Keen Decision Systems (“Keen”) announced today that it has secured additional Series B financing by the Triangle Tweener Fund. This funding will help Keen accelerate the industry’s first and only decision optimization engine rooted in predictive analytics. Keen’s platform has been transforming how marketing decisions are made, helping marketers close the marketing proof gap by tying investment decisions to financial impact.
Brand marketers and P&L owners are currently facing unprecedented challenges in the market. Inflation, supply chain disruption, budget cuts, and marketing team layoffs are just a few examples. The after effects of Covid have created an environment of tough decisions—budgets are going down instead of up, and teams have to hit the same targets with less. Keen’s omni adaptive marketing mix solution empowers brand leaders to quickly and accurately plan, adjust and report on their marketing mix strategy. Marketing leaders can now account for known and unexpected complexities across their entire marketing landscape through vetted recommendations to make data-driven investment decisions, tie them to financial impact, and create long-term value.
“Keen’s platform quantifies the value of marketing on financial performance, resulting in a 25 percent improvement or more in the first year using the system. The market for next generation marketing mix continues to mature and grow and we are well positioned to take advantage of this momentum. We’re excited to have the Tweener Fund participate in our Series B round with our lead investor, Ballast Point Ventures. The additional capital and guidance from some of the most successful entrepreneurs and investors in the Triangle will most definitely help us to build a company that consistently over performs," said Greg Dolan, Co-Founder and CEO.
"I first discovered Keen in 2018-2019 and have been tracking the company ever since and watching them grow rapidly year over year. It's exciting to add Keen to our portfolio and invest alongside the folks at Ballast Point Ventures," says Scot Wingo, General Partner, Tweener Fund.
About Keen Decision Systems
Keen Decision Systems is a Durham, NC-based, software-as-a-service company whose unified marketing measurement and optimization platform helps marketers make dynamic, data-driven decisions about the most effective marketing investments, by channel, investment level and timing. Keen’s customers experience an average 25 percent improvement in brand performance in year one. Connect: KeenDS.com, info@keends.com. Follow us on LinkedIn.
About the Tweener Fund
The Triangle Tweener Fund (Tweener Fund) is a Rolling Fund (powered by AngelList) affiliated with the Triangle Tweener List. The Tweener Fund seeks to create an index of early stage, private company investments. For additional information, visit https://tweenerfund.com/
View source version on businesswire.com: https://www.businesswire.com/news/home/20221013005761/en/
Contacts
Addie Caulk Derr, VP Marketing | addie.caulk.derr@KeenDS.com
