BrainSINS, a Madrid, Spain-based provider of a SaaS personalized recommendation solution for eCommerce, has closed a €400k first funding round.
The round was led by Inveready Capital Risk, which committed approximately €200k, with participation from several business angels, including:
– Centre de Recerca i Innovació de Catalunya (CRIC), chaired by Narcis Clavell.
– Jordi Priu,
– José Antonio Ruiz Vigo,
– Sven Huber,
– Elena Gómez del Pozuelo, and
– Intelectium Consulting.
The company intends to use the funding to increase its market share in Spain and expand in Europe, and mainly in the UK where the company plans to open its first outside office.
Founded in 2010 and led by CEO Francisco Carrero Garcia, BrainSINS provides recommdendation add-ons for online shops.