We have advised Devo in its financing round led by Insight Venture Partners, and in which Kibo Ventures also participated
Devo (formerly Logtrust) managed to close a financing round of $ 35M (about € 29.8M), led by Insight Venture Partners. In addition to the North American venture capital, Kibo Ventures and Atlantic Bridge Capital also participated in the capital increase. Across Legal was Devo’s advisor throughout the entire process.
Since the beginning of 2017, they have managed to chain three large investment rounds that have allowed them to raise $ 71 million, with which they intend to overshadow their main competitor, a North American company listed on the Stock Exchange.
Devo provides an easy-to-use Big Data analytics platform that requires no development and operations resources to maintain. The speed of real-time and historical data analysis remains completely constant, regardless of the rate of consumption or the amount of data collected. In this way, the firm offers companies in the financial services, telecommunications and cybersecurity sectors, among others, a platform through which its clients can quickly extract useful information, something that would mean months or millions of dollars with other tools of Open Source.