Mindfuel, a Munich, Germany-based data product management company, raised €3.75M in Seed funding.
The round was led by Project A Ventures.
The company intends to use the funds to accelerate its go-to-market in Europe and the US and further develop the software with over a dozen enterprise customers in Europe.
Founded by Nadiem von Heydebrand and Maximilian Könnings, Mindfuel is data product management company that offers an AI-driven SaaS solution augmented by expert services that guide data initiatives from idea to measurable impact. With its software ‘Delight’, AI and data professionals can actively manage their data initiatives from a measurable financial impact perspective, and facilitate a goal-oriented conversation between data and business teams. The AI-driven portfolio management provides data teams with a clear overview of all their data products, which in turn supports both strategic prioritization and governance. In practice, ‘Delight’ accelerates a direct value contribution and supports the data monetization process, which when steered and reported on board- and C-level, empowers strategic, data-driven decision-making.
The company’s B2B enterprise SaaS solution is being launched in key European markets including Germany, Austria, UK, Sweden, Finland, Netherlands, Belgium, Switzerland, Czech Republic, Poland and Iceland.
Mindfuel already supports customers from insurance, telecommunication, consumer packaged goods, and publishing industries such as Vodafone, HelloFresh and Cornelsen.
Commenting on the news, Nadiem von Heydebrand said: “Nowadays, every data leader is challenged to demonstrate the ROI of data initiatives. With Delight, they have everything they need at their fingertips to illustrate their value contribution to the company’s strategy and excite stakeholders and C-levels with their efforts“.
FinSMEs
14/03/2024