Xconomy: Grand Ventures’ First Investment is in Big Data Startup Astronomer
Grand Ventures, the West Michigan venture capital firm investing in early-stage tech startups, has closed its first deal.
The firm contributed an undisclosed amount to Cincinnati-based big data startup Astronomer’s $3.5 million seed round. The funding was led by San Francisco’s Wireframe Ventures and Ohio’s CincyTech; other investors include Frontline Ventures, Drummond Road Capital, CoreNetwork Fund, and M25 Group. Grand Ventures will also take a seat on Astronomer’s board as part of the deal.
Astronomer has developed a data engineering platform that provides its customers, such as Procter & Gamble (NYSE: PG), with the infrastructure necessary to analyze information. Astronomer automates the process of accessing, organizing, and managing large amounts of data so it can be mined for business insights.
Maitlin Cramer, a principal at Grand Ventures, compares Astronomer’s technology to the plumbing in a house.
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