minubo, a Business Intelligence cloud solution specifically developed for online shops, has received a second seven-digit seed investment and expands to the US. With the recent founding of the minubo Inc. in Boston, as well as the continuous development of the international partner networks, the basis for a successful US market entry is established.
The capital of this 2nd seed round comes from Seedcamp Investments, HTGF, Tola Capital as well as from prominent business angels like Stephan Schambach. With new capital and an expansion in the sales and development departments, the minubo team continues to position itself as a pioneer for intelligent data analysis in Germany and is now entering the US market. The Hamburg-based company was founded in 2013.
minubo is an eCommerce Intelligence “as a Service” solution particularly developed to meet online retailers specific analytics requirements. The young company aims to help online retailers drive their growth by converting data into action. Check out the video below this article to learn how minubo works.
Lennard Stoever, minubo co-founder and CEO, stated: “We consistently invest in the internationalization of the company and the expansion of our partner-networks. We have won globally active partners in the USA and Great Britain with businesses such as Demandware and Brightpearl, who provide our analysis solution to a large customer base”.
eCommerce pioneer Stephan Schambach, the lead investor of the current finance round, is confident: “With the new location in Boston, minubo now opens itself to US investors, who are accustomed to investing in young businesses. And because every online shop needs an analysis solution sooner or later, minubo is positioned just right in this large market.”