- Offline analytics and marketing start-up receives seven-digit euro financing round led by Project A Ventures and Berlin Technologie Holding
Berlin, March 27th 2014. Minodes, a startup led by former Rocket Internet, McKinsey and OC&C executives, emerges from stealth with today’s announcement of its offline analytics, marketing and in-store optimisation platform that is available to retailers and location owners. The company also announced completion of an undisclosed 7-digit Series A round of financing led by Project A Ventures and Berlin Technologie Holding together with other investors.
Minodes offers a comprehensive SaaS platform that enables retailers to maximize the potential of their locations. “We want to help our clients to fully understand their customers, drive sales and take retail experiences to the next level. So we go beyond a ‘Google Analytics for Offline’ and offer a product which delivers answers that are always actionable and tailored to the client’s industry,” says founder Christian Eggert who was previously responsible for global venture development and mobile strategy at Rocket Internet where he launched multiple startups. Alexander Koeth (formerly OC&C) and CEO Tim Wegner (formerly McKinsey) complement the founding team. Both previously worked in senior positions consulting leading retail clients all over Europe.
The startup unites in-store analytics, marketing campaigns and direct marketing services and aims to be the single partner for the retail’s future. The platform consists of complementary services that build on each other. Through the base layer, which is labeled ‘Answers’, retailers are able to measure customer in-store behavior to get actionable data and recommendations. With help of ‘Campaigns’ they can understand the impact and efficiency of marketing campaigns while the ‘Interactions’ module enables them to create mobile proximity marketing experiences with iBeacon technology. To enable Minodes’ services, the startup uses its hardware to gather anonymized WiFi data amongst other data sources.
The solution is already in use at the leading retailers in Germany across different segments, including consumer electronics, beauty products, home accessories, fashion, DIY, as well as shopping malls and automotive. “Minodes’ mission to combine the best from both traditional retail and the data-driven online world showed great success and value to existing customers,” says Joern-Carlos Kuntze, Managing Partner at BTH. „We are excited to be on this journey together with an outstanding team and to support with investment and operational know how,” adds Mark Hartmann, Venture Partner at Project A Ventures.
Minodes is a venture-backed technology startup based in Berlin. Our product fundamentally transforms the way of customer interaction in brick-and-mortar stores. We provide retailers with innovative SaaS solutions aiming to enhance every aspect of their customers’ in-store experience and drive sales. To learn more about Minodes, visit minodes.com.
About Project A Ventures
Project A Ventures is a company builder focusing on transactional and innovative business models in the Internet space as well as on Adtech. With a 80 million Euros fund and the sound operational know-how of our 100 experts, we help start-ups to build up competences in key areas such as IT, Performance Marketing, Business Intelligence and Organization Building, and thus contribute to their sustainable success. Our experts, based in Berlin and Sao Paulo, are among the best in their field and have been involved in building more than 50 market leading companies worldwide within the last 15 years.More about Project A Ventures: More about Project A Ventures: http://www.project-a.com/
Press images: www.project-a.com/downloads/
About Berlin Technologie Holding
Berlin Technologie Holding (BTH) is a VC focused on growth capital and special opportunity situations in technology and technology-enabled businesses with Headquarters in Berlin.
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