Vienna's Valutico raised a seven-figure amount to refine its business valuations platform and recruit additional engineers and delivery staff.
Founded in 2017, Valutico provides data-driven valuation tools to investment managers and financial services companies.
The product was recently expanded to support both VC and capitalised earnings value metrics, with the latter calculated using the startup's profit NPV forecasts.
Following the investment, Erste Group and Valutico will collaborate to digitise Erste's valuations book and corporate loans.
Valutico has a presence in the US and UK in addition to its Vienna headquarters, serving 600 clients from more than 85 countries. It also provides consulting and personnel training, and, in the near future, will add ESG reporting to its software platform.
Paul Resch, Valutico co-founder and CEO, said: "The new funding rounds off an outstanding year for the company and will allow us to double down on our growth path and continue to innovate around the question of what “value” means in a business context.
"The benefits of Valutico’s platform are already being felt across the financial landscape and this recent funding helps us strengthen our offering and broaden our positive impact.
We are using this opportunity to reinforce our commitment to our clients and we look forward to the road ahead!”