Blackwood Seven raises $20M from Jolt Capital, Vækstfonden, Sunstone Capital and Conor Venture Partners.
Blackwood Seven, a Copenhagen, Denmark-based provider of real-time AI powered media planning software, announced securing an investment round of €16.8M ($20M).
The money comes from existing investors, including Jolt Capital, Vækstfonden, Sunstone Capital and Conor Venture Partners and from Munich based growth investor Cipio Partners, which joins the round as new investor.
The funding aims to support expansion of the business across Europe, the US and Asia.
Blackwood Seven, founded in 2013 and led by Carl-Erik Kjærsgaard, has built Hamilton AI, a Marketing Mix Modelling (MMM) in-silico data scientist. Hamilton AI is a real-time AI powered software platform predicting future business sales and automating customer specific media planning and budget allocation across online and offline media channels. The company works with jarge advertisers such as Volkswagen, Telenor, eBay and Groupon, which use the platform to plan campaigns, increase sales and deliver a better return on investment from media spend.
Prior to this deal, Blackwood Seven raised more than $20M in venture money.