DocDigitizer Receives Funding
DocDigitizer Receives Funding from Bewater Funds to Accelerate Growth
September 15th 2021,
DocDigitizer announced an investment of 0.8M€ from Bewater Funds.
DocDigitizer is a cutting-edge AI-based company specialized in delivering best-in-class AI data processing solutions to support data-driven hyper-automation with the mission of unburdening people from robotic work.
The pre-series A investment was made by Bewater Funds to support continuous growth during 2021 and 2022. Bewater Funds has invested in more than 14 companies since 2018.
Ramón Blanco, co-founder and CEO of Bewater Funds, highlights the differentiating factors that influenced the decision to invest in DocDigitizer: “DocDigitizer service SLAs guarantee near 100% accuracy, they have a solid team and efficiently use capital, and they’ve only exhausted 0.15M€ of equity at this point. Moreover, DocDigitizer presents important growth opportunities for its current business.”
João Fernandes, co-founder and CEO, and Gonçalo Caeiro, co-founder and CAIO of DocDigitizer, underline Bewater’s experience investing in B2B companies and enabling them to scale up.
We are thrilled in teaming up with Bewater, given their expertise in scaling up similar companies. Their experience will provide vital support for expanding in Europe and the United States.
About DocDigitizer DocDigitizer is a SaaS platform that operates in the intelligent document processing (IDP) and cognitive data capture space. DocDigitizer extracts information from documents with near 100% accuracy guaranteed by SLAs, zero set-up, and full pay-per-use. DocDigitizer is also expanding its platform to ease the exchange and validation of information, making it a key element to support hyper-automation.