Flytxt is a customer data analytics software company based in Nieuwegein, The Netherlands. Led by CEO Dr. Vinod Vasudevan, Flytxt provides an enterprise-class product that ingests, manages and analyzes large volumes of moving customer data to derive actionable insights, and includes built-in applications for digital customer engagement and digital services. The company serves over 100 customers, including major telcos, financial institutions and global brands across 40 countries. Flytxt has offices in Dubai and India and regional presence in Paris, London, Singapore, Nairobi and Mexico City. It closed a US$11m financing and plans to use the funds for R&D to continue evolving its software, further its growth in the telecom industry and expand into other verticals. Flytxt provides proprietary Big Data analytics solutions to Communication Service Providers (CSPs) and brands to increase sales, optimize margins and enhance customer experience. Launched in 2008 and led by Chairman Joerg Swoboda, the company has deployed its platforms with more than 50 customers across 32 countries. Flytxt has a corporate office in Dubai and a presence in Trivandrum, Mumbai, London, Singapore, Lagos, Nairobi, Dhaka and Mexico City. It plans to use the $11m funding to consolidate its presence in the CSP market, expand mobile consumer analytics offerings into other industry verticals, and double its team during the next growth phase. The company also aims to grow its product portfolio for CSPs. Flytxt previously received funding from angels and family offices in Germany and the Netherlands.

Total raised

$22M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2017