Estonian startup LiTech raised 500K from Estonian investors

Estonian startup LiTech raised 500K from Estonian investors, one of them being the company adviser, engineering manager at Lithuanian marketplace of second-hand clothes Vinted, and business angel Gert Lõhmus. The names of other investors are undisclosed.

LiTech develops a data quality management tool that allows companies to detect, monitor, and improve data quality for errors and anomalies in data. The startup's solution helps identify critical errors in data before they will start to affect the company or its processes. Currently, LiTech is developing a cloud-based platform for its application to increase the market and offer its service to new customer segments. LiTech will use the investment to enter Nordic and Baltic markets and to develop the application further. 

LiTech was founded by entrepreneurs Raiko Limmart and Markus Põldmäe in 2019. The startup works with Estonian state and financial institutions, such as the Centre of Registers and Information Systems, telecom operator Telia, and several other companies.