Flytxt Closes $11M Funding

Flytxt, a Nieuwegein, Netherlands-based Big Data Analytics solution provider, closed an $11m (€10m) funding round.

The round was led by Sunrise Capital GmbH and Big Data Investments B.V. with participation from existing investors. Following the funding, Dr. Brigitte Mohn (Sunrise Capital GmbH) and Frits Baron van Dedem (Big Data Investments B.V.) will join Flytxt’s Board of Directors.

The company, which had previously received funding from a group of angels and family offices in Germany and The Netherlands, intends to use the funds to consolidate its presence in the Communication Service Provider (CSP) market and to offer mobile consumer analytics solutions to other industry verticals. It plans to double its team through the next phase of growth.

Launched in 2008 and led by Joerg Swoboda, Chairman, Flytxt provides proprietary Big Data Analytics solutions for global Communication Service Providers (CSPs) and brands to increase sales and revenues, optimize margins and enhance customer experience. The company, which has deployed its platforms with more than 50 customers across 32 countries, now aims to grow its product portfolio for CSPs

Flytxt also has corporate office in Dubai and a presence at Trivandrum, Mumbai, London, Singapore, Lagos, Nairobi, Dhaka and Mexico City.



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