For example, they can calculate how much Tesla could really be worth, apart from the stock market valuation, and now they are doing this on a large scale: Viennese startup Valutico around founders Paul Resch and Alex Lachinger (formerly Greetzly) has already caused a lot of excitement and now comes out with a big announcement: The first round of funding has already raised a mid-seven-figure sum. PUSH Ventures, aws Gründerfonds and Erste Group are getting involved.
“The new round of funding is the culmination of another great financial year for our company. With our new partners, we can accelerate growth and develop additional innovative products related to the overall value of the company,” Resch said in a statement. Meanwhile, more than 60 employees will currently look after around 600 customers in over 85 countries. Founded in 2017, Valutico is headquartered in Vienna with offices in the US and UK
A toolbox for evaluators
The software product targets specialist sectors such as tax advisory, audit, private equity, hedge funds, family offices and venture capital, as well as M&A specialists – ie. anyone who needs a valuation based on the database of company valuations (private or registered). In the future, they should also receive information about the companies’ ESG criteria.
“What we are developing at Valutico is the toolkit for the modern valuation professional. In this way, we make it possible to return to the essence of the assessment: namely to focus on the analysis of the company and its environment, while the repetitive technical aspects of the model are automated using our solution,” said Resch last year in “Recruiters popular topics”. “In this regard, our most important competitor – despite the many vendors now entering the market – is still the combination of Excel spreadsheets, expensive databases and manual research.”