Atobi, a Copenhagen, Denmark-based company that has developed an integrated SaaS platform for global brands and retailers, has secured €3.8 million in funding.
The round includes support from the Danish Export and Investment Fund as well as an investment from former Altor Partner, Thomas Kvorning, who will also join the board and contribute his strategic expertise.
The investment will further fuel Atobi's international growth and solidify its position in a rapidly growing market. The company already has agreements with major global customers across Europe, the Middle East, Mexico, and Australia.
"In an economic reality where SaaS companies in general struggle to attract investors, we are very proud to expand our investor base," says Atobi CEO Jan Dahl Andersen. "Atobi has focused on addressing major market trends, including omnichannel, closer collaboration between suppliers and retailers, 'Retail Media,' and the growth of physical stores.Our platform helps major brands and retailers collaborate on customer experiences and sales growth and through data, uncover untapped potential."
Company: Atobi ApS
Funding Month: July 2023
Additional Investors: Danish Export and Investment Fund and Thomas Kvorning
Company Website: https://atobi.io/
Software Category: Real-time Execution and Collaboration Platform
About the Company: Atobi is a Real-time Execution and Collaboration Platform for retailers and brands. The company platform helps retailers and their suppliers collaborate effectively, ensuring they can make informed decisions that will positively impact their business. Atobi's Real-Time Retail Execution Platform enables retailers and brands to drive sell-outs, optimize workflows, and deliver great branded experiences in every store, every day, with every customer.