# Freespee

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freespee

- Industry: Software
- Headquarters: London, UK
- Website: www.freespee.com
- Total disclosed funding: $2.7M
- Latest round: Series B (Nov 7, 2016)
- Investors on record: 3

## About

Freespee AB is a technology company that specializes in customer engagement solutions, enabling businesses to enhance buyer interactions through data-driven insights and personalized communication strategies.Freespee AB, founded in 2009 in London, UK, provides a Customer Engagement Platform that enhances customer experience for high-consideration purchases. The company has completed six deals, with its most recent funding round in July 2018 where it raised EUR 9.5 million from Verdane Capital Advisors. Carl Holmquist and Tobias Lindgren are the founders, and Carl Holmquist serves as the CEO.Freespee AB's main product is its Customer Engagement Platform, which integrates rich data to help sellers understand buyer intent and personalize engagement during the decision-making process. The platform supports various communication methods, including email, SMS, and WhatsApp, and serves clients across multiple sectors including global automotive brands like Toyota and Škoda, as well as leading marketplaces such as eBay and Gumtree. The solutions are marketed in North America, Europe, and specific regions in Asia.In the most recent fiscal year of 2023, Freespee AB reported a revenue of EUR 1,493,095.30 and an EBITDA of EUR 55,162.30. The company primarily earns revenue through subscription-based partnerships with businesses that leverage its Customer Engagement Platform for improved customer interactions.Following its most recent deal on July 24, 2018, where Freespee AB secured EUR 9.5 million in venture financing, the company plans to utilize these funds to develop new products and expand its market reach. The specific markets targeted for growth include regions in Asia and Europe, intending to launch enhanced platform features by 2024. The funding will support further development of the Customer Engagement Platform, ensuring that Freespee remains competitive in the evolving landscape of customer engagement technologies.

## Funding rounds

- Series B, Nov 7, 2016 — Ventech, Inventure, Heartcore Capital
- Series A, Feb 8, 2011, $1.5M — Inventure
- Seed, Oct 15, 2009, $1.2M — Inventure

## Investors

- Inventure (https://capitalatlas.ai/funds/inventure) — Seed, Series A, Series B
- Ventech (https://capitalatlas.ai/funds/ventech) — Series B
- Heartcore Capital (https://capitalatlas.ai/funds/heartcore-capital) — Series B