Cint Secures New Funding With Prime Technology Ventures
By Cint Uk, PRNEWednesday, September 15, 2010
Pan European VC Leads USD 13 Million Funding Round
STOCKHOLM, September 16, 2010 - Cint, the company behind the leading SaaS-based global marketplace for
market research sample: Cint Panel Exchange (CPX), announced today that Prime
Technology Ventures, a Pan-European venture capital firm, leads a USD 13m
round of new funding in Cint, along with participation from existing owners
such as Nordic venture capital firm Creandum.
Cint is headquartered in Stockholm, Sweden and provides market
researchers with fully automated access to panels of 4 million profiled
individuals across 40 countries. With a strong commitment to quality, Cint
can continuously deliver unparalleled response rates averaging above 30%
across its panel network. Cint's global expansion started in 2008 with
offices in US, Canada, Spain, Denmark and Russia. During 2009 and 2010
additional offices were opened in UK, Germany and the Netherlands. Following
the recent launch of Cint Direct (a simple and automated API providing an
efficient way of accessing Cint's world-wide panel base for any market
researcher), Cint is well positioned to deliver on its promise: bringing
market insight to everyone. Funds will be used to expand the business in both
existing and new markets, as well as further building out the product
portfolio and strengthening the team.
Commenting on the deal, Bo Mattsson, founder and CEO of Cint says:
"The investment by Prime is a signal of strength for us as a company, for
our market position and maybe most importantly for our long-term vision of
bringing market research to everyone. This expansion capital will enable us
to further accelerate our growth. Prime is a tier one VC and we are very
happy to have them onboard, joining our previous VC backers Creandum."
Alexander Ribbink, lead Partner at Prime Technology Ventures, who will
join the board of Cint, commented:
"Cint is a hugely interesting growth case that combines a vast market
opportunity with a scalable technology based model, strong current momentum
and a great team both in Europe and in the US. We look forward to working
with them and to assist in building a global success."
EOC Partners LLP acted as the investment banking advisor to Cint. The
deal closed on September 14.
About Cint
Cint is a global technology company hosting the market research
industry's first online marketplace: Cint Panel Exchange (CPX), which brings
millions of research respondents to one place. The SaaS-based platform offers
true sample transparency, providing research buyers the opportunity to fully
control their sample selection, source and project management. All Cint
products comply with market research industry guidelines and have built-in
functionality that ensures high quality standards across all accessible
panels in the platform.
About Prime Technology Ventures
Prime Technology Ventures is a leading venture capital firm focusing on
investing in European companies in the technology and related industries and
leverages its capital, experience and network to actively guide them into
global category leaders. The firm has invested in companies in the Benelux
countries, United Kingdom, France, Finland and Sweden. From its offices in
The Netherlands and the UK the independent partnership manages over 275
million euro in committed capital.
For more information visit: www.ptv.com
Cint Offices: Sweden (HQ), US, Canada, UK, Russia, Germany, Spain, The Netherlands and Denmark Cint Panel Exchange Access to over 4 million panelists in more than 40 countries Products: Cint Sample Access Cint Automated Tracker Cint Panel Manager Integrated products (APIs): Cint Direct Sample Cint Direct Revenue (Oct -10) For enquiries concerning this press release please contact: Linn Lindstrom Marketing & Communications Manager Cint AB Sveavagen 20 111 57 STOCKHOLM SWEDEN Direct +46-8-546-383-36 General +46-8-546-383-00 Fax +46-8-546-383-99 linn.lindstrom@cint.com Visit us at: www.cint.com
For enquiries concerning this press release please contact: LinnLindstrom, Marketing & Communications Manager, Cint AB, Sveavagen 20, 111 57 STOCKHOLM, SWEDEN, Direct +46-8-546-383-36, General +46-8-546-383-00, Fax +46-8-546-383-99, linn.lindstrom at cint.com
Tags: Cint Uk, September 16, Stockholm, sweden