations have been analyzing the data produced by their ERP and Point of Sales systems for a long time. Thanks to our plug’n’play cloud service, similar analytics and reporting tools are now available to smaller companies fast and without a complicated and costly implementation process. Our new investors are among others Petri Hakanen, an expert in analytics and business intelligence and a Finnish startup accelerator Vendep. Mr Hakanen will join our board, and Vendep has provided hands-on help in focusing our business model and developing our online service,” says Atte Roine, CEO and co-founder of Zoined Oy.

“Zoined’s analysis and reporting solution is an excellent example of a web-based service we look to invest in. It is affordable and user-friendly, provides immediate customer value, and has real potential to gain international success,” Vendep’s CEO Sakari Pihlava says.

Further information
Atte Roine, CEO and Co-Founder, Zoined Oy, +358 40 581 1141, atte.roine@zoined.com
Sakari Pihlava, CEO, Vendep Oy, +358 40 771 3941, sakari.pihlava@vendep.com

About Zoined
Zoined offers fact based decision making services for retail and wholesale industries.
Readymade reporting and analytical solutions support decision making and actions in assortment optimization, targeted marketing, increasing sales, demand and sales forecasting and inventory management. Role based reports and analytical views offer service users easy to understand information at the right time in selected device whether user works as store manager, sales person, purchasing, warehouse manager, controller or top management. www.zoined.com

Vendep in brief
Vendep is a startup accelerator and seed investor. We provide startups with hands-on experience in innovative web-based services to achieve rapid growth and success internationally. Together with the entrepreneurs we develop business models for products and services, acquire new customers and raise funding over an acceleration period of 6 to 24 months. Currently our portfolio consists of companies both in Finland and in Silicon Valley. www.vendep.com

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