Nosto Solutions, a Helsinki, Finland-based e-commerce personalization software company, secured a $5.5m in financing.
The round was led by Wellington Partners with participation from existing investors Open Ocean Capital and SanomaVentures, along with Tekes, the Finnish Funding Agency for Innovation.
The company intends to use the funds for global expansion.
Led by Juha Valvanne, CEO and Founder, Nosto provides a cloud-based big data marketing automation solution that enables online retailers to deliver a personalized shopping experience to individual customers based on their unique user behavior to increase conversion, customer retention and online store revenues.
Launched in October 2013, the company is currently powering online retailers in over 30 countries from offices in Helsinki, Stockholm, London and Berlin.
Clients include international brands such as LUSH, Intersport, The Iconic, Flight Club, Bauhaus and Philips.