Retorio secures 9 million euros in Series A

Retorio, already in use at 5 of the top 10 DAX companies, has received 9 million euros in funding. The money will be used to strengthen the innovative behavioral intelligence technology that helps global companies to effectively improve sales and services.

Munich, November 15, 2023 - Munich-based AI startup Retorio has successfully raised €9 million in a recently completed Series A financing round. New investors such as SquareOne, Porsche Ventures and Storm Ventures, as well as existing backers, participated in the round. With this capital, Retorio aims to further develop its technology and prepare for expansion into the US.

Our behavior-based AI coaching technology enables global companies to identify and establish patterns of success in sales or service. This helps companies to adapt more quickly to new market conditions and to assert themselves in global competition.

Dr. Christoph Hohenberger, Co-CEO of Retorio

Retorio's platform offers personalized AI coaching and is already used by five of the ten DAX companies with the highest turnover. Its core competence lies in proprietary behavioral intelligence, which uses video analysis to identify and train successful behaviors of sales, service and management personnel. This enables companies to develop their employees more effectively, scalably and cost-efficiently.

Retorio's AI technology offers companies untapped growth potential. Through the intelligent use of behavioral data, Retorio can significantly increase sales performance.

Charlotte Baumhauer, Investment Manager at SquareOne

The main investor in this financing round is SquareOne, a Berlin-based investor specializing in B2B tech. Porsche Ventures and Storm Ventures from Silicon Valley are also new investors. Existing investors such as Basinghall Partners, Passion Capital and Sofia Angels Ventures, as well as family offices of DAX board members and entrepreneurs, participated again.

In addition to major German corporations, international companies, including from the USA, the UK and Asia, are also relying on Retorio's services. The personalized AI coaching services are used by companies in various industries, such as automotive, insurance, telecommunications and logistics.

The focus is always on the employee. With our digital coach, employees can receive anonymous feedback around the clock and develop themselves further.

Dr. Patrick Oehler, founder and co-CEO of Retorio

Retorio's vision is to show people their own potential with the help of AI and activate the best version of themselves. The AI coaching platform can be seamlessly integrated into employees' workflows to enable individual training and development. Retorio aims to drive transformation processes and give as many people as possible access to personalized training.