Two Portuguese corporates, Caixa and Sonae, have joined forces to support the retail analytics startup
Portugal-based retail analytics platform Movvo closed a €5.5m ($6.2m) series A round yesterday, co-led by the investment arms of financial services firm Caixa Geral de Depósitos and retail conglomerate Sonae.
Caixa Capital and Sonae IM were joined in the round by Dueto.
Movvo uses sensors in retail outlets and shopping centres to analyse footfall and consumer behaviour using wifi and cellular data.
The company plans to use the funding to expand its growth across Europe, North America and Asia, as…
