Datumize raises 1.8 M€ in post-seed funding to unlock the smart data market
Datumize, the Barcelona-based company that is a leader in the development of smart data innovative products and solutions, has announced a 1.8M Euros Series A led by Alma Mundi Ventures, a Spanish VC firm specialized in deep technology companies, with investments in the selected European and US companies with strong connections to Spain, such as Rubicon, Mainsense or Qumram (recently purchased by Dynatrace).
In this new round, Datumize also welcomed its first international investor, the Luxembourger VC firm SGH Capital, that deploys capital in early and mid-stage disruptive companies, with a clear focus on US-based innovative companies, as well as selected European projects. SGH was an early investor in Zume Pizza, a Unicorn that has raised $375M and is valued +$1.5B.
With this new round, Datumize is getting ready to expand its product portfolio and explore new verticals and markets to bring business value from leveraging smart data.
Alongside with the new investment, Datumize has created an Advisory Board to guide the company throughout its growth period, with the relevant advisors joining the company, such as José Maria Alonso, former General Manager of Qlik Spain, and Strategic Advisor to Qlik International, with an extensive experience scaling B2B tech companies. Roger Casals, serial entrepreneur, founder of PasswordBank (successfully sold to Symantec) is also helping out Datumize as an advisor.
Smart Data market that is a part of the vast Big Data market mainly driven by the rapid growth in the data generated by organizations (e.g., due to the increasing IoT adoption) and the urgent need for integrating and transforming this data efficiently into valuable business and operational insights is estimated to reach USD 867.7 million by 2023.