Trustmary, a leading testimonial marketing platform, raised $2.2 Million in Seed round to drive growth both in North America and Europe.
The $2.2 million investment round consisted of a $1.34 million equity investment from Vendep Capital, a Northern European SaaS-focused venture capital company, and an $888,000 loan from Business Finland, a Finnish governmental funding organization.
The fund will be used to further intensify the company's market entry, also strengthening marketing and development teams in both the European headquarters in Finland and the US headquarters in Minneapolis.
Company: Trustmary Group Oy
Round: Seed Round
Funding Month: September 2021
Lead Investors: Vendep Capital
Additional Investors: Business Finland
Company Website: https://trustmary.com/
Software Category: Testimonial marketing platform
About the Company: Trustmary was founded in 2016 to provide a global video testimonial service, but transformed into a SaaS company in 2020 with the launch of its first SaaS product. The Co-founders Johannes Karjula (CEO), Valtteri Ylimäki (Chief Financial Officer), Arttu Haho (Chief Marketing Officer), and Perttu Paukkeri (Board Member and Advisor) continue in their current roles and are excited to accelerate the company's growth both in Europe and in North America. Since the launch of the first SaaS product, the company has rapidly gained hundreds of customers from the USA, Canada, Germany, Finland, and Sweden.