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Turning Up The Heat On Fast-Moving Consumer Goods Market Research, Algori Raises €3.3 Million

PRIVATEJul 07, 2023

Amount Raised

€3.3 Million

Round Type

Seed

MadridRetail

Investors

Flashpoint VCTallinn’s Change VenturesShilling Capital

Description

Madrid-based martech startup Algori has raised €3.3 million in a seed round. Offering fast-moving consumer goods companies ultra granular data, the investment will be used to further develop the startups’ data science tech as it scales business in Spain and eyes additional Western European market entries.

Quick answer

Algori raised €3.3 Million in a Seed round, dated July 7, 2023. Investors: Flashpoint VC, Tallinn’s Change Ventures and Shilling Capital. Algori is based in Madrid, Community Of Madrid, Spain.

How much did Algori raise?
Algori raised €3.3 Million in a Seed round on July 7, 2023.
Who invested in Algori?
Flashpoint VC, Tallinn’s Change Ventures and Shilling Capital are named as investors in this round.
What does Algori do?
Algori is a consumer panel reimagined.
Where is Algori based and how big is it?
Algori is based in Madrid, Community Of Madrid, Spain. Fundz records about 23 employees.
Who are the decision-makers at Algori?
Fundz holds 1 contact at Algori, including the Co-Founder & Chief Data and Product Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Retail around the same time

Companies in the same sectors as Algori that raised within 45 days of this round, from Fundz verified event records.

  • SmartCommerce raised $6.1M on August 17, 2023.
  • Westrock Coffee raised $119M on August 3, 2023.
  • Nuqleous raised $26M on July 25, 2023.
  • Solethreads raised $3.7M (Seed) on July 18, 2023.
  • Westrock Coffee raised $25M on July 18, 2023.
  • SmartDukaan raised $10M (Funding Round) on July 14, 2023.

Who to call at Algori, and when

A new round usually means Algori is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Algori

Location

Madrid, Community Of Madrid, Spain

About

Algori is a consumer panel reimagined. We provide fast-moving consumer goods (FMCG) companies the fastest and most granular insights for growth. Algori helps improve distribution, sales and marketing of FMCG brands and retailers, and is already working with some of the top FMCG companies in Spain. Led by industry veterans, Algori combines technology with an unmatched data set from operating Spain’s largest panel sample of 45,000 weekly shoppers. We offer individual stock keeping unit (SKU) level insights in near real-time, resulting in a 7 times faster delivery than incumbent panels. The cross-retailer SKU-level data from 25,000 daily baskets is enriched with demographics, psychographics and store location data as well as targeted shopper trigger-surveys for qualitative inputs.

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Related People

1 contact
Verified contactsBalys B., Co-Founder & Chief Data and Product Off…See plans and pricing
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Algori raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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