nuvo, a Hamburg, Germany-based SaaS startup specializing in AI-powered data onboarding solutions, has raised €3 million in seed funding.
SaaS Investors
The round was led by La Famiglia, with participation from new and existing investors, including FoodLabs, APX and Collective Ventures, Exxeta Ventures, and various business angels.
La Famiglia is a European seed and growth-stage venture capital fund that focuses on technology companies disrupting or enabling large industries.
nuvo Use of Funds
The new funding will be used to develop its AI algorithms further, strengthen its position in Europe, and continue global expansion.
About nuvo
nuvo is a SaaS company founded in Hamburg in 2022 by Michael Zittermann and Ben Hartig. The company offers AI-powered data onboarding solutions to help businesses automate and streamline the process of restructuring messy spreadsheets received from clients. nuvo's platform uses AI algorithms for automated data mapping, validation, and cleaning, allowing businesses to scale data ingestion, eliminate errors, and free up resources.
Funding Details
Company: ComDocks GmbH
Raised: €3.0M
Round: Seed Round
Funding Month: December 2023
Lead Investors: La Famiglia
Additional Investor: FoodLabs, APX and Collective Ventures, Exxeta Ventures
Company Website: https://www.getnuvo.com/
Software Category: Data Onboarding Solutions
Source: https://siliconcanals.com/news/startups/hamburg-nuvo-raises-3m/