German market research startup quantilope has announced an approximate €24.1 million Series B fundraising round, bringing its total amount raised to around €34.4 million.
The Series B investment was led by Digital+ Partners, with Silicon Valley Bank providing debt financing and with participation from quantilope’s existing investors at Dawn Capital, Senovo, and Surplus. The funds will be used to further expand quantilope’s offering in Europe and the US with a focus on growth in the American market. quantilope will also leverage the capital to further develop their technology through AI, automating additional research methodologies, and creating a greater emphasis on support, empowerment, and collaboration in the supplier/client relationship.
“The entire quantilope team is super excited to announce our Series B funding, a major step towards achieving and accelerating our mission to enable agile insights at a global scale,” explained quantilope CEO Peter Aschmoneit. “Now more than ever, we see the need for fast and deep consumer insights for brands to stay closely connected to their consumers radically changing motivations, needs, and behaviors. The future of insights is about speed, efficiency, high-quality data, and collaboration among teams. quantilope is leading the way.”
Quantilope, founded in 2014, is an agile insights platform automating advanced consumer research methodologies for holistic project management. quantilope’s automated end-to-end platform delivers results 3x faster than traditional research agencies with an average turnaround time of 1 – 5 business days. This includes the questionnaire design, panel management, live reporting, in-depth analysis, and data visualizations.
“We believe that quantilope is exceptionally well positioned to modernize the market of market research by digitizing the workflow of consumer insights generation,” stated Thomas Jetter, partner at Digital+ Partners. “Above all, the combination of an excellent team with strong technical competence and a mature technology platform convinced us. We are delighted to be on board and to further support quantilope on its way to becoming the leading international Agile Insights platform.”
“quantilope’s leading platform and its team continues to convince us of their strong future. We are very confident that they’ll successfully scale and expand their business globally. We’re pleased to be part of their growing success story and are here to continue to provide support, when they need it,” said General Manager of Silicon Valley Bank’s Germany Branch, Oscar Jazdowski.
quantilope expanded into the US in 2019 following an initial Series A investment, and has so far served over 200 clients worldwide, growing their US-based client list more than 450% in the last year.