We advised Industry Investment (Tesi) in their investment in ecommerce personalisation company Nosto Solutions Oy. The funding round totalled USD 7.4 million and was also participated in by Open Ocean and Idinvest.
Nosto provides ecommerce personalisation and artificial intelligence (AI) tools for retail. Nosto’s innovative solutions have fuelled a three-year growth rate of 260 percent in North America driven by deep relationships with 2,500 of the world’s fastest growing retail brands. The company’s momentum is driven by its patented technology, predictive AI-algorithms and successful expansion across Europe and North America. To date, Nosto has raised more than USD 25 million from investors to further expand its leadership in artificial intelligence and deep learning for retail.
