
UVC, BtoV lead €10m series-A for I2x
New and existing investors have joined VC firms UVC and BtoV in a €10m series-A funding round for I2x, a telesales communications coaching software provider.
UVC's latest fund, Unternehmertum Fonds II, closed in April 2018. The firm initially invests between €500,000-3m with a maximum amount of €12m available per company. BtoV is currently deploying from its BtoV Growth I fund, which held its first close in 2017. The firm invests between €500,000-5m in startups and between €4-20m in buyouts.
MS&AD Ventures and Asgard invested in the company for the first time in this round, while existing investor HV Holtzbrinck Ventures also participated.
The fresh capital will be used to double the company's team, further refine its technology and boost sales.
Previous funding
HV led a $5m seed funding round for I2x in February 2018, with BtoV also taking part.
Company
Founded in 2017 and based in Berlin, I2x currently employs 40 people. It uses speech-recognition technology, artificial intelligence and machine learning to gather information on a caller's speaking style, speaker ratio and quality to produce data insights and advice when a caller is on the phone. It counts Vodafone and Siemens as clients.
People
UVC Partners – Ingo Potthof (managing partner).
BtoV Partners – Jochen Gutbrod (managing partner).
MS&AD – Ventures Jon Soberg (managing partner).
I2x – Michael Brehm (founder, managing director).
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