Mindfuel receives 3.75 million euros in seed funding

How Delight by Mindfuel helps companies maximize the value of their data. The startup is expanding with a new financing round.

Munich, March 14, 2024 - The Munich-based startup Mindfuel has closed a seed financing round of 3.75 million euros with Project A Ventures. With Delight, its proprietary data product management platform, Mindfuel offers a solution for companies to maximize the value of their data and AI initiatives.

Evaluation focused on financial results

The challenge of converting the value of data into real business results is a central task for many companies. Mindfuel addresses this challenge with Delight, a software that enables product management concepts to be applied to the value creation process of data projects. Delight helps AI and data experts to focus their activities on financial results and promotes collaboration between data and business teams.

Today, data product managers face the challenge of proving the return on investment of data initiatives.

Nadiem von Heydebrand, CEO and co-founder of Mindfuel

Nadiem von Heydebrand, CEO and co-founder of Mindfuel, emphasizes the importance of modern product management for the success of data and AI in companies. Delight gives data product managers the tools to transparently demonstrate the value of their initiatives and support corporate strategy.

Mindfuel, in data product management since 2020, helps to strengthen the position of data managers as leaders. Dr. Florian Heinemann, General Partner at Project A Ventures and new board member of Mindfuel, emphasizes the relevance of measurable value from data for executives.

Expansion in Europe and the USA

The startup is already helping clients from various industries such as Vodafone, HelloFresh and Cornelsen to maximize the value of their data products. The funding round will enable Mindfuel to expand its presence in Europe and the US and further develop its software to meet the needs of a growing number of enterprise customers. With the launch in several European countries and the US, Mindfuel will further strengthen its position in the data product management space.