Osborne Clarke advises paretos on Series A funding round of EUR 8.5 million

Osborne Clarke has advised the Heidelberg-based AI start-up paretos on its successful Series A funding round of EUR 8.5 million. The funding round was led by Acton Capital, with participation from existing investors including UVC Partners, LEA Partners and Interface Capital, as well as other angel investors.

paretos is the leading AI-based decision intelligence platform for data-driven decision-making processes. It enables companies to quickly and reliably analyse complex data, generate optimised forecasts and decision suggestions, and derive actions – thanks to a clear no-code user interface and simple integration solutions into customers' existing systems, all without the need for additional data science resources. paretos was founded in mid-2020 by Fabian Rang and Thorsten Heilig and supports companies such as HelloFresh, Edeka, Armed Angels, Faller Packaging, and the Otto Group in maximising their business potential.

Now, paretos has successfully completed its Series A funding round of EUR 8.5 million, further solidifying its position as a leading provider in this sector. “Our platform usually delivers an ROI of over 100% in the first year and generates business impact worth millions. With the support of our investors, we aim to further expand our technological lead,” says Thorsten Heilig, Co-Founder and CEO of paretos. The fresh funds will be used to expand the team and advance technological development.

The Osborne Clarke team that advised paretos, led by Fabian Mimberg and under the Partner responsibility from Nicolas Gabrysch, consisted of Benedikt Hülsmann (all Corporate / VC) and Dr Jens Wrede (Tax).