June 8, 2015,
Boston, MA - Budapest, Hungary
Maven7, a leading player in network science-based
business analytics, has raised over $1.5 million in 'Series A' funding led by venture
capital management firm, Perion. The
funding is earmarked for market expansion and the further development of Maven7’s
business analytical tools.
"With this
investment round, the international sales of our already successful solutions receives
yet another boost. After a successful US and Latin American market entry, we
are working on acquiring further customers, entering new markets, and
introducing new products." said Peter Ruppert, CEO and co-founder of Maven7.
"We are proud to have Perion on board, and are excited to move forward
with the resources to help make our vision a reality. Our focus is to put more
and more powerful tools into the hands of our customers, with which they can
quickly and profoundly understand how the complex networks most important to
them operate, and thus gain concrete financial benefits." added András
Vicsek, co-founder and head of research.
Perion led this
round of funding because it believes in Maven7's dynamic growth, and that the
startup has a continued potential to become a multi-million dollar company.
"We invested in Maven7 for its strength in leveraging and expanding the
latest findings in network science, its proven ability to provide immediate
business benefits. I am intrigued by what I have seen so far; Maven7 is in a
very exciting space, bridging the ideas of enterprise intelligence, big data
and social analytics, and can't wait to see how far it will go." explained
Gábor Vitán, CEO of Perion.
Maven7 empowers
strategic leaders to make better-informed decisions by introducing network
science into the business planning process. Via its two distinct product suites,
OrgMapper and Diktio Labs, Maven7 provides
organizational network analysis to HR practitioners, online community and
influencer mapping solutions to marketing professionals, and big data
analytics.
Among its
co-founders are some of the biggest names in network science, including award
winning scientists, Albert-László
Barabási and Tamás Vicsek, through
whom the Budapest and Boston-based startup also has very close working
relations with the prime academic think tanks of the discipline.
Maven7 opened
its first overseas office in Boston last year, and already has a prominent
presence on the European, Latin American and US markets.
Maven7 raised
more than $750,000 from Primus
Capital in seed in 2014, putting the current total investment at over
$2.3M.
About Perion
Perion is a
member of Hungarian Venturio Group, with funds supported by the European
investment fund initiative, JEREMIE. Perion aims to invest $16 million in
promising Hungarian ventures during its investment phase ending in 2015. With the
IT sector being one of its main focus areas, Maven7 is the 4th investment on the
venture capital management company's portfolio.
About Maven7
Maven7 supports
business decisions by transforming large amounts of hard-to-interpret data into
actionable business intelligence. Based on the methodologies of network
analysis and data mining, Maven7 has developed its own proprietary network
mapping tools, including OrgMapper and Diktio Labs, to conduct analyses in
organizational development, social media, the pharmaceutical/medical industries
and many other fields.
About Diktio Labs
Diktio Labs
takes marketing to a whole new level of targeting and efficiency by enabling
organizations to know exactly who will prove receptive, influential and
responsive to their messaging prior to a campaign launch. Diktio Labs works
directly with end-user clients and also partners with a number of marketing
advisors, consultancies and agencies to deliver its technology into a fully
integrated campaign.
About OrgMapper
OrgMapper is an
easy-to-use cloud-based software application developed to gather, measure and
visualize organizational interrelations. Via organizational network analysis
(ONA), it maps the human side of organizational processes; it reveals hidden
informal employee networks, exposes critical connections, departmental and
hierarchical links, uncovers the barriers to information flow, and identifies
key individuals who connect departments and products, or are influential to
their colleagues.
About Primus Capital
The Primus-managed
Venture Capital Fund was launched in 2010 with $28M of core capital. It currently
has 14 companies on its portfolio, all of which are built on innovative
technologies and sell to international markets. Through the Primus-provided funding
and expertise, Maven7 achieved a significant increase in value recently.
Media contacts:
It is our pleasure to announce the appointment of Hiske den Boer as Director of our OrgMapper business line. Hiske is joining
us to oversee service delivery, as well as business- and product
development related to organizational network analysis. 