Target Partners backs Datapath.io's €965,000 round

Prior to this capital injection, the company received earlier seed funding from business angels Jochen Tuchbreiter, Christian Henschel, Paul Müller and former Earlybird principal Maximilian Claussen as well as the Techstars accelerator. The startup will use the fresh capital to grow their engineering and sales teams.

Austrian VC Speedinvest held the final close for its second fund, Speedinvest II, a $100m early-stage vehicle, in December 2015 after just over one year of fundraising.

Company
Founded in May 2015 and based in Mainz, Datapath.io develops network performance management solution for companies that wish to optimise access to their applications.

To provide their service, Datapath.io analyses performance data from 70 network nodes worldwide. The internet traffic routes between applications and end users are then optimised based on time, cost, availability and bandwidth, depending on the needs of the customer. The company has 10 employees.

People
Speedinvest – Marcel van der Heijden (partner).
Target Partners – Kurt Müller (partner).
Datapath.io – Sebastian Spies (CEO).

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