Wonderflow raises €2M from P101 and ITALIA 500

Wonderflow, an Amsterdam, Netherlands-based software developer, announced that it completed a funding round of €2M ($2.4M).

The money was raised from Italian investors led by the manager of venture capital P101, through its second vehicle P102 and ITALIA 500 – a venture capital fund set up by Azimut Libera Impresa and managed by P101. Also contributing was the European organisation for innovation EIT Digital and angel investor Jan Bennink.

Wonderflow, founded in Italy in 2013 by Giovanni Gaglione, Michele Ruini and Riccardo Osti (CEO), developed a SAAS platform for B2B customer feedback analytics, used to collect feedback from review, customer service data, and then analyses text via Natural language processing (NLP). The company claims to have developed the most accurate linguistic analysis technology that is capable of simulating human interpretative ability and has been able to make it usable by any user without technical knowledge. In simple terms, the analysis technology determines what customers like or dislike about your products.

Wonderflow proveiously funding of €1.5M from Programma 102 in 2018.