Cikisi raises €2.7m pre-Series A round to accelerate growth and extend its market

Cikisi raises €2.7m pre-Series A round to accelerate growth and extend its market

Published: 01-09-2023 11:44:00 | By: Pie Kamau | hits: 3101 | Tags:

To fuel its growth over the next two years, Cikisi has raised €2.7 million this summer. Three new investors are joining Cikisi’s missions: Angelwise, a Belgian ICT & SaaS early-stage investment fund, finance&, Brussels’ regional investment company, and a new renowned Business Angel with a relevant SaaS track record. Next to these three new investors, the founders, the historical Business Angels and investment funds, Investsud and Sambrinvest, also participated in this round.

Valery Mainjot, CEO and Co-founder, Cikisi: ''Our main objective over the next two years is to accelerate our growth, exploiting new sales channels and new geographical territories. We will continue to target European markets outside of Belgium, where we already generate 70% of our sales, and where we will develop a local commercial presence.''

Cikisi has developed an all-in-one tool for market and competitive intelligence. It optimizes the entire workflow of a market intelligence department: from data collection, data enrichment and analysis all the way up to the distribution of the processed information. The tool comes with very powerful search and index capabilities, semantic text analysis and a data repository of 1 billion documents that is updated continuously.

With a Seed round in June 2021, Cikisi fine-tuned their B2B SaaS Market Intelligence solution to perfectly suit the needs of large international industrial and service companies. They succeeded in establishing good traction and an advantageous competitive position by seamlessly integrating cutting-edge technologies with an intuitive, easy to use, user interface. 

Cikisi plans to be EBITDA positive by the end of 2024 and to raise Series A funding in 2025.

Marc Mommaerts, Managing Partner, Angelwise: ''Angelwise is excited to help Cikisi in its mission to become the leading market  intelligence tool. We were impressed by the customer traction, demonstrating Cikisi’s capabilities to convince large industrial, IT and service companies to use the tool. This proven track record, the amazing product and the operational excellence in execution convinced us that Cikisi is ready to quickly expand further into Europe. By investing and joining the board, I will bring our network and strategic SaaS expertise to the table.''

Pierre Hermant, CEO, finance& ''Trends in the data processing market confirm that solutions like Cikisi are becoming increasingly relevant. Thanks to its expertise, the scale-up has indeed been able to  develop quickly and attract a large clientele. Their arrival in Brussels represents a great opportunity for job creation and even for the influence of the Brussels-Capital Region on the international scene.''