Leadfeeder announced a $3.5M capital investment round from Endeit Capital, Superhero Capital and Vendep Capital

Finland Investments 09 April 2019
Share on FacebookShare on Twitter

Leadfeeder, a Helsinki, Finland-based company building an AI-powered B2B lead automation tool, announced that it completed a €3.1M ($3.5M) investment round in series A funding.

The round was led by Dutch venture capital company Endeit Capital, and included existing investors Superhero Capital and Vendep Capital. The money will be used to further develop the company's product, hire more people and to create the further premises for international expansion.

Leadfeeder, founded as Liidio Oy in 2012 by CEO Pekka Koskinen, Herkko Kiljunen and Vicent Llongo, built an analytics software tool that helps with augmenting sales of its customers. The company uses Google Analytics data to reveal the names and behaviour of companies visiting a website and synchs it to an existing CRM and email marketing tools.

Leadfeeder has 55 employees and is not profitable, as it lost EUR 900k at a EUR 2.2M ($2.5M) turnover in 2018.

Prior to this round, Leadfeeder raised about $1.5M in two tranches, one in 2017 and the other in 2016.