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Phyron raises €10M in Series B funding led by Round2 Capital to scale automotive ads with AI

PRIVATEJul 09, 2024

Amount Raised

€10 Million

Round Type

Series B

StockholmSoftwareArtificial IntelligenceAutomotiveMachine Learning

Investors

Peter VardyRound2 Capital

Description

Stockholm-based Phyron, an AI-powered content creation platform for car dealers, has closed a €10M Series B funding round led by Round2 Capital, with additional participation from existing investors and automotive retail giant Peter Vardy. The funding will be used to accelerate the development of AI and automation technology, grow the team, and expand operations into new markets, especially the US.

Who else raised in Automotive and Software around the same time

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

  • Harmonyze raised $2M (Pre-Seed) on August 22, 2024.
  • Opkey raised $47M (Series B) on August 22, 2024.
  • LLUMO AI raised $1M (Seed) on August 21, 2024.
  • DEFCON AI raised $44M (Seed) on August 20, 2024.
  • Moonlit raised an undisclosed amount (Funding Round) on August 20, 2024.
  • ModelOp raised $10M (Series B) on August 20, 2024.

Who to call at Phyron, and when

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Company Information

Company

Phyron

Location

Stockholm, Stockholm County, Sweden

About

Phyron is Stockholm-based AI-powered content creation platform for car dealers, founded in 2019. Their AI-based software enables the automated generation of product videos, helping customers achieve faster sales and reduced content creation costs. Currently with over 3,000 car dealers as customers, Phyron continues to expand its reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Phyron raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.