Envoy raises CHF5 million in Series A round

Founded in 2015 and based in Schaffhausen, Envoy AG has developed a solution that uses the latest technologies including Artificial Intelligence to help organisations and individuals gain rapid insights about the currently untapped value or “Relationship Capital” within their extended networks. Envoy's technology platform unlocks the combined value in all the relationships across a company - the "Relationship Capital". These relationships include employee networks (personal and professional), as well as the networks of strategic partners and vendors. Using the latest technologies including Artificial Intelligence, Envoy evaluates this data and provides business insights for sales, marketing, recruitment, managing customers, and clients. At the same time individual employee users maintain the privacy and control of their contact data.

With approximately 50 private investors, Envoy has raised 5 million Swiss Francs. This funding is invested in the platform and in business development activities.

"50 investors is a great asset as we are able to use Envoy to combine the networks of our investors to develop sales leads.  In our last Prospect report, we identified 14,000 senior contacts that we can approach - this is our sales pipeline for the next years.  Our investors make the introductions and we enter the organisation at a senior level.  This is a game-change for any company that is crowdsourcing funding", said Ralph Schonenbach, CEO of Envoy.

During the past year, Envoy has acted upon valuable feedback from pilot users across banks, consulting firms, insurance companies, telecoms, pharmaceuticals and others to develop the solution to meet the needs of industry-leading companies and on January 12, 2018 Envoy will be officially launched to the global market with focus on Switzerland, Germany, United Kingdom, United States, Brasil, Singapore and India.

For more information about Envoy, please visit www.envoyworld.com or watch our video:

(SK/RAN)