Belgian tech startup Esoptra, which develops and markets a DataOps platform for reusable business applications, has secured €2.4 million in total funding.
The startup was founded in 2017 by Paul Carpentier and Jan Van Riel - serial entrepreneurs who previously established Gnosis, Wave Research, FilePool (acquired by Dell EMC) and Caringo - and had already raised just south of €2 million from a pool of Belgian entrepreneurs and business angels, and the Flanders Innovation & Entrepreneurship agency.
The current round converts a €1 million convertible loan while adding €1.4 million in fresh capital from a mix of prior and new private investors, the company says.
Esoptra says it plans to invest the capital in additional sales and marketing efforts, internationalisation and in the scalability of its DataOps platform.
"Data is the new gold - most organizations have understood this by now. So they collect more and more," says Carpentier. "Yet too little of that accumulated gold is mined in a swift and cost-efficient manner. That is exactly where the power of our platform is to be found. Compare it to a Swiss army knife: nearly all problems where existing data is insufficiently leveraged are fair game."
To supports its growth, the company has added Pieter-Jan Mermans, co-founder of the energy demand-response company REstore (acquired by Centrica) and startup specialist Omar Mohout to its board of directors.