Berlin, March 22, 2021
For the past year, our team has been working tirelessly to craft a software that we can all be proud of and most importantly, that provides massive value for our customers. We have focused most of our efforts on product development. We have always bet on doing the fundamentals first and kept true to ourselves which has not always been an easy path. And we will continue to do so.
Although we’re a relatively young company, this never stopped our prospects - and now clients - from working with us and relying on y42 as their single source of truth. We have acquired amazing customers, from hyper-growth startups like everdrop to LifeMD, a NASDAQ-listed company, which has proven to me that there is a definite need for a no-code/low-code BI tool like ours and that we’re on the right track.
Today, I’m very thrilled to announce that we have secured a $2.9 million seed funding round, led by La Famiglia, a European VC that is investing in B2B technologies. Additional investors include the co-founders of Foodspring, Personio, AeroMobil and Petlab / Hashgraph et. al.
This funding ignites our shot at changing how companies work with their data. To briefly recall our mission:
“y42 is a no-code Business Intelligence tool that provides an enterprise-level data stack with the simplicity of spreadsheets, empowering business and tech users alike to work with their data efficiently and collaboratively.”
The funding will help us pursue our mission and further support our go-to-market strategy as well as product development. We are also planning to introduce additional features, such as full-fledged reporting templates (so-called intelligence apps) and data automation features similar to Zapier for every company function later this year.
I’d like to thank our customers for putting their trust in us from the early days. A special thanks goes out to our investors and especially to La Famiglia for supporting our further growth aspirations.
And last but not least, thank you to all the team members that have joined our exciting journey, it is thanks to you that we can keep such high quality in everything we do. With many of whom I have been working together over multiple journeys for over 4 years by now and choose to devote a significant part of your professional life with y42. I can’t wait for us to build a company that creates massive value for society and craft the best no-code data tool the community has yet seen.