# InnoQuant

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

- Industry: Marketing/Advertising
- Headquarters: Barcelona, Spain
- Website: mocaplatform.com
- Total disclosed funding: $2M
- Latest round: Seed (Oct 10, 2015)
- Investors on record: 1

## About

InnoQuant is a technology company focused on enhancing customer engagement through its geofencing platform, which provides location-based services for businesses and organizations, particularly in retail and tourism.Founded in 2009, InnoQuant is headquartered in Barcelona, Spain. The company specializes in geofencing and has pivoted towards providing mobile application solutions for customer engagement. Oleg Morajko, the founder and CEO, has a background in technology innovation. In October 2015, InnoQuant raised EUR 1.8 million in Seed funding from Inveready Asset Management, which comprised the total amount raised by the company through this funding round.InnoQuant offers a geofencing platform designed for mobile applications that enhances customer engagement via location-based services. Their products include Software Development Kits (SDKs), Application Programming Interfaces (APIs), and dashboards that facilitate real-time geofencing, beaconing, and analytics. This technology allows businesses to automate customer interactions, improve engagement, and make data-informed decisions. The platform is particularly advantageous for sectors such as retail and tourism, empowering companies to execute mobile-to-store campaigns and deliver tailored recommendations to users.InnoQuant reported revenue of EUR 667,759 for the year 2018, with an EBITDA of EUR 160,608. The company's revenue model is subscription-based, allowing clients to access their suite of geofencing and marketing automation tools. Businesses utilize InnoQuant's services to engage customers through targeted campaigns, with various subscription tiers offering different features such as audience building and engagement analytics. Furthermore, InnoQuant's products leverage AI and machine learning to enhance customer experiences, thus contributing to revenue growth.InnoQuant plans to utilize the EUR 1.8 million raised in its latest funding round to further develop its product offerings and expand into new markets, specifically targeting North America and Europe by 2025. The company is currently designing new features for its geofencing platform to enhance user engagement and retention. Through strategic partnerships and technological advancements, InnoQuant aims to strengthen its market position and broaden its client base.

## Funding rounds

- Seed, Oct 10, 2015, $2M — Inveready Asset Management

## Investors

- Inveready Asset Management (https://capitalatlas.ai/funds/inveready-asset-management) — Seed