Quantilope, a market research startup based in Germany and the New York city has announced on 23rd July, 2020 that is has secured €24.1 million series B financing. The investment was led by Digital+ Partners, with Silicon Valley Bank providing debt financing. Other participants are Quantilope’s existing investors at Senovo, Surplus and Dawn Capital.
This latest round brings the total amount raised to around €34.4 million. Company claims to utilize the funds for expansion of Quantilope’s offering in Europe and US with a focus on growth in the American market. Quantilope will also deploy the funds for further development of their technology through AI, creating a greater emphasis on support, empowerment, automating additional research methodologies and collaboration in the client/supplier relationship.
Quantilope has served over 200 clients globally and has expanded into the US market in 2019 following an initial Series A investment, growing their US-based client list more than 450% in the last year.
“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,” announced Peter Aschmoneit, Quantilope’s CEO. “Now more than ever, we see the need for fast and deep consumer insights for brands to stay closely connected to their consumers radically changing motivations, needs and behaviors. The future of insights is about high quality data, efficiency, speed and collaboration among teams. Quantilope is leading the way.”
Established in the year 2014, Quantilope is an agile insights platform automating advanced consumer research methodologies for holistic project management. Its automated end-to-end platform delivers results 3x faster than traditional research agencies with an average turnaround time of 1 – 5 business days. This includes the panel management, questionnaire design, in-depth reporting, data visualization and live reporting.
“We believe that quantilope is exceptionally well positioned to modernize the market of market research by digitizing the workflow of consumer insights generation,” stated Thomas Jetter, partner at Digital+ Partners. “Above all, the combination of an excellent team with strong technical competence and a mature technology platform convinced us. We are delighted to be on board and to further support quantilope on its way to becoming the leading international Agile Insights platform.”
“Quantilope’s leading platform and its team continues to convince us of their strong future. We are very confident that they’ll successfully scale and expand their business globally. We’re pleased to be part of their growing success story and are here to continue to provide support, when they need it,” said General Manager of Silicon Valley Bank’s Germany Branch, Oscar Jazdowski.