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giosg secures a 4.5M euro investment to boost AI capability, UK & Nordic market expansion

giosg, who provides solutions that enable clients to engage more successfully with their online visitors, receives total funding of €4,5 million from Zenith Growth I, Vendep Startup Fund I and Business Finland.

“The UK and Nordic region are a strong growth opportunity as they are home to the largest and most vibrant financial services sectors in Europe, sectors which are strongly demanding the AI-based targeting and customer engagement tools we offer. Additionally, Sweden and the Nordic countries are also early adopters and frontrunners in the AI and data market, which makes them a logical market to expand to and a great business opportunity”, says Ville Rissanen, CEO, giosg.

Rebecka Löthman Rydå, Investment Manager at Zenith Growth says: “We identify AI and online engagement to be of increasing importance to businesses from all sectors, especially financial services, as their sales and customer services functions move progressively online. We are very excited to help giosg accelerate their growth”.

giosg’s CEO continues, “As a profitable company that has required very limited seed funding to date, we set out to secure a more sizeable investment to boost our growth and to be able to offer our AI-based customer engagement tool to our key markets at a faster rate. Additionally, we are certain Zenith’s experience and network reach, as well as their proven track as a top investor in capital for growth will help strengthen our focus sectors.”

About giosg

giosg combines data and artificial intelligence (AI) with feature-rich technology to provide intuitive solutions that deliver the right online trigger, to the right person at the right time - allowing your organisation to operate smarter.

For more info,

Vendep Capital

Vendep Capital Fund invests primarily in Finnish startups offering software to B2B customers. In April 2017, Vendep Capital launched a new €40 million fund aimed at SaaS startups. The fund was raised from Finnish private and institutional investors such as Tesi (Finnish Industry Investment Ltd) and The Finnish Innovation Fund Sitra. The fund may make investments alone or as part of a syndicate.

About Zenith Group

Zenith Group is all about empowering entrepreneurs and building great companies.

The Zenith team has a proven track record of building great companies by leveraging extensive industry knowledge and valuable networks that accelerate each portfolio company´s growth trajectory. Based on the legacy of Varenne AB and Zenith VC AB, the newly established fund structure Zenith Group, offers three funds; Zenith Venture Capital I, Zenith Growth I and Zenith RealEstate I.

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