To fuel its growth over the next two years, Cikisi raised €2.7 million this summer. Three new investors are joining Cikisi’s missions: Angelwise, a Belgian ICT & SaaS early-stage investment fund, finance&invest.brussels, Brussels’ regional investment company, and a new renowned Business Angel with a relevant SaaS track record. Next to these three new investors, the founders, the historical Business Angels and investment funds, Investsud and Sambrinvest, also participated in this round.
Cikisi has developed a SaaS solution that optimizes the entire workflow of a Market Intelligence department: from data collection to the distribution of processed information, via data enrichment and analysis. The tool features powerful search and indexing capabilities, semantic text analysis and a constantly updated data repository of over a billion documents.
With a Seed round in June 2021, Cikisi fine-tuned their B2B SaaS Market Intelligence solution to perfectly suit the needs of large international industrial and service companies. They succeeded in establishing good traction and an advantageous competitive position by seamlessly integrating cutting-edge technologies with an intuitive, easy to use, user interface.
Cikisi plans to be EBITDA positive by the end of 2024 and to raise Series A funding in 2025.
“Our main objective over the next two years is to accelerate our growth, exploiting new sales channels and new geographical territories. We will continue to target European markets outside of Belgium, where we already generate 70% of our sales, and where we will develop a local commercial presence.”
Valery Mainjot - CEO and co-founder of Cikisi
"To better coordinate our teams, Cikisi will also open an office in Brussels before the end of the year. Armed with these new financial resources, we have everything in place to go from a market challenger to a market leader."
Franck Di Liberto - Sales Manager & co-founder Cikisi
"Angelwise is ready to help Cikisi in its mission to become the leading market intelligence tool. We were impressed by the customer list, demonstrating Cikisi's ability to convince major industrial, IT and service companies to use the tool. This proven track record, the impressive product and operational excellence in execution convinced us that Cikisi is ready to expand rapidly in Europe. By investing and joining the Board, I'll be bringing our network and strategic SaaS expertise to the table"
Marc Mommaerts - Angelwise Senior Partner
“Trends in the data processing market confirm that solutions like Cikisi are becoming increasingly relevant. Thanks to its expertise, the scale-up has indeed been able to develop quickly and attract a large clientele. Their arrival in Brussels represents a great opportunity for job creation and even for the influence of the Brussels-Capital Region on the international scene.”
Pierre Hermant - CEO of finance&invest.brussels
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