Azumuta Secures €2.8 Million in Funding

by Kay Aloha Villamor in October 9th, 2023

Azumuta, a Ghent, Belgium-based B2B SaaS platform specializing in helping manufacturing companies streamline work instructions, training, and audits on the shop floor, secured €2.8 million in funding.

SaaS Investors

Investors in the round include the Flemish investment company PMV, Angelwise, and four private investors.

PMV is an investment company dedicated to building a sustainable Flemish economy by supporting ambitious projects and companies for social impact and profitable growth. The company provides tailored financial solutions, including capital, loans, and guarantees, to entrepreneurs with strong business plans. Currently, PMV manages a portfolio of EUR 1.7 billion.

Angelwise, founded in 2021, is an early-stage investment fund focused on supporting startups in reaching their next growth stage. With key stakeholders including PMV, COI, BAN Flanders, fund managers, and over eighty business angels, it has raised around EUR 20 million to foster a digital transformation ecosystem.

Azumuta Use of Funds

The company plans to use the funding to fuel international growth and product development.

About Azumuta

Founded in 2016 by Batis Leman, Azumuta is a SaaS Software that helps manufacturing companies eliminate paperwork and digitize shop floor operations. Its platform is designed for various industries, including manufacturing, logistics, and chemicals. With built-in real-time analytics and reporting, companies can easily monitor performance and identify areas for improvement in terms of efficiency and quality. The company has already gained traction with Belgian manufacturing firms such as Novy, Duvel Moortgat, Nitto, and Atlas Copco. Azumuta is located in the heart of Ghent, with its office in the Kouter business district. 

Funding Details

Company: Azumuta

Raised: €2.8M

Round: Unknown

Funding Month: October 2023

Lead Investors: PMV, Angelwise

Additional Investors:

Company Website: https://www.azumuta.com/ 

Software Category: Manufacturing Software

Source: https://www.azumuta.com/resources/blog/azumuta-raises-2-8-million-euros-for-further-international-growth/

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