Funding

[Funding alert] Hamburg-based nuvo Secures €3 Million in Seed Funding

Dec 12, 2023 | By Startup Rise EU

Hamburg-based nuvo has secured €3 million in seed funding to forward the development of its worldwide applicable AI-powered external import API, which will make it easier for software firms to receive and incorporate client data.

Hamburg-based nuvo has secured €3 million in seed funding to forward the development of its worldwide applicable AI-powered external import API, which will make it easier for software firms to receive and incorporate client data.

La Famiglia led the investment round, with participation from a number of new and returning investors, included Exxeta Ventures, FoodLabs, APX and Collective Ventures, and business angels.

Read also - Copenhagen-based Biotech Company Hoba Therapeutics EUR 23M in Series A Round Funding

With the funding, nuvo aims to continue growing internationally, enhance its artificial intelligence algorithms, and establish itself as the best option in Europe.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] Luxembourg-based Environmental Data Analytic Startup Databourg Secures $1M in Seed Funding
Startup Rise EU
Dec 4, 2023
recomd
Funding
Mistral funding news – Challenger AI Startup Mistral Secures €600Million in Funding
Startup Rise EU
Jun 12, 2024
recomd
Funding
Zen Educate funding news – London-based Zen Educate Raises €34 Million in Series B Round Funding
Startup Rise EU
May 21, 2024

nuvo CTO Ben Hartig said, “The complexities involved in onboarding data from various files and structures are enormous. With our AI algorithms, we strive to automatically handle every unique use case, thereby enabling all our customers to transform their external data into valuable assets, Once our SDK is implemented in our client’s application, it covers even the most complex edge case, freeing valuable development resources to focus on building core functionality.”

Names like RiskMethods, Sastrify, Lano, and FMS Logistics are just a few of the market areas that nuvo has grown its clientele across since obtaining pre-seed funding in April 2022.

Read also - Copenhagen-based Seasony Secures €1.5 Million in Funding

Paula Hübner from La Famiglia added: “We believe that file-based data will remain a common denominator in the overwhelming majority of companies – and nuvo has the potential to become a leading platform for heterogeneous data movements.”

Michael Zittermann, nuvo CEO said, “Thanks to our unique front-end processing, we naturally adhere to Europe’s strict GDPR laws by not processing any of our customers’ sensitive data. We will continue building the most comprehensive API for file-based data while aiming to be the most secure and compliant solution for our customers,”.

Ben Hartig and Michael Zittermann, the company's founders, saw how much time and effort it took their clients to input product-related data into their software solution, so they decided to spin out nuvo from an earlier marketplace.

Read also - Berlin-based Montamo Raises €2.1Million in Pre-Seed Funding

About nuvo

Michael Zittermann and Ben Hartig started nuvo, a software as a service (SaaS) startup, in Hamburg in 2022 with the objective of offering the greatest import options for client data onboarding. The concept was initially inspired by the observation that millions of companies were still laboriously and manually organising the disorganised spreadsheets they received from clients on a regular basis.

Read also - Tallinn-based Inspectle Food’s Secures €400,000 in Funding

Recommended Stories for You

story
Funding

[Funding alert] Paris-based Planity Secures $50 Million in Series C Round Funding

Startup Rise EU Feb 20, 2024

story
Uncategorized

[Funding alert] London-based Statera Energy Raises £300 Million in Debt Funding

Startup Rise EU Nov 24, 2023

story
Funding

[Funding alert] London-based SushiDog Secures £800K in Funding

Startup Rise EU Feb 3, 2024

story
Recent Articles

Serial Entrepreneurs Launch SalesTech Start-Up Dealside

Startup Rise EU Mar 1, 2024

story
Funding

[Funding alert] London-based Patchworks Secures £2 Million in Funding

Startup Rise EU Jan 8, 2024

story
Funding

[Funding alert] London-based Fintech kennek Secures €11.8 Million Seed Funding

Startup Rise EU Oct 10, 2023