Prime Technology Ventures, a pan-European venture capital firm, has led a USD13m round of new funding in Cint, the company behind the SaaS-based marketplace for market research sample Cint Panel Exchange.
Existing owners such as Nordic venture capital firm Creandum also participated in the funding.
Cint is headquartered in Stockholm and provides market researchers with fully automated access to panels of four million profiled individuals across 40 countries. In 2008 Cint opened offices in US, Canada, Spain, Denmark and Russia. During 2009 and 2010 additional offices were opened in UK, Germany and the Netherlands.
Funds will be used to expand the business in both existing and new markets, as well as further building out the product portfolio and strengthening the team.
Bo Mattsson, founder and chief executive of Cint, says: "The investment by Prime is a signal of strength for us as a company, for our market position and maybe most importantly for our long-term vision of bringing market research to everyone. This expansion capital will enable us to further accelerate our growth. Prime is a tier one VC and we are very happy to have them onboard, joining our previous VC backers Creandum."
Alexander Ribbink (pictured), lead partner at Prime Technology Ventures, who will join the board of Cint, adds: "Cint is a hugely interesting growth case that combines a vast market opportunity with a scalable technology based model, strong current momentum and a great team both in Europe and in the US. We look forward to working with them and to assist in building a global success."
EOC Partners acted as the investment banking advisor to Cint.
