Berlin, 20 November 2024: Zeotap, the enterprise Customer Data Platform, announced $25 million in new investment from existing and new investors, including SignalFire and Salica Investments. The funding, a combination of equity and debt raised this year, supports the company in its accelerated path to profitability. In addition, Zeotap has strengthened its leadership by recruiting Amir Rosentuler as Chairman of the Board and Elad Simon as Chief Operating Officer.
Over the past 18 months, Zeotap have consolidated their dominant position with enterprises in Europe, including two of Germany’s three largest grocery retailers, many of Europe’s largest telecoms companies, sports club FC Bayern Munich, and global sports betting firm Entain, among others. The new investment will fuel several key initiatives to reinforce the company’s market leadership:
- Advancing AI-powered capabilities: In collaboration with Google Cloud, we are enhancing our CDP’s functionality to empower business users with even more accessible, actionable customer insights.
- Strengthening market reach: Expanding our client and partner programs will allow us to deliver comprehensive solutions with improved training and support, deepening our market presence.
- Innovating to meet enterprise demands: Continued investment in product development will address the evolving needs of enterprises, focusing on advanced privacy tools and seamless data integration.
“We continue to be the go-to CDP for Europe’s most recognisable and innovative brands,” said Projjol Banerjea, founder and Chief Product Officer at Zeotap. “It’s both a huge privilege and an immense responsibility.”
“Zeotap are Europe’s leading CDP provider, with super impressive technology and customer base, and Salica are absolutely delighted to be partnering with them and look forward to supporting their exciting growth plans over the coming years,” said Stephen Fahy, Partner in the Growth Debt Fund at Salica Investments.
As the newly appointed Chair, Amir Rosentuler brings decades of expertise in operational and leadership roles, most recently serving as Chairman of MotorK, where he played a pivotal role in taking the company public in 2021. “Zeotap is at an inflection point in its trajectory and I’m excited to join the team to help the company achieve its full potential,” he said.
Elad Simon, as the new Chief Operating Officer, will lead Zeotap’s marketing and post-sales teams, as well as steer corporate development initiatives. He was previously co-founder and CEO of Craft.io, and prior to that held various leadership positions at Taboola, Google, and Barclays.
“This investment will further accelerate our mission of making customer data more accessible and actionable for enterprises. As we look to 2025 and beyond, the sky is the limit,” said Daniel Heer, CEO and founder of Zeotap.
