# Nosto Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nosto-solutions

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.nosto.com/
- Total disclosed funding: $5.5M
- Latest round: Series A (Jul 15, 2014)
- Investors on record: 5

## About

Based in Finland, Nosto Solutions Ltd. operates an AI-driven Commerce Experience Platform that enhances e-commerce personalization, search, and merchandising to improve customer engagement and conversion rates.Nosto Solutions Ltd. is a technology company specializing in e-commerce solutions. Founded in 2011 in Helsinki, Finland, by Antti Pöyhönen and Juha Valvanne, it has completed a total of 9 deals. The latest funding round was EUR 7.00 mn, raised from Nordic Secondary Fund, bringing the total amount raised to EUR 7.00 mn.Nosto provides an AI-powered Commerce Experience Platform designed to enhance e-commerce personalization, search, and merchandising. Their offerings include predictive product recommendations using real-time behavioral data, personalized on-site search functionality, and automated category page merchandising based on various performance metrics. Their clientele encompasses brands like O'Neill, Volcom, and JENNY BIRD, primarily in the North American and European markets.In 2023, Nosto reported a revenue of EUR 30,942,175.40 with an EBITDA of EUR -2,215,403.40. The company operates on a subscription-based model, offering AI-driven tools that facilitate personalized merchandising, search, and recommendations for various business sizes.Nosto's strategy for future growth includes launching new products designed to enhance its AI capabilities and expanding into new markets across Europe and North America by the end of 2024. The recent funding of EUR 7.00 mn will be utilized to support these initiatives, improving their technology and scaling operations. Kreos Capital has acquired Nosto Solutions Ltd., with financial terms not disclosed.

## Funding rounds

- Series A, Jul 15, 2014, $5.5M — Wellington Partners, OpenOcean, Tekes Venture Capital, SanomaVentures
- Seed, Apr 16, 2013 — OpenOcean, Veturi Venture Accelerator, SanomaVentures

## Investors

- OpenOcean (https://capitalatlas.ai/funds/openocean) — Seed, Series A
- Veturi Venture Accelerator (https://capitalatlas.ai/funds/veturi-venture-accelerator) — Seed
- SanomaVentures (https://capitalatlas.ai/funds/sanomaventures) — Seed, Series A
- Wellington Partners (https://capitalatlas.ai/funds/wellington-partners) — Series A
- Tekes Venture Capital — Series A