Cambri raises €8m in funding

The latest funding round saw Octopus Ventures and S4S Ventures join existing investors The 98, OpenOcean and Spintop Ventures.

The new funds will be used to scale Cambri’s operations within the market research industry.

The latest funding round folows €3.6m in a Series A funding round in 2021 led by OpenOcean and Spintop Ventures.

Cambri was founded in 2018 in the Nordics and focuses on using AI within consumer insights.

Ben Harknett, chief executive at Cambri, said: “We’ve experienced rapid international growth and attracted many of the world’s leading consumer brands as customers.

“The new funding from these two experienced investors underscores the dramatic value our proprietary AI models drive for our customers, and will significantly support our expansion.”