Churned, an Amsterdam, Netherlands-based AI platform for subscription businesses, has raised €2.5 million in funding.
Investors
The round was led by Newion and Volta Ventures, with participation from existing investor Goldfish.
Founded in 2014, Volta Ventures is a venture capital firm based in Ghent, Belgium. The firm prefers to invest in enterprise software startups in the Benelux countries.
Newion Investments is a venture capital investment firm based in Amsterdam, Netherlands. Founded in 2000, the firm focuses on early-stage software companies headquartered in Northwest Europe.
Churned Use of Funds
The company will use the funds to expand internationally and enhance its AI capabilities. Churned's platform helps businesses predict and prevent customer churn.
About Churned
Founded in 2020 by Michiel Doornenbal and Maarten Doornenbal, Churned provides an AI platform designed to help subscription-based businesses manage and reduce customer churn. Churned uses AI-driven predictive models to analyze customer data, identifying at-risk customers and upsell opportunities. The platform provides actionable insights and recommendations to improve customer retention, enhance satisfaction, and maximize customer lifetime value.
Funding Details
Company: Churned
Raised: €2.5M
Round: Series A
Funding Date: September 2024
Lead Investors: Newion, Volta Ventures
Additional Investor: Goldfish
Company Website: https://www.churned.io/
Software Category: Customer Success Management
Source: https://siliconcanals.com/amsterdams-churned-bags-e2-5m/