Baltic startups seems very busy lately with global expansion plans. Two weeks ago the Lithuanian vintage clothing marketplace, Vinted, raised a generous amount of funding earmarked for US expansion. Following hotly on its heels is the Latvian interactive info-graphic creation service, infogr.am, who is now eyeing up the US market backed by a fresh capital injection of $1.8 million.
Funding is led by Berlin-headquartered Point Nine Capital with participation from Connect Ventures and HackFwd.
Founded in early 2012 by Uldis Leiterts, Raimonds Kaze and Alise Semjonova, in Riga, Lativa, infogr.am is a (really) simple tool to create infographics and embed them into the web pages. The team will soon introduce real-time data support which allows graphs to automatically update with instant data changes and fully integrated with Google Drive.
Company announced during the TechChill event that they will use newly raised funds to improve the platform and open offices in the US as a base for their North American operations.
With both founders having a background in journalism, the company seems to serve press institutions especially well. High-profile clients include the Wall Street Journal, Al Jazeera and Yahoo.
According to the blog post on the issue, the user base of infogr.am has already shot past 1 million, with an average of 2 infographics created by each client. Though a free account is offered, the most advanced and innovative features that are particularly effective for corporations are provided through a very affordable paid scheme. Strong growth appears set to continue in infogr.am’s near future.
We’ll be keeping a close eye on the Baltics for more overseas adventures!