Trensition raises a € 1.8 million round to scale their AI-driven strategic intelligence platform where Ageas and Capricorn Partners co-invest
Ageas and the Capricorn Digital Growth Fund invest together € 1.8 million to scale Trensition’s Trendtracker platform towards a worldwide SaaS offering and expand the team.
Trensition is a B2B AI-driven strategic intelligence company, that has built a platform fueled by big data and in-house AI models to provide tailored trend insights to corporate clients, government organisations and consultants. Since launching in 2019, Trensition has kept growing its platform and international customer base and providing AI-driven trend insights.
Mike Vanderroost, Vincent Defour & Mathias Colpaert (Trensition founders) comment: “With our AI-driven strategic intelligence platform, branded as Trendtracker, we respond to a growing demand and need from large international corporations to automate and support their strategic planning and/or innovation management efforts. Our solution continuously analyzes the evolution of all kinds of trends in various contexts, in a fully automated way, and provides hereupon tailored market, business and strategic insights that help C-level executives to make better informed decisions.”
Hans De Cuyper, CEO Ageas: “Ageas already relied on Trensition for contributing to a yearly Group-wide trend scanning exercise, called Horizon Scan, mapping trends that will likely impact the insurance sector and allowing Ageas to act upon and prepare for the future. Trensition has been a reliable, long-term partner of Ageas, which in combination with the rising attention for strategic intelligence, makes Trensition a very attractive investment opportunity. We are looking forward to bringing our partnership to a next level.”
Why fundraising?
Trensition is on a mission to bring cutting-edge AI-driven strategic insights into the boardroom of companies. Today, we are ahead of the international competition with our technology. The capital injection will help us further extend our lead while scaling our product internationally. With several large international organisations using the platform, it has proven to answer a clear market need and that the timing for scaling is right. The new capital injection will accelerate our international growth and enable continuous innovation in our platform’s AI capabilities.
It will allow us to expand the team that can bring Trensition to the next level. This is needed to support more and more organisations to become future-proof. That is why we need to expand the team. In addition to full-stack developers, we are also looking for people who can commercially market the platform, such as marketers and business developers. To support our international customers we are also looking for project managers and strategic consultants who help our clients with understanding the evolution of trends, future research and strategic planning based on the data insights from Trendtracker.
Marc Lambrechts, Investment Director Capricorn Partners: “Trensition fits perfectly in the ‘from data to actionable insights’ investment thesis of the Capricorn Digital Growth Fund. We appreciate the explainability of the AI-solutions implemented and the broad sector-agnostic potential of the TrendTracker platform, including trends in sustainability. The insights provided are ideal to benchmark with ideas within the organisation of the customer and can avoid internal biases.”
Ageas is a listed international insurance Group with a heritage spanning almost 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 45,000 people and reported annual inflows of over EUR 36billion in 2019(all figures at 100%).
www.ageas.com
Capricorn Partners is an independent European manager of venture capital and equity funds, investing in innovative European companies with technology as competitive advantage. The investment team of Capricorn Partners is composed of experienced investment managers with deep technology expertise and a broad industrial experience. Capricorn Partners is managing the venture capital funds Capricorn Digital Growth Fund, Capricorn Sustainable Chemistry Fund, Capricorn ICT Arkiv, Capricorn Health‐tech
Fund, Capricorn Cleantech Fund and Capricorn Fusion China Fund. In addition, it is the management company of Quest for Growth, quoted on Euronext Brussels, and the investment manager of Quest Cleantech Fund and Quest+, sub‐funds of Quest Management SICAV, registered in Luxembourg.
www.capricorn.be