Verto Analytics secures $16m in funding

The round formally closed in December 2019, and is the company’s third significant round of investment.

Funding came from some of the company’s earlier venture capital investors, including Conor Venture Partners, Open Ocean Capital, and Finnish Industry Investment, and its existing management team and founders.

Verto Analytics will use the backing to expand its platform in the US and Europe and aid commercial launches of new syndicated and custom tools.

Pat Brennan, president of US operations at Verto Analytics, said: “This new round gives us added momentum to strengthen our commercial operations and continue our R&D. We’ll leverage key customer feedback to add new features to our market research solutions.”

The company is headquartered in Helsinki, with offices in the US.