Real Impact Analytics secures €12 million in first round of funding
Real Impact Analytics, a telecoms big data company, is proud to announce the closing of a €12 million investment round. It is led by 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 catalogue of big data applications.
The company has more than doubled in revenue and employee numbers – now more than 120 – every year on average since its inception in 2009, the company says. The Belgian company claims to be working with five of the top ten global communications service providers 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 challenge giants like SAS and IBM. The company says it is changing the traditional big data approach by delivering simple and easy-to-use applications for telecoms employees. In this context, the funds will support the continued development of the startup’s applications catalogue. In addition, the ability to attract the ideal consortium of value-adding venture capitalists is further proof of Real Impact Analytics’ potential.
Duco Sickinghe, the founder and managing partner at Fortinosaid: “Real Impact Analytics is the company that will enable telecoms operators to successfully undergo their big data journey. It is now evident that operators which effectively use big data deliver superior profitability. The startup’s disruptive approach and powerful technology are delivering tremendous impact. It is a new quantum leap in improving customer acquisition and success as well as driving a superior return on network assets. As a telecom executive, I would love to have them as partners to build the analytic capability better and faster. The loyalty of their customer base is a testimony of their achievements.”
Hubert Deitmers, the co-founder and managing partner at Endeit Capital, added: “Big data is one of our focus areas and we selected Real Impact Analytics among other promising players due to its unique offering. Besides, we are very impressed by its highly talented team.”