Pre-seed funding closed

Pre-seed funding closed

31. August - 2018

Innovative contact management platform Stinto, has closed its first round of  pre-seed funding round, securing Dkk 4.2 million to bring the solution to market

Danish tech start-up Stinto, that offers app-based contact management solution, primarily to large B2B sales organisations, have secured a seed investment of Dkk 4.2 million, from a 8 danish business angels. 

The business angels, which include Tom Behrens Sørensen and Jan Bech Andersen, are all high-profile danish business people, who collectively saw the potential for Stinto to fundamentally change the way that large companies manage their external customer and supplier contacts. 

Stinto offers a simple and scalable contact management solution, based on a digital contact card that is integrated with the companies CRM system, removing the need for traditional paper-based business cards, and replacing static data with live connections in the process. Stinto alleviates the pains experienced by commercial organisations in managing customer account and contact master data, as well as handling GDPR compliance, and enabling additional smart functionalities including a business card scanner, and the ability to gather consent to send direct marketing. 

The company, run by ex-Tradeshift management team member Stuart Wynn is extremely optimistic about the commercial journey, and states “To be honest, the interest in our solution has been overwhelming. It is clear that virtually every large B2B sales organisation spends countless hours battling against decaying contact data, and related challenges including GDPR compliance and the ability to gather consents to send direct marketing. Without being able to put an exact figure on it, all these companies know that poor customer contact data is decreasing their effectiveness, and resulting in lost commercial opportunities.Business is social, and we to help businesses and their commercial teams build better relationships with their customers and suppliers. Stinto is the vehicle to do that”

The funding will be used to bring the solution up to an “enterprise-grade” standard, and to fund additional sales and marketing activities, primarily in the Nordics. The enterprise grade version of the solution is expected to released in November this year, initially only for IOS. Android will follow sometime in Q1 2019. 

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