Nosto Solutions Ltd, a Helsinki, Finland-based provider of e-commerce solutions, closed a €2.2m funding.
The round, which also included debt funding and grants, was led by Open Ocean Capital, with participation from existing investors Veturi Venture Accelerator, SanomaVentures, Petteri Erkintalo (founder of Klikki), and other angel investors.
Led by Juha Valvanne, CEO and founder, Nosto provides solutions for online marketing automation for the global e-commerce industry. Its SaaS-based, plug and play solution aims to enhance customers’ online shopping experience by enabling personalized product recommendations in real time.
Customers include brands such as Angry Birds, Intersport, JOY, Reima, Outnorth and Sanoma’s Huuto.
The company intends to use the capital to continue to develop its service, which will publicly launched later this year.