Mindfuel has developed a software that integrates product management into the value creation process of data. the startup AI and data experts enable them to manage their data initiatives with a view to measurable financial impact. This also aims to make the exchange between data and business teams more targeted. Ultimately, the startup promises that the software will make it easier for companies to monetize their data.
"The world of data lacks a product mindset. We bring modern product management to the world of data and AI to effectively increase the success of data initiatives in companies and make the dream of data monetization a reality."
explained Nadiem von Heydebrand, CEO and co-founder of Mindfuel. He continues:
"Today, every data leader faces the challenge of proving the ROI of data initiatives. With Delight, they have everything they need to demonstrate their value contribution to the company's strategy and engage stakeholders and C-level executives in their efforts."
“Mindfuel provides essential expertise to empower data leaders”
Founded in 2020, Startup already counts companies such as Vodafone, Hellofresh, and Cornelsen among its customers. The recently completed seed round of €3.75 million is the startup's first financing. The money, which comes from Project A Ventures, will primarily be used to accelerate the company's market launch in Europe and the US. Further development of the software is also on the agenda.
Florian Heinemann, General Partner at Project A Ventures and now also Board Member at Mindfuel says:
"Creating measurable value from data and monetizing it will be a top priority for many data leaders in 2024. Mindfuel is driving this forward and providing essential expertise to empower data leaders in their C-suite and boardroom roles."
