HomeFundingBerlin's RetentionGrid announces €500K funding and rebrands as AVARI

Berlin’s RetentionGrid announces €500K funding and rebrands as AVARI

Predictive personalisation technology provider AVARI today announced that it has raised €500K of additional capital and is launching the 3rd generation of its email marketing technology.

This recent round was led by Connect Ventures, and the Berlin-based angel investors Christoph Maire, Eric Wahlforss and Felix Petersen also joined the round. Founded in Berlin in 2013 as RetentionGrid, AVARI has now raised a total of € 1.02 million.

AVARI’s technology allows marketers to send a single email campaign – via any email service provider or marketing automation system – that could potentially result in millions of different outcomes. Every recipient will see a completely personalised message, filled with dynamic content from the moment they open it.

Designed to work alongside existing email marketing automation systems, AVARI’s new third-generation technology uses a lightweight integration that securely captures visitor journeys through a website. The information gathered from actions such as clicks, page views, dwell time, basket items, purchase items, form submits, downloads, and social actions is used to produce personalised recommendations that are injected into the email campaign. According to the young company, the result is a 73% overall lift in the CTOR (click-to-open rate) for brands using AVARI Dynamic Content.

“Technology for email service providers has fallen far behind other forms of ad tech. AVARI has created a game-changing product because it is the first predictive analytics engine that works alongside whatever email system is being used – it can be fully integrated via a simple, lightweight piece of code,” said AVARI’s CEO and co-founder Kevin Dykes. He continued: “But while the implementation is simple, AVARI is an incredibly powerful new tool for email service providers which ensures that when a customer clicks on a marketing email, it contains accurate and relevant information that has been updated in real time.”

Since its founding in April 2013, AVARI now serves more than 7,000 e-commerce businesses in 59 countries. AVARI’s customers in turn serve 10 million consumers in 187 countries. The startup’s new hires made in recent months include a VP of business development, VP of sales, a creative director and several senior developers on the engineering team, bringing the company’s headcount to 18; there are concrete plans to increase hiring in the company over the next three months, too.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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