Flytxt, a Nieuwegein, The Netherlands-based customer data analytics software company, closed a US$11m financing.
DAH Beteiligungs GmbH, a company related to the Hopp family office, made the investment.
The company plans to use the new funds in R&D to continue evolving its software product to further its growth in the telecom industry and expand to other verticals.
Led by Dr.Vinod Vasudevan, CEO, Flytxt provides an enterprise-class customer data analytics product that can ingest, manage and analyze large volume of moving customer data to derive actionable insights. The product also has built-in applications to leverage these insights for digital customer engagement and digital services. The company serves over 100 customers including some of the largest telcos, financial institutions and global brands across 40 countries.
Flytxt also has offices in Dubai and India with regional presence in Paris, London, Singapore, Nairobi, and Mexico City.