Funding

DinMo funding news – Paris-based DinMo Secures €5 Million in Additional Funding

Oct 2, 2024 | By Startup Rise EU

DinMo funding news - Paris-based DinMo Secures €5 Million in Additional Funding

DinMo, a European Data Activation company helping mid-market companies leverage their customer data without extensive technical resources, secures €5 million in additional funding to launch and grow its Composable Customer Data Platform (CDP) offering.

SUMMARY

  • DinMo, a European Data Activation company helping mid-market companies leverage their customer data without extensive technical resources, secures €5 million in additional funding.
  • Data duplication is not necessary thanks to DinMo, a top customer data activation platform that seamlessly connects with your current cloud data environment.

While maintaining its core data integration capabilities, this new investment will propel the company's transformation from a data activation tool to a fully functional, AI-powered composable CDP.

Diogo Cunha, Early Stage investor at 468 Capitals said, "The investment round was led by 468 Capital with the participation of Big Bets and existing investors like Seedcamp, Motier Ventures and Financière Saint James. A complete customer understanding is critical for all companies striving to excel in the digital era, Traditionally, this level of insight was only accessible to large enterprises with complex data engineering teams capable of fully harnessing customer data.”

Founder and CEO Oussama Ghanmi said, “We’re on a mission to create a new standard for the Customer Data Platform industry by leveraging companies’ existing cloud data warehouses and enhancing them with AI-powered predictive analytics,” “This funding will allow us to accelerate our product development, particularly in AI and machine learning, enabling mid-market companies to compete with enterprises in terms of customer data analytics and personalization.”

DinMo's platform now offers a three-phase approach to customer data management: coordinating omnichannel customer journeys, employing AI-powered predictive analytics, and facilitating data accessibility through seamless interaction with current data warehouses.

Read also - xtype funding news – Austria-based xtype Secures €19 Million in Series A Round Funding

The business has added AI-powered features like lifetime value estimation, churn prediction, and product recommendations to its list of features. These features mimic the work of machine learning and data science experts, giving mid-market businesses access to insights that would otherwise need costly in-house teams.

Since its founding, DinMo has grown significantly, from 3 to 18 team members. By the conclusion of H1 2025, the company wants to have 25 team members. A new office in London has been opened to assist this growth, and there are ambitions to expand further throughout Europe and into the US market.

About DinMo

Data duplication is not necessary thanks to DinMo, a top customer data activation platform that seamlessly connects with your current cloud data environment. They enable data teams to provide well-managed, secure self-service access to their cloud data for their marketing counterparts. Marketing teams can design, coordinate, and manage customer audiences, events, and attributes across all platforms—including CRM, advertising, and support systems—thanks to their autonomy.

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