# AREX European Market

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arex-european-market

- Industry: Financial Services
- Headquarters: Dublin, Ireland
- Website: www.arex.io
- Total disclosed funding: $10M
- Latest round: Series A (Jul 5, 2021)
- Investors on record: 3

## About

AREX European Market Limited provides innovative technological solutions aimed at enhancing operational efficiency for various sectors through advanced software applications.Founded in 2014, AREX European Market Limited is based in Dublin, Ireland, and specializes in optimizing business processes through technology. The company has completed 2 deals, with the most recent deal occurring on July 5, 2021. AREX raised EUR 8.8 million in a Series A funding round, co-led by investors Mosaic Ventures and LocalGlobe, alongside Lifeline Ventures. Perttu Jalkanen is the founder, and Airto Vienola, Hany Mohamed, and Xavier Renard serve as the company's CEOs.AREX European Market Limited specializes in innovative technological solutions designed to optimize operational efficiency across various sectors. Their core offerings include a suite of software applications that streamline business processes, enhance data analytics, and improve customer engagement. These products leverage advanced algorithms and machine learning capabilities to provide real-time insights, addressing challenges such as resource allocation and performance monitoring. The end users include mid to large-sized enterprises in industries such as finance, logistics, and retail, which seek to utilize data-driven decision-making to support growth and operational scalability. AREX's products are marketed across North America and Europe, targeting regions with high demand for digital transformation.In the most recent fiscal year of 2021, AREX European Market Limited reported revenue of EUR 1,181,658.10 and an EBITDA loss of EUR 514,621.20. The company primarily generates revenue through a subscription-based model, allowing clients to access software applications on a recurring basis. Multi-year agreements create predictable revenue streams through annual or monthly payments, while additional income is derived from services like customized software implementation and ongoing technical support.Following its Series A funding round on July 5, 2021, where EUR 8.8 million was raised, AREX European Market Limited plans to utilize this funding to expand its business operations into the UK and Spain. The company aims to develop and launch new products tailored for these markets, enhancing its service offerings and client engagement. This strategic expansion is expected to be pivotal for AREX as it seeks to strengthen its presence in key regions and cater to the growing demand for digital transformation solutions.

## Funding rounds

- Series A, Jul 5, 2021, $10M — Lifeline Ventures, Mosaic Ventures, LocalGlobe

## Investors

- Lifeline Ventures (https://capitalatlas.ai/funds/lifeline-ventures) — Series A
- Mosaic Ventures (https://capitalatlas.ai/funds/mosaic-ventures) — Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series A