Florin Cașotă
The series is one of the largest syndicated investments made by a group of angels in Romania (they participated with 500,000 euros), and was assisted by the law firm Eversheds Sutherland (through Alexandra Șulea and her team).
Tokinomo is a customer engagement platform (increasing sales in stores and hypermarkets through customer interaction), which consists of a series of robots placed on the shelves and a web platform that allows their management and the generation of reports and analyses in real-time. The results of the Tokinomo's technology are spectacular, the company generating an average of 200% sales growth, according to data obtained from brands and retailers.
"Tokinomo builds a robotic customer engagement platform that collects data directly from the shelf and, at the same time, generates immediate sales results. The benefits are both immediate and long-term," said Dan Calugareanu, EGV Partner. "The technology delivers results, the business model is scalable, the team is dedicated and enthusiastic. We have every reason to believe that Tokinomo will cover all continents in just one year."
"I was pleasantly surprised by the interest our company has enjoyed among investors," said Ionut Vlad, founder, and CEO of Tokinomo. "Finally, we raised more money from the market than we intended, but the quality of those willing to invest in Tokinomo made us say "yes" wholeheartedly. Now we look to the future: we want to accelerate growth, enter as many markets, and develop the technology so that we become the number one customer engagement infrastructure in the global market."
Early Game Ventures (EGV) is a venture capital firm funded mostly through the Competitiveness Operational Program 2014-2020, co-funded by the European Regional Development Fund.
The European Investment Fund (EIF) is part of the European Investment Bank Group and is the leading risk financier for Europe's SMEs through venture capital, collateral, and microfinance instruments. In Romania, the EIF implements financial instruments co-financed through structural and investment funds, such as JEREMIE 2007-2013, SME Initiative, ROP, JOP, NRDP.
The Competitiveness Operational Program 2014-2020 (POC) makes investments to address the needs and challenges raised by the low levels of economic competitiveness, in particular with regards to (a) insufficient support for research, development and innovation and (b) underdeveloped infrastructure for Information and Communication Technology. POC benefits from a € 1.33 billion allocation from the European Regional Development Fund
