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Movvo Closes A €5,5M Investment Round

Founded in 2009 by 3 researchers – Roberto Ugo, Suzy Vasconcelos and Diana Almeida – Movvo has just raised a Series A investment of € 5.5 Million. This investment round was co-led by Caixa Capital and Sonae IM, with co-investment from existing angel investor Dueto.

Movvo’s ground breaking technology uses multiple sensors to understand, predict, and influence shopper behaviour, with accuracy levels and productised insight surpassing that of all other providers. Movvo’s Movvement Intelligence platform enables new opportunities for businesses to monetise their physical space and provide a true omnichannel experience to their visitors for the first time. Spaces such as shopping malls, city centres and entertainment venues are all taking advantage of this new generation of technology, and Movvo sits at the forefront of an exciting new industry. Movvo was the first location service vendor to be awarded the TRUSTe’s Privacy Seal, certifying all data collected remains anonymous and cannot be compromised.

Now under the direction of Cyrus Gilbert-Rolfe and with this investment, the platform is ready to reach new markets:

“We have an exceptionally talented team in place, and the product is ready. The continuing support from Caixa Capital, Sonae IM, and Dueto is giving us the platform for a careful but rapid global expansion. We now have clients in Australia, China, the US, Panama, and all across Europe. With this Series A now secured, we will continue to grow both the product and the footprint, at pace” – Cyrus Gilbert-Rolfe, Movvo CEO.

The Porto-based company is ready to become a reference player in the location analytics space global market.