Press

Berlin-based startup Datarade raises €1m seed investment from HTGF to help companies source external data more efficiently

November 19, 2019

High-Tech Gründerfonds (HTGF) invests EUR 1 million in Datarade GmbH. Datarade is building a platform for companies to discover, compare and connect with already over 1,500 data providers across the globe. The invested capital will be used to grow the team in Berlin to further develop the platform.

Companies increasingly use external data sources to fuel their analytics and predictions about their customers, markets and risks. But finding the right data sources amongst thousands of data providers, negotiating data contracts, tracking data spend and maintaining integrations remains a complex and time-consuming process.

Datarade is building a global platform that significantly simplifies, automates, and speeds up the sourcing and management of external data. The platform gathers intelligence on more than 1,500 data providers across the globe, automatically matches companies with relevant data providers and provides the tools to benchmark their data offerings. For enterprise clients that work with hundreds of data providers and external data streams, Datarade is developing a solution to track the usage of external data and to optimize data spend across the organization.

“The global data market is soaring but has become extremely complex and opaque. There’s a lingering distrust in data quality, privacy-compliance, and mostly gut decisions. Our mission is to remove friction and bring radical transparency and efficiency to the data market.” says Thani Shamsi, Co-Founder & CEO of Datarade.

Today, a wide range of companies from (re)insurance, technology, finance, pharma, retail, marketing and consumer goods use Datarade to source external data like firmographic data, satellite data, audience data, location data, alternative data and many other data types.

Simon Math, responsible Investment Manager at High-Tech Gründerfonds: “For us, the high value add for users on both sides of the platform was one major factor for an investment. The market insights that are generated through Datarade will significantly improve buying and selling processes. We are happy to partner with this great and passionate team on their journey!”

The seed investment will be used to grow the team in Berlin, further develop the technology platform, and increase adoption by both data buyers and data providers. Previously, Datarade was part of the SAP.iO Foundry powered by Techstars Accelerator and received a pre-seed investment from the Hasso-Plattner-Institute (HPI) Seed Fund.

About Datarade
Datarade was founded in Berlin in 2018 by Thani Shamsi, Florian Rösler, and Richard Hoffmann. Datarade’s mission is to make the global data market more transparent and efficient, enabling data hunters and data providers to connect and build trusted data partnerships across the globe.

Contact
Datarade GmbH
Alexanderstr. 1
10178 Berlin
Germany
T.: +49 30 2325-5623
hello@datarade.ai
datarade.ai

About High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven startups. With EUR 895.5 million in total investment volume across three funds and an international network of partners, HTGF has already helped forge more than 560 startups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and startup experts help guide the development of young companies. HTGF’s focus is on high-tech startups in a range of sectors, including software, media, internet, hardware, automation, health care, chemistry and life sciences.

To date, external investors have injected over EUR 2 billion into the HTGF portfolio via more than 1,400 follow-on financing rounds. HTGF has also successfully sold interests in more than 100 companies. Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Capital, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, FOND OF, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.

Contact
High-Tech Gründerfonds Management GmbH
Schlegelstraße 2
53113 Bonn
Simon Math (Location Berlin)
T.: +49 30 4036648 0
s.math@htgf.de
www.htgf.de

More Press posts

14. October 2021

BASF Venture Capital and Amathaon Capital Acquire Minority Stake in Bioinformatics Company Computomics

Computomics AI recommends crosses adapted to future climatic conditionsPlant breeders can significantly accelerate market launch of new varietiesInvestment promotes innovative solutions for more sustainable agriculture Tübingen, Munich and Ludwigshafen, October 14, 2021 - BASF Venture Capital GmbH (BVC), the corporate venture company of BASF Group, and Amathaon Capital, a venture capital company specializing in AgTech, are investing in the Tübingen-based bioinformatics company Compu
 
14. October 2021

Abalos Therapeutics Completes Series A Extension Bringing Total Raised to EUR 43 Million

Additional EUR 32.5 million will support clinical readiness and accelerate lead immuno-virotherapy candidates toward clinical proof-of-concept Düsseldorf, Germany, October 14, 2021 – Abalos Therapeutics announced today an extension to its Series A funding round bringing the total raised in this round to EUR 43 million (USD 50 million). The extension was led by Seventure Partners with support from Coparion, Ventura BioMed Investors and Hx Bio Ventures as well as contributions from exist
 
12. October 2021

STIHL Digital GmbH acquires stake in software startup FlyNex

STIHL has been driving innovation in forestry and gardening for 95 years. To make it easier for customers to work with and in nature, the motor and garden tool manufacturer from Waiblingen near Stuttgart is working intensively on digital technologies. The newly formed partnership between STIHL and FlyNex is intended to support customers in forestry, gardening, and landscaping, particularly with data generated by drones. Hamburg, 10/12/2021 – FlyNex recently closed another financing rou
 

Kommentare

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments