HTGF backs altusInsight

The financing will enable the software to be made available to the general public as a software-as-a-service (SaaS) platform.

HTGF is currently investing its €304m HTGF II fund. It provides start-ups with €500,000 at the seed stage, with the capacity to invest a further €1.5m in follow-on funding rounds.

Company
Founded in early 2013, altusInsight has developed the cloud-based LambdaNow software to process big data. The company, which has a management team of three people, also offers consulting services for its users.

People
Christian Richter is managing director at altusInsight. Michael Wieser is investment manager at HTGF.

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