Ukrainian venture fund Roosh Ventures has invested in GlassFlow. GlassFlow is a German startup which is developing a data management platform. With other investors including High-Tech Gründerfonds, Robin Capital, TinyVC, angel investors Thomas Domke (CEO of GitHub), and Heikki Nousiainen (co-founder of the open-source data platform Aiven), the startup raised $1.1 million in the pre-seed round.
The new investment was announced on Facebook by Serhiy Tokarev, an IT entrepreneur, investor, and co-founder of the technology company ROOSH, which includes Roosh Ventures in its ecosystem,.
“The startup’s idea itself is complex but promising because the current market for stream data analytics exceeds $15 billion, and by 2026, this figure is expected to surpass $50 billion. We anticipate that GlassFlow will soon become a key player in this market,” shared Serhiy Tokarev.
GlassFlow was founded in 2023 in Berlin by Armend Avdijaj and Ashish Bagri, who have over 10 years of experience in real-time data processing. The startup develops solutions that allow Python engineers to easily create and modify pipelines, sequential stages of data processing. The GlassFlow team maintains constant communication with IT professionals, considering their feedback to improve the platform.
As Roosh Ventures notes, the data streaming market is rapidly evolving today. Big Data, the Internet of Things, and AI generate continuous streams of data but companies currently lack the infrastructure development experience to leverage this effectively. Building and managing pipelines require significant efforts in engineering and data analysis, hindering the quick adaptation of programs to engineers’ needs. Currently, developers use complex systems that require substantial time for maintenance. GlassFlow addresses this issue by consolidating sophisticated tools into a single user-friendly platform.
“Our vision is a world where data processing engineers, regardless of their experience and education, can easily harness the capabilities of data streaming to drive innovation and growth. By simplifying data infrastructure and fostering the development of an ecosystem based on real data, GlassFlow aims to be a catalyst for this transformation,” emphasized Armend Avdijaj, CEO of GlassFlow.
Roosh Ventures is a Ukrainian venture capital fund invests in startups at various stages, from pre-seed to Series A, across various industries. Over the last three years, the fund has been most active in the AI, fintech, gaming, and health tech sectors. Roosh Ventures co-invests in promising tech companies with renowned global funds and focuses on the EU and US markets. The fund has already invested in well-known startups like Deel, TheGuarantors, Oura, Pipe, Alma, Playco, Dapper Labs, Alter, and more than 35 other companies.
In September 2023, Roosh Ventures invested in Rollstack, a startup that developed an innovative solution that automatically creates and updates presentations, financial reports, business overviews, and other documents. The fund is part of the Roosh technology ecosystem, providing portfolio companies with support in integrating and implementing AI/ML technologies, talent recruitment, and business development.