VC fund La Famiglia leads financing in Y42
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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