Data product management company Mindfuel has secured €3.75 million in seed funding. The company will use the funding to introduce its SaaS solution across Europe and the US.
Mindfuel, the provider of data product management, announced securing €3.75 million (~ $4.08 million) in a seed funding round led by Project A Ventures. This funding empowers the company to launch Delight, its pioneering data product management software showcasing the tangible business outcomes of data products, across both European and US markets and revolutionize how businesses interact with and perceive data initiatives.
(Image Credit: Mindfuel)
Nadiem von Heydebrand, CEO and co-founder of Mindfuel stated: “The world of data is lacking the product mindset…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.”
D. Florian Heinemann, General Partner at Project A Ventures and new board member at Mindfuel said: “Creating measurable value from data and monetizing it is at the top of mind for many data leaders in 2024. Mindfuel drives this space and provides essential expertise to empower data leaders within their C-leadership role and board of directors.”
The company is rolling out its B2B enterprise SaaS solution in important European markets, such as Germany, Austria, the UK, Sweden, Finland, the Netherlands, Belgium, Switzerland, the Czech Republic, Poland, and Iceland.
About Mindfuel:
Founded by Nadiem von Heydebrand and Maximilian Könnings, Mindfuel is a company that specializes in data product management. They provide an AI-powered SaaS solution along with expert services that help businesses throughout the entire process of implementing data initiatives, from conception to achieving tangible results.
Mindfuel’s software, called Delight, merges product management with the data value creation process. With Delight, AI and data experts can effectively oversee their data projects with a focus on measurable financial outcomes. It encourages productive discussions between data and business teams by aligning goals. The AI-driven portfolio management offers data teams a straightforward view of all their data products, aiding in strategic decision-making and governance.
(Source: tech.eu)
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