Data start-up Meeco secures $6.2m in seed funding
Data and identity start-up Meeco has raised $6.2 million in seed funding comprised of cash, intellectual property and assets.
Meeco is using the injection to acquire compatriot SVX Group, which provides secured data storage for individuals and businesses.
The SVX technology platform focuses on accounting, wealth management, business advisory, and banking segments, which Meeco says is complimentary with its personal data focus.
The new combined firm has a team of 20 across Australia and Belgium and will be led by Meeco founder and CEO Katryna Dow.
“We’re committed to enabling greater customer participation in the digital market,” says Dow.
Founded in August 2012, Meeco was first part of the Australian AVRO Accelerator, which injected investment into the firm at the beginning of 2013.