Hamburg-based SaaS startup nuvo has raised €1.6 million funding to fuel the growth of its data importing solution. The pre-seed round was led by FoodLabs, with participation from early-stage VC firm APX, Collective Ventures and angels, including Adrian Frenzel. The platform will use the funds to create data importing experience in the market.
Millions of businesses painfully restructure data on a daily basis. As the constant import errors lead to the manual restructuring of spreadsheets, SaaS companies struggle with importing high-quality customer data. However, most companies don’t have the resources to build an in-house importer with strong matching capabilities.
Solving the problem, the platform founded by Michael Zittermann and Ben Hartig offers intelligent data importing experience by utilising AI to effortlessly retrieve file data in the right format. The company claims its nuvo file importer, which can be implemented with just a few lines of code, enables frictionless data imports for any kind and format of file data.
Michael Zittermann, co-founder and CEO, nuvo said: “We built cutting-edge technology to save our clients time and headaches associated with importing data. Automating the entire file import chain was a key issue for them, from uploading files to smart column matching to ultimately uploading data into any web application.”
Patrick Huber, general partner, FoodLabs added: “Importing, structuring and converting data is a major challenge for businesses. With its AI-driven technology, nuvo brings efficiencies in data import and management to a completely new level.”