Ghent-based trade information startup Bizzy has raised €800,000 in its second funding round in less than nine months. Indicating formidable traction and investor interest, the company, which launched just nine months prior has garnered €2.1 million to date.
Backed by ex-Netlog entrepreneurs Lorenz Bogaert, Toon Coppens, Nicolas Van Eenaeme, and Pieter Casneuf (founder of ADAM Software), Stéphane Ronse (founder FoodBag), and Jonas Deprez (founder Daltix), Bizzy maps business data and insights from over 9 million Belgian and British companies, further enriching official stats with insights from company websites, news outlets, and “other” sources, and then employs AI to scrub and present this mountain of unstructured data in a meaningful and useful way.
"Entrepreneurs, salespeople, marketeers, and business analysts, they have all moved beyond the confines of their own country. To do business, company data and insights are incredibly important. Only there are not many platforms that present and analyse data of companies from different countries in an orderly way,” explains Bizzy co-founder Hendrik Keeris. “There is a big race between platforms to fill that gap in the market. We want to get involved in that. What Zoominfo is in the US today, we want to become in Europe."
Most recently, the Belgians have stepped outside their home market and opened up the taps in the UK market. The goal is to test and refine their methods on British soil before expanding further afield in 2023.
According to the company, they have approximately 150,000 individuals accessing their offer.
On the investment, Pieter Casneuf commented, "We live in a world where we are used to having access to all possible data in an instant. Only, for business information, it is often still a time-consuming search that seems to be reserved for experts and people with a financial background. However, the reality is that every piece of company data is extremely important for business leaders, account managers or anyone who wants to negotiate strategic deals.
This is where Bizzy comes up with the solution. You can compare it to Google, but specifically focused on business data and insights. Its AI-driven and user-friendly platform has a lot of potential to become a fixture for anyone looking for information and insights about businesses, even abroad."