Nosto Solutions Ltd closes investment round led by Open Ocean Capital

Nosto Solutions Ltd has closed its investment round with Open Ocean Capital, SanomaVentures and a number of angel investors raising a total of €2.2 million ($2.8 million) including debt funding and grants.

Leading the investment round Open Ocean Capital joins existing investors Veturi Venture Accelerator, SanomaVentures, Petteri Erkintalo the founder of Klikki, and various other angel investors.

Helsinki-based Nosto is an e-commerce startup bringing solutions for online marketing automation for the global e-commerce industry. The company’s platform-independent SaaS solution enhances customers’ online shopping experience by enabling personalized product recommendations in real time. Its plug and play solution makes the technology easily accessible to online stores of all size, automating marketing activities and increasing conversion, customer retention and store revenues as a result. Nosto’s first customers include leading leading brands like Angry Birds, and Sanoma’s Huuto.