Recently, the big data trend has been pulsing through fintech and beyond. To further prove this, data insights company and creator of looop, ERN, recently announced $1 million in funding and the acquisition of two companies.
This seed funding, combined with the $1.6 million it announced in July and the $2 million it received late last year, brings the London-based company’s total funding to $4.6 million. All investors are unnamed, high-net worth individuals.
ERN acquired two U.K.-based consulting companies that were both purchased with a combination of undisclosed fees and stock:
- Inspired Analytics
- Elucidata
ERN also mentioned in its news release that it is preparing to announce its first commercial customer.
To learn more about ERN, check out its FinovateEurope 2013 demo video.