Enbrite.ly, the winner of Slush 2014 pitch competition, has announced it has closed it's investment round. The company was awarded at one of the largest startup investor events in the world a record breaking investment award worth 500,000 €, with the final closing growing to 750,000 €!
"Award doubled to 500.000€ in just 48h"
The Slush pitch winner's award was doubled from the original 250,000€ to 500.000€ in just 48h prior to the conference held in November 18-19th lead by FiBAN's business angel chairman emeritus Mr. Riku Asikainen. Enbrite.ly, a fresh Startup Sauna accelerator's graduate, won the competition from over 1300 applicants competing against the top 100 at the conference.
The syndicate includes persons in additional to Riku Asikainen also super angels Khausal Choksi (US, India), David S. Rose, New York Angels (US), Paulo Andrez, EBAN President emeritius (POR), Ari Korhonen, EBAN Vice-President (FIN), Albert Colomer, Banc (ES) altogether over 40 business angels from around the world.The final round was closed in cooperation with Evli bank with an additional venture capital investors Speed Invest increasing the final round to €750.000.
The company develops robust solutions to verify that the customer’s online ad spending reaches actual humans. Their SAAS platform helps businesses to take appropriate action against wasteful spending by identifying bad quality sources or fraudulent actors cannibalizing their marketing budget, improving ROI across the board and restoring trust in their online customer acquisition efforts.
Read the anouncement here
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