Ellie.ai, a Helsinki, Finland-based product design and collaboration software for data teams, secured €2.5 million in seed funding.
SaaS Investors
The seed funding round was co-led by Newion and Crowberry Capital.
Newion is an independent venture capital fund founded in December 2000 and based in Amsterdam. The firm invests in IT, SAAS, Cloud, and b2b Software.
Founded in 2017, Crowberry Capital is a venture capital firm based in Iceland and Denmark that invests in seed and early-stage startups across the Nordics.
Ellie Use of Funds
The funding will support the company's growth and development efforts, allowing it to continue enhancing its platform and expanding its offerings.
About Ellie
Ellie has developed a technology-supported Data Product Design workflow designed to enhance collaboration between businesses and data teams more effectively than previously possible. It empowers global businesses to better understand and validate their data product needs before building costly data pipelines. The company has over 50 enterprise customers worldwide today. Ellie.ai empowers global businesses understand and validate their data product needs before building costly data pipelines.
Funding Details
Company: Ellie Technologies Inc.
Raised: €2.5M
Round: Seed Round
Funding Month: August 2023
Lead Investors: Newion and Crowberry Capital
Additional Investors:
Company Website: https://www.ellie.ai/
Software Category: Product Design and Collaboration Software
Source: https://tech.eu/2023/08/31/ellieai-the-figma-for-data-teams-bags-eur25m-in-seed-funding/