whats known and unknown

Cloutex Closes $600K Seed To Grow Its Cloud Services Syncing System For Small Businesses

on January 16, 2014


Estonian startup Cloutex has closed a $600,000 seed round from United Partners, SmartCap and EstBan business angels. Former Skype Estonia General Manager and angel investor, Tiit Paananen, is also part of the round.

The startup had previously raised a small pre-seed from business angels Riivo Anton and Gerri Kodres and Startup Wise Guys, bringing its total funding to-date to $700,000 a year after launch.

Cloutex launched its service in Spring 2013 and says it currently has “hundreds” of customers.

The startup has built what it calls a “cloud integration hub” software service offering. The service allows small and medium-sized businesses (SMEs) to link and bi-directionally sync their usage of multiple third party cloud-based software services, such as e-marketing, CRM and accounting tools like Salesforce.com, Quickbooks Online and Magento.

The idea is to cut down on the legwork SMEs have to do to keep customer data up-to-date across multiple systems — so instead of having…

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