Mandatum Asset Management invests in Nosto

Avance advises Mandatum Asset Management’s Growth Equity team in its EUR 15 million investment in Nosto, the world’s leading Commerce Experience Platform (CXP). Since its founding in Helsinki in 2011, Nosto has helped over 2,500 global commerce brands such as Paul Smith, SikSilk, Muji, Dermalogica, Centric Brands, and Princess Polly create the ultimate online experience for shoppers and increase their online revenue. The investment will be used to further scale Nosto’s solutions globally and develop new innovative products.