Sweden-based Occtoo, a SaaS-based Experience Data Platform (SaaS) that helps digital teams to build digital experiences and apps faster, announced that it has raised €4.6M in a fresh round of funding.
In total, the company has raised €6.7M to date.
The investment was led by Amsterdam-based Newion, with continued participation from Munich-based 42CAP and Stockholm-based Industrifonden.
Occtoo says it will use the funds to accelerate expansion, further grow its partner network and develop its product.
Founded in 2019 by Niclas Mollin, Jimmy Ekbäck, and Daniel Brdarski, the startup gives businesses the ability to link all of the data, content, and APIs from all systems in a low-code user interface.
According to the company, this helps the digital teams work independently with the data without having to spend the majority of their time and resources on data integration.
They can quickly mix context, content, and customer data with the data at their fingertips to provide their custom apps meaning and relevance, orchestrating all digital experiences from a single location.
Occtoo’s solution has become popular among upper mid-market and enterprise-sized retailers with a need to support their omnichannel sales strategies such as Cartier, Intersport, and Nordic Nest.
The company is remote-first with 45 team members in 13 countries.
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