November 29th, 2019
REDWOOD VENTURES LEADS ATLANTIA SEARCH'S BRIDGE ROUND, A COMPANY THAT IS REVOLUTIONIZING MARKET RESEARCH
Redwood Ventures led the lastest bridge round of Atlantia Search, co-investing with other renowned funds such as GC Capital and Wayra, which had participated in previous rounds. The company plans to use these resources to boost its expansion to new countries and strengthen its product offering based on Machine Learning, Visual Recognition, and automation technologies.
For Mayte Velázquez, Andrea Ferrari, Daria Nikitina and Juan José Mora; the market research industry is full of inefficiencies and bad experiences that have gradually led it to become obsolete. That is why after years of experience in large corporations, dealing with traditional companies, they created Atlantia Search, a marketplace from which their customers can access all the available information required by their business, democratizing access to information and allowing any company get results up to 3 times faster and at a fraction of the cost thanks to the automation technology, artificial intelligence and modularity they have developed.
Since its conception in 2013, Atlantia Search has managed to get multinational companies such as Walmart, Cinépolis, Sanfer, KPMG among others as clients; to have a presence in Mexico, Latin America and Europe; to employ more than 50 people and to achieve year-on-year growth of more than 100%.
“Of course that the bet in Atlantia Search is in an attractive and scalable business model; to a robust and disruptive technological base. However, it is mostly a bet that is made in the entrepreneurial team. We are confident that together we will continue to revolutionize an industry of more than $ 75 billion globally, where data analytics and artificial intelligence are growing more than double that of the traditional industry.” mentioned Ian Paul Otero, Managing Partner of the fund.
Redwood Ventures adds Atlantia Search to its portfolio integrated by nine companies, including Ares Materials, Billpocket, Travel Guru, Yotepresto, Troquer, Crabi, Sojourn, Parco and now Atlantia Search. With this investment, the fund reaffirms its leadership in the ecosystem by making investments in companies with a solid technological base and great scalability.