Torch raises seed funding from HTGF et al.

Hasso Plattner Ventures, the venture firm of software company SAP founder and chairman Hasso Plattner, also invested alongside the venture capital firms. The fresh funding will be used to expand Torch's team.

In its latest deal prior to the investment in Torch, eVentures (formerly BV Capital) invested around $1m in UK-based online money transfer provider Azimo in late September this year.

Company
Torch is the company behind data analytics tool provider Graylog2, which was first launched in 2010. Hamburg-based Torch, however, was founded only last year, in order to create an official provider of commercial services for Graylog2, with a team that is working on improving and developing Graylog2's software.

Graylog2 provides its data analytics services to corporations ranging from large companies to start-ups.

People
Christian Leybold managed the transaction for eVentures. Hass Chapman is Torch's CEO and co-founder. Lennart Koopmann is the founder of Graylog2 as well as the CEO and co-founder of Torch.

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• Topics
• DACH
• Technology
• Early-stage
• Germany
• High-Tech Gründerfonds
• Atlantic Capital