Citationsy raises seed round from ex-Spotify & ex-Truecaller angels
From Stockholm to the world – meet the referencing app making the lives of students around the globe easier.
Sting Accelerate 2021 company Citationsy has raised SEK 1.3 million (GBP 110.000) to continue its international expansion. Citationsy’s mission is to make perfect references possible for all students and to help them become more productive at every stage of their academic work – from research to bibliography generation. The two leading investors behind the deal are Ted Nelson and Juan Manuel Serruya.
Ted Nelson, previously the Chief Commercial Officer at Truecaller, has now invested and helped over fifteen startups take their next steps building their businesses.
Juan Manuel Serruya, previously Head of Engineering at Spotify, exited after the company went public. He then went on to start his own company Datia and a private investment company that actively invests in early stage startups in the nordics.
“Citationsy is already seeing great organic growth and solving a real problem. I’m looking forward to working with these strong founders in taking the next steps to growing and monetizing Citationsy”, says Ted Nelson
“The Citationsy team managed to build a delightful product that hundreds of thousands love, I am honoured to join their journey and excited to see Johann and Cenk scale up their company”, says Juan Manuel Serruya
While reaching ramen-profitability in May this year, with the investment round the founders aim to double-down on consolidating their tool across desktop and mobile devices as well as web browsers. They have released new Android and iOS apps with the aim to reach a total addressable market of over one billion students who mainly use mobile devices.
What first started as a side project has turned into a tool that today over 340,000 people around the globe use.
“It’s crazy to think that the app I started from my bedroom in Stockholm has helped this many people simplify the most annoying part of academic writing. The next step for Citationsy is to use our position in academia to offer a new solution for personal knowledge organisation for everyone”, says Cenk Özbakır, Citationsy’s Founder
Citationsy started with the simple idea of creating a tool that brings joy to people doing academic work, a tool that they could use with privacy and ease. Moving forward the founders aim to increase their paying customer base and expand their product offering to also bring Citationsy to more customers outside of academia.
Citationsy is an online referencing tool for people who value simplicity, privacy, and speed. It automates the citation, reference list, and bibliography process in over 9,200 referencing styles including APA, Chicago, DIN, MLA, and Harvard.
Over 350,000 students, researchers, and scholars from 195 countries use Citationsy to conduct research and generate citations. Citationsy’s mobile apps include a barcode scanner for on-the-go book referencing, and the Citationsy browser extension (Chrome, Firefox, Edge, Safari) enables one-click website citations.
Citationsy is the world’s leading, most accurate citation generator and management tool that allows users to cite any source with a click via web platform, mobile app, or browser extension.