Estonian data quality management startup LiTech receives €500k
31 March, 2023, 10:57
The Tallinn-based LiTech that develops a data quality management platform to automate data validation has received €500,000 in a seed round to enter new markets and further develop the product. The round was led by angel investors.
- Founded in 2019, LiTech develops the application to automate data validation, find anomalies and report errors. The platform is developed to reduce manual effort in data testing and to detect erroneous data before any significant negative impact is caused.
- With its solution, LiTech helps customers ensure that their decisions are based on accurate and reliable data.
“We are happy that today we have involved strategic investors to grow the company’s future business and expand to the Nordic and Baltic markets,”said Raiko Limmart, CEO and co-founder of LiTech.
- The fresh round was led by angel investors. In addition to financing, LiTech also got a new advisor — Gert Lohmus, who participated also as an investor. The funding will be used for accelerating the product development process and expanding into new markets.