Estonian data platform Supersimple raises over €2M
Tallinn-based B2B SaaS data platform Supersimple has raised over €2M in pre-seed funding. The investment round was led by Estonian Tera Ventures with participation from Estonian Specialist VC, US-based Tiny VC, ex-CTO of Twilio Ott Kaukver, co-founder of Grunfin Alvar Lumberg, co-founder of United Angels VC Indrek Kasela and co-founder of Sixfold Märt Kelder.
Founded in 2022 by Priit Haamer (co-founder of Estonian logistics platform Sixfold) and Marko Klopets, Supersimple allows users to navigate complex and exclusive datasets without a code. The platform is designed for teams at B2B SaaS companies to answer data questions themselves by connecting their existing databases or data warehouses. For example, the platform can help companies better understand customer behavior or revenue growth. The user can get AI-generated insights by asking questions in plain English, and then he share reports with the team.
Supersimple also aims to bring together much of an organization’s unstructured data, found in emails, calendars, knowledge bases, Slack messages, and code bases, so that certain people in the organization can get the right context at the right time.
Most of Supersimple’s machine learning engineering team previously worked at Sixfold, which merged with Transporeon in 2020 and was sold for $2Bln in 2022.
Supersimple will use the investment to increase the amount of customers and strengthen data-searching algorithms.
Specialist VC is a venture capital fund supporting companies from the Baltic region, Finland, and Ukraine. It usually starts funding with €250K. The fund started its work in Tallinn in 2017. At the beginning of 2022, Specialist VC launched a new €50M, supported by the Estonian LHV pension funds and the European Investment Fund through the European Guarantee Fund and the Baltic Innovation Fund 2.
Tera Ventures is an international investment firm based in Estonia. The founding partners are Andrus Oks and Stanislav Ivanov. Tera Ventures invests out of €45M second fund in startups from the Baltics, Denmark, Sweden, Finland, Poland, and the Czech Republic.
