Finland’s Ellie.ai raises €2.5M for its product design and collaboration software

Helsinki-based startup Ellie.ai has announced a fresh €2.5 million seed round, co-led by Newion and Crowberry Capital. Ellie.ai will use the fresh funding to develop new workflows for its customers.

• Founded in 2018, Ellie.ai provides product design and collaboration platforms for data teams. Its main goal is to help enterprises grasp their business needs and validate product ideas before committing to building complicated and costly data pipelines. 
• Since launching, the company has over 50 enterprise customers worldwide. Among them are companies from healthcare, telco, energy, and IT fields.

“You can think of Ellie as “Figma for data teams”, an easy collaboration platform, but designed specifically for large-scale data initiatives. From template-based brainstorming workflows to seamless integrations with other tools, and ease of use of a modern collaboration platform – where everything is connected, easily shareable, and secure,”

Hannu Järvi, CSO and co-founder at Ellie.ai. adds.

• The round was co-led by Amsterdam-based Newion, an early-stage venture capital firm that invests in business software, and Crowberry Capital, a venture capital firm based in Iceland and Denmark that invests in seed and early-stage startups across the Nordics.
• The fresh costs will be spent to develop new workflows for its customers and help data teams better understand and validate their product ideas.