Berlin — Berlin-based y42 (form­erly known as Datos Intel­li­gence) has successfully closed a $2.9 million seed funding round. Lead inves­tor was the venture capi­tal fund La Fami­glia, other inves­tors were the co-foun­­ders of Food­spring, Perso­nio and Petlab.

Foun­ded in 2020 and based in Berlin, startup y42 is a colla­bo­ra­tive data plat­form that brings toge­ther tech­ni­cal and non-tech­­ni­­cal users to load, cleanse, connect, visua­lize and share data. The all-in-one tool enables users to inte­grate hundreds of data sources and build a scalable data infra­struc­ture without programming. Y42 intends to use the funds to expand its go-to-market stra­tegy and for product deve­lo­p­ment. “As the amount of data has increased, the systems for proces­sing data have also become more complex. Buil­ding a scalable data infra­struc­ture is a night­mare for many compa­nies,” said Hung Dang, foun­der and CEO of y42. “We want to enable all compa­nies to get value from their data without inves­t­ing in expen­sive IT projects and in-house deve­lo­per teams.” y42 is the first scalable data plat­form that can be set up and used by less IT-savvy users.

Foun­der Dang has become famous for hosting a series of Great Gatsby-style parties. He foun­ded an event company and deve­lo­ped a global data plat­form for Even­tim to analyze events. He reinves­ted the money from that in his new startup, Y42, form­erly called Datos.

Based in Berlin,La Fami­glia is a pan-Euro­­pean early-stage VC fund that invests in tech­no­logy compa­nies that are empowe­ring or rethin­king large industries.

POELLATH provi­ded compre­hen­sive legal advice to La Fami­glia in the context of the seed finan­cing round at y42 with the follo­wing Munich team:
Tobias Jäger (Part­ner, Lead, M&A/Private Equity/Venture Capi­tal), Dr. Sebas­tian Rosen­tritt, LL.M. (Senior Asso­ciate, M&A/Private Equity/Venture Capi­tal), Dr. Matthias Meier (Asso­ciate, M&A/Private Equity/Venture Capital)

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