RoyaltyRange raises over €4M in a joint investment led by Presto Ventures
London-based RoyaltyRange, a business information provider, has raised more than €4 million in joint investment from Prague-based VC fund Presto Ventures, Estonian Trind Ventres, Latvian ZGI Capital, and angel investors. The funding will be used to further grow and deepen the breadth and quality of data used in the company’s product portfolio, AIN.Capital was informed.
- RoyaltyRange focuses on the market for databases. It product portfolio offers 4 databases and 4 data tools, including transactional databases containing data on royalty rates, service fees, and loan interest rates from third party agreements. Its client base includes numerous firms in more than 70 countries. Among them are KPMG, Ernst & Young, Deloitte, PwC, BDO, RSM, or Grant Thornton.
“We are extremely proud of the success we’ve had, becoming an important player in a highly complex market. This success is a reflection of our team’s contributions and our core market’s appetite for products that reflect their needs and work-processes. We are well-positioned for continued growth as we expand our range of products in our core International Tax and IP Valuations markets,”Asta Rudzikiene, Director, US & Canada, commented.
- The fresh round was led by Presto Ventures co-investing with their LPs (€1.25 million). Presto Ventures is an early-stage venture capital investment company empowering CEE startup founders. Its ticket size can range up to €3 million. Among its latest investments is €800,000 round for Czech startup Cruxo.
- Estonian Trind Ventres and Latvian ZGI Capital invested €1 million each. Angel investors from the Baltic region and Finland — rest of the amount.
- RoyaltyRange will use the costs to further grow and deepen the breadth and quality of data used in its product portfolio.