Sparrow Analytics seed investment paves way for expansion

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22.03.2024
Picture L-R: Maxim Interbrick (COO), Elshad Hajiyev (CEO)
In a key milestone, Sparrow Analytics has completed €2 million seed financing round. Investors are Ground Capital, a Lisbon-based venture capital fund, and Ascending Productions, a Dubai-based fund. The funding paves the way for expansion of the environmental analytics startup in Switzerland and beyond.

Founded in 2021 by Elshad Hajiyev (CEO) and Maxim Interbrick (COO), Sparrow Analytics has developed mobile sensors to be attached to everyday vehicles that scan and measure various urban parameters in real time. In order to strengthen its operations and maximize the impact of its current financing round attracting Ground Capital and Ascending Productions as investors, Sparrow Analytics has defined a comprehensive plan covering the various facets of its business.

With a keen focus on technological innovation, Sparrow Analytics intends to bolster its technical team based in Switzerland by recruiting engineers with specialized profiles. Moreover, the company aims to roll out the next two iterations of Sparrow Node, a pivotal component of its ecosystem. These updates are geared towards enhancing performance, reducing costs, and expanding the array of measurable parameters, thereby solidifying Sparrow Analytics' position as a frontrunner in the industry. “Additionally, efforts are underway to finalize the patent pending process, safeguarding the proprietary Swiss technology, algorithms, and methodologies honed over the past 3.5 years” says COO Maxim Interbrick.

Building on the strides made since the last angel round in October 2022, Sparrow Analytics is poised to extend its footprint within the realm of global fleets. Plans are underway to penetrate the Swiss market, with imminent updates expected. Furthermore, collaborations with major entities such as a prominent French conglomerate and FedEx fleets underscore Sparrow Analytics' ambition to cater to diverse markets, including the United States. Exciting partnerships with the Universal Postal Union and discussions with key players like the Austrian Post further accentuate the company's global reach and influence.

Recognizing the pivotal role of sales in driving growth, Sparrow Analytics is slated to expand its sales team both locally in Switzerland and beyond. The objective is to leverage this augmented workforce to market flagship products such as the Address-based Air Quality Index and personalized AQ reports, thereby tapping into both local and global markets.

Charting the way for expansion

As Sparrow charts its course for expansion, Switzerland emerges as the primary focus for the initial phase. The company aims to comprehensively engage with and showcase its diverse portfolio of products in the Swiss market. The inaugural step involves the provision of data across various platforms, with a concerted effort to reach the top 10 cities in Switzerland.

Concurrently, Sparrow is poised to solidify its footprint in Europe and the United States. In Europe, the company plans to establish a presence in at least 10 key cities, including but not limited to Paris, London, and Madrid. Simultaneously, Sparrow sets its sights on penetrating the U.S. market, targeting 10 cities, with San Francisco notably among them.

This strategic approach underscores Sparrow's commitment to strategic expansion, leveraging both regional specificity and global outreach to maximize its presence and impact in key markets. By establishing a strong foundation in Switzerland while concurrently tapping into prominent European and American cities, Sparrow positions itself for sustained growth and success on an international scale.

(PR – ES)
Picture L-R: Maxim Interbrick (COO), Elshad Hajiyev (CEO)

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