Software startup nuvo receives 3 million euros
The Hamburg-based startup nuvo has received 3 million euros in a seed financing round. Founded in 2022, the company offers a software solution for data import supported by artificial intelligence (AI). The fresh capital will be used to further develop the AI, consolidate its position on the European market and expand its global business.
Nuvo simplifies data import
The financing round for nuvo is led by the Berlin venture capital firm La Famiglia, with FoodLabs, APX and Collective Ventures, Exxeta Ventures and various business angels also participating. They are all backing the startup founded by Michael Zittermann and Ben Hartig, which aims to simplify the "customer data onboarding" process for companies. The software is geared towards common data formats such as CSV and JSON as well as Excel spreadsheets. In many places, the import and further processing of data still largely takes place manually.
“The complexities involved in onboarding data from various files and structures are enormous. With our AI algorithms, we strive to automatically handle every unique use case, thereby enabling all our customers to transform their external data into valuable assets,“ explains Ben Hartig, CTO of nuvo. Michael Zitterman, CEO of nuvo, confirms that the best possible data protection is guaranteed: “Thanks to our unique front-end processing, we naturally adhere to Europe’s strict GDPR laws by not processing any of our customers’ sensitive data. We will continue building the most comprehensive API for file-based data while aiming to be the most secure and compliant solution for our customers.”
