Real Impact Analytics secures €12 million in first round of funding
Brussels, Belgium, 13th of June 2016 - Real Impact Analytics, the innovative telecom big data startup, is proud to announce the closing of a €12 million investment round. It is led by top class venture capital funds Fortino Capital and Endeit Capital, together with Gimv, through its Gimv Arkiv Tech Fund II. This Series A funding will allow Real Impact Analytics to further challenge the industry giants with its catalog of big data applications.
As one of the fastest growing European startups, the company has more than doubled in revenue and team size (now 120+) every year on average since its inception in 2009. The Belgian startup is already working with fi ve of the top ten global telecom operators and has five offices around the world.
This first round of external funding will enable Real Impact Analytics to continue its expansion and provide the resources to further challenge giants like SAS and IBM. The company changed the traditional big data approach by delivering simple and easy-to-use applications for telecom employees. In this context, the funds will support the continued development of the startup’s applications catalog. Additionally, the ability to attract the ideal consortium of value-adding venture capitalists is further proof of Real Impact Analytics’ potential.
As one of the largest and most successful funds in Europe, Gimv represents a key asset for Real Impact Analytics’ future growth stages. The fund invests in companies that anticipate evolving consumer needs with a strong vision of what and how, the connected consumer will buy. “Real Impact Analytics is an opportunity we simply could not afford to miss because of their disruptive big data applications and high growth ambitions” said Muriel Uytterhaegen, Principal at Gimv.
“We are tired of seeing analytics only benefiting a few privileged experts. We have achieved what no other company has — developing and truly embedding big data apps in the day-to-day work of major telecom operators. With the help of these investors one can only imagine what we will do to fulfill our mission,” said Sébastien Deletaille, Co-Founder and CEO of Real Impact Analytics.
“Big data applications is one of the fastest growing markets. To survive, telecom operators urgently need to drive their business based on data. The industry is beginning to realize the value will essentially be captured by industry specific, end-to-end applications. 2016 is the perfect time for Real Impact Analytics to enter the giant’s court,” said Loic Jacobs van Merlen, Co-Founder and CCO of Real Impact Analytics.