What is Okredo?
Founded in 2015 and headquartered in Lithuania, Okredo operates as a digital platform that delivers systematized open data solutions for businesses. The company offers credit scores, financial ratios, and critical insights through both freemium and premium account tiers. By providing this comprehensive data, Okredo aims to empower companies to accelerate their growth trajectories and effectively mitigate financial risks, positioning itself as a key player in the data analytics and business intelligence sector.
How much funding has Okredo raised?
Okredo has raised a total of $7.6M across 1 funding round:
Angel/Seed
$7.6M
Angel/Seed (2021): $7.6M with participation from Presto Ventures, Lighthouse Ventures, Startup Wise Guys, and Lithuanian Business Angels Fund
Key Investors in Okredo
Presto Ventures
Presto Ventures is a venture capital firm specializing in frontier technologies, strategic investments, and security, defense, and aerospace sectors. They focus on empowering impactful, fast-growing post-revenue startups raising between $800k to $8M, particularly those with ties to NATO countries and Israel.
Lighthouse Ventures
Lighthouse Ventures is an early-stage and acceleration venture capital firm with a focus on technology projects, particularly those with ties to the Czech market. They provide financial and professional support to early-stage startups, leveraging an international team of experienced tech veterans and a strong business network.
Startup Wise Guys
Startup Wise Guys is a global accelerator fund dedicated to empowering B2B startup founders through mentorship, funding, and an extensive international network. They support startups across various stages and verticals, including cybersecurity, fintech, and sustainability, with a mission to foster exponential growth for overlooked founders.
What's next for Okredo?
With the recent major strategic investment, Okredo is well-positioned to enhance its platform capabilities and broaden its market reach. The substantial enterprise-level funding indicates a strong investor confidence in the company's business model and its potential for future growth. This capital infusion will likely be directed towards expanding its data offerings, refining its analytical tools, and potentially entering new geographical markets. The focus on providing actionable insights from open data suggests a strategic push to become an indispensable resource for businesses navigating complex financial landscapes and seeking to optimize their operations.
See full Okredo company page
