paretos, a Heidelberg, Germany-based provider of AI-powered decision intelligence software for optimized decision-making processes, has raised €8.5 million Series A funding round.
Investors
The round was led by Acton Capital, with participation from existing investors UVC Partners and LEA Partners. Additional backers include Interface Capital and former Vodafone CEO Hannes Ametsreiter.
Founded in 1999, Acton Capital is a Munich-based venture capital firm focused on digital transformation worldwide, with a strong emphasis on Europe and North America. The firm has invested over €800 million across six fund generations.
paretos Use of Funds
The funding will support paretos in accelerating growth.
About Paretos
Founded in 2020 by Fabian Rang and Thorsten Heilig, Paretos offers a decision intelligence platform that enables data-driven decision-making. The platform allows companies to analyze complex data quickly and accurately, generate optimized forecasts and recommendations, and develop actionable insights. Designed with a user-friendly, no-code interface, it allows seamless integration even for users without data science expertise.
Funding Details
Company: Paretos GmbH
Raised: €8.5M
Round: Series A
Funding Date: October 2024
Lead Investor: Acton Capital
Additional Investors: UVC Partners, LEA Partners, Interface Capital, Hannes Ametsreiter
Company Website: https://www.paretos.com/
Category: Decision Intelligence Solutions
Source: https://www.paretos.com/en-newsrooms/paretos-accelerates-growth-series-a-funding-led-by-acton-capital