Flytxt to double resources, closes $11 mn funding

Flytxt, a Big Data Analytics solution provider for telecoms, has closed $11 million funding to finance its next phase of growth.

Sunrise Capital, Big Data Investments and Flytxt’s existing investors participated in this round of funding. Earlier, Flytxt has received funding from a group of angels and family offices in Germany and The Netherlands.

The new investment will support Flytxt’s plans to consolidate its presence in the Communication Service Provider (CSP) market and to offer mobile consumer analytics solutions to other industry verticals. The company plans to double its team through the next phase of growth.

Joerg Swoboda, chairman of Flytxt, said: “The company already has a unique standing in Big Data Analytics market with a sustainable business model, proven technology, impressive customer base and an exceptional team.”

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