Conveo has raised $50 million in Series A funding from DST Global Partners, Balderton Capital, Visionaries, 6 Degrees Capital and Y Combinator, bringing its total funding to $55.8 million.
The new financing will support Conveo’s U.S. expansion as the company develops what it describes as consumer understanding infrastructure for large enterprises.
More than 400 enterprises, including over 50 Fortune 500 companies, use Conveo. Customers include Google, Unilever, AB InBev and Canva.
The company initially developed an AI research interviewer capable of conducting in-depth video conversations with thousands of consumers in days rather than months.
Its newer StoryLines product continuously conducts research around a company’s strategic topics, creating a continuously updated consumer intelligence layer rather than treating each research project as a standalone study. Conveo said StoryLines has already generated multi-million-dollar enterprise deals.
Conveo’s AI interviewer can conduct in-home studies and more than 1,000 consumer conversations per month across multiple markets while supporting research approaches including MaxDiff, Price Sensitivity and Diary Studies.
The resulting information can be searched in natural language through dashboards, AI agents and integrations with the applications companies already use to make product, marketing and strategy decisions.
Conveo was founded in 2024 by Dieter De Mesmaeker and Hendrik Van Hove after graduating from Y Combinator. The company is headquartered in New York, with engineering operations in Belgium and offices in London and San Francisco.
KEY QUOTES:
“Brands need AI that is deeply knowledgeable about their market and grounded in real-world data. We have built the infrastructure to gather, structure and synthesize consumer data at unprecedented scale, using best-in-class research methodologies, vetted participants and purpose-built data architecture. That infrastructure is already running across more than 50 Fortune 500 companies.”
Dieter De Mesmaeker, CEO and Co-Founder of Conveo
“Conveo is using the state of the art in both AI & consumer insights to help companies understand their customers at a speed and scale that has never been seen before. Dieter, Hendrik and the team have built an exceptional product, and we are excited to continue supporting them as they expand in the U.S. and define this new category.”
James Wise, Partner at Balderton Capital
“Every brand should have a digital consumer twin: a living, continuously updated picture of the people it serves, what they need, how those needs are changing, and why. During my time at Unilever, we always wanted to bring the outside in, so the consumer was present in every major decision not just when a research project was commissioned. Conveo is building the infrastructure to make that possible.”
Kees Kruythoff, Former President of Unilever North America and Global Home Care
