Cikisi, a Belgium-based company, recently announced that it has successfully raised €2.7 million in a pre-Series A round of funding.
SaaS Investors
The pre-Series A round was led by Angelwise, with participation from finance&invest.brussels, and existing Business Angels and investment funds, Investsud and Sambrinvest.
Angelwise is an early stage investment fund specializing in ICT and SaaS in Belgium. The fund's main focus is to provide maximum support to startups and young companies at the next stage of their growth, preferably together with business angels or other early-stage funds.
Cikisi Use of Funds
Cikisi plans to utilize the €2.7 million in funding to accelerate its growth and extend its market reach over the next two years.
About Cikisi
Founded in 2016, Cikisi provides an easy-to-use market intelligence SaaS while maintaining a high degree of customization and performance, which allows its customers to collect in real-time the entire data on their industry. The company has developed a competitive tool designed to automate the entire workflow of market intelligence departments. The tool covers tasks from data collection and enrichment to analysis and distribution to stakeholders. Key features include robust search and indexing capabilities, semantic text analysis, and access to a massive database containing 1 billion continuously updated documents.
The company aims to achieve profitability at an operating level or become EBITDA positive by the end of 2024. Additionally, Cikisi intends to raise Series A funding in 2025.
Funding Details
Company: CIKISI S.A.
Raised: €2.7M
Round: Pre-Series A
Funding Month: September 2023
Lead Investors: Angelwise
Additional Investors: finance&invest.brussels, Investsud, and Sambrinvest
Company Website: https://www.cikisi.com/
Software Category: Website Monitoring Software
Source: https://siliconcanals.com/crowdfunding/cikisi-raises-2-7m/