Faveeo raises $350k in seed funding
Faveeo SA, a Geneva-based startup offering a B2B-oriented «Web and Social Media Discovery Dashboard» raised $350k of seed investment, to speed up their customer acquisition efforts and to move closer to the planned Series A round. The seed round has been completed with private business angels from the legal and the finance industry in Toronto and New York City.
«We have already been able to sell our product to several high level customers by self-financing and bootstrapping our platform, this seed investment will definitely help us industrialize our sales process and help us generate a steady stream of revenue in the coming months», says Alexis Dufresne, Faveeo's CEO.
Faveeo's Discovery Dashboard offers a fresh alternative for companies and organizations that rely on having up-to-date, mission-critical relevant information from online sources.
Simplyfing the process of creating advanced online research by providing valuable and insightful context that « guides » the user through selecting the right keywords and the right sources, Faveeo can save companies up to 80% of the time they spend searching for information on traditional text-based search engines.
«This is a new way to think about internet research, we want to take the search out of research, as companies and organizations spend way too much time to search, looking for and filtering information. Our tool acts as your own team of research assistants and really enables our users to spend more time using, analyzing and sharing the information, and not simply looking for it», says Alexis Dufresne.
Faveeo will be present at the Dublin Web Summit on October 30th and 31st, and has proudly been selected to exhibit in the ALPHA Startups Event.
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