Deeptech/Data/News/ Zlatan-backed data quality startup Validio raises $15m Validio's $15m seed round was led by Lakestar but included angels like Zlatan Ibrahimović By Mimi Billing 21 June 2022 Zlatan Ibrahimović Zlatan Ibrahimović \Deeptech Yoti finally takes outside investment after £110m bootstrapping run By Maija Palmer 23 February 2022 Deeptech/Data/News/ Zlatan-backed data quality startup Validio raises $15m Validio's $15m seed round was led by Lakestar but included angels like Zlatan Ibrahimović By Mimi Billing 21 June 2022 Today, Swedish data quality startup Validio announced it has raised a $15m seed round led by Lakestar. What does Validio do? Validio was founded by Patrik Liu Tran, Urban Eriksson and Oliver Molander in 2019, and helps data-driven companies eliminate bad data with end-to-end data quality monitoring and validation in data warehouses and real-time streams. Why does it matter: Data has become key for companies to understand and analyse underlying trends, sales and growth. According to Validio, one issue is that data-driven companies sometimes use bad data. “More data isn’t necessarily the magical asset companies often think it is. Having good data trumps more data in most cases. Within five years, every company that collects data will need to have an end-to-end data quality solution in place if they want to use the data for business-critical decisions,” says the CEO Patrik Liu Tran. Validio’s investors: Swiss VC Lakestar led the round with participation from Swedish seed VC J12. Angel investors include football legend Zlatan Ibrahimović as well as a number of data whizzes like Denise Persson (CMO at Snowflake), Kevin Ryan (cofounder of MongoDB), Emil Eifrem (cofounder of Neo4j) and Mehdi Ghissassi (head of product at DeepMind), as well as Kim Fai Kok and Dara Gill (angel collective Framtid). Sifted take: That Validio has been able to attract customers including startups like Budbee, Babyshop and Tibber is a sign that it is probably solving an issue that’s key for companies to succeed — especially when the need for data analysis is growing. And although Zlatan is a great name to have for media coverage, he has also invested in quite a few startups via his company Unknown AB. Perhaps more promising for Validio though is the fact that it has attracted people with years of experience in data analytics companies as angel investors. Mimi Billing is Sifted’s Nordic correspondent. She also covers healthtech, and tweets from @MimiBilling Related Articles Gen Z want to be founders but can’t name a single role model By Maija Palmer Click here to read more How Logically uses AI — and humans — to tackle misinformation Sponsored by Google For Startups Click here to read more Why startups are relocating to Lisbon and what they’re finding behind the hype By Tim Smith in Barcelona Click here to read more Withings raises $60m for healthcare pivot By Marie Mawad in Paris Click here to read more Most Read 1 \Startup Life Where are Europe’s top digital nomad villages? 2 \Public & Academic UCL and Oxford are Europe’s ‘worst universities for spinouts’ 3 \Venture Capital The top early-stage investors in the Netherlands 4 \Fintech Payment flows API startup Formance raises $3.1m pre-seed 5 \Venture Capital Top early-stage investors in the Nordics Join the conversation Subscribe Notify of new follow-up comments new replies to my comments
How Logically uses AI — and humans — to tackle misinformation Sponsored by Google For Startups Click here to read more
Why startups are relocating to Lisbon and what they’re finding behind the hype By Tim Smith in Barcelona Click here to read more