Lyntics, a Munich, Germany -based data literacy company, announced that it raised €3.2 million seed funding round.

The round was co-led by Ventech, a pan-European VC firm with a deep digital focus, and Senovo, a VC fund specializing in B2B SaaS. 

Lyntics is also backed by renowned business angels, including Guntram Friede, formerly Head of marketing at Salesforce and MuleSoft.

The company will use the new capital to invest in further product development and sales and marketing expansion.

Company: Lyntics

Raised: €3.2M

Round: Seed Round

Funding Month: May 2022

Lead Investors: Ventech and Senovo

Additional Investors: Guntram Friede

Company Website: https://lyntics.com/

Software Category: Data Literacy 

About the Company: Lyntics is a software company that offers the first software solution that enables companies to democratize data literacy by making the expertise of a few specialists instantly accessible and searchable to everyone in the organization. Lyntics' mission is to democratize data knowledge. Lyntics' Data Literacy Platform is the only software solution in the world that makes the knowledge of a few systems experts immediately accessible and usable by everyone in the company. Lyntics primarily targets medium-sized and large corporations and is already working with well-known customers from the telecommunications, automotive, industrial, consumer goods, and medical technology sectors. Headquartered in Munich, Germany.

Source: https://lyntics.com/fileadmin/user_upload/PR_EN_Lyntics_Seed_Financing_170522.pdf