LogicFlow Completes CHF 0.5 million Round
Zurich, January 8th, 2021 – LogicFlow AG, a start-up founded in 2020 announced today the closing of its CHF 0.5 million pre-seed round from Swiss Angel investors and Venture Kick for its one-of-a-kind code migration technology. LogicFlow is a Zurich-based startup driving automation in the software development industry. With the funding, LogicFlow will further develop and scale its leading software code translation and generation technology.
LogicFlow developed a first of its kind automation system for software migration,
enabling corporations to modernize faster and at a significantly lower cost.
Modernization is a major challenge for IT departments, as organizations evolve,
they suffer from decreasing productivity due to the technical debt in their
legacy systems. With the LogicFlow technology, repetitive code migration tasks
are automated, helping companies to migrate, modernize, standardize, and test
their IT systems at a fraction of the conventional time, cost, and risk.
In June of 2020, LogicFlow AG has already won 150’000 CHF from Venture Kick
Stage 3 for their unique software migration technology. LogicFlow is already
catering its software migration and testing capabilities to one of the major
Swiss banks, migrating over 100’000 lines of code at a record pace. The support
of Venture Kick has been decisive in shaping and bringing our offering to the
market.
| Scientific advisor Prof. Fleisch shared his excitement over LogicFlow and their upcoming success: “I am proud to support LogicFlow since the very beginning. The team around Lucas Fiévet creates the code migration of tomorrow – a toolbox that every company in the digital space needs.” |
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LogicFlow is dedicated to driving forward automation in software development. “We are grateful to our investors for their great support and confidence in LogicFlow,” |
With the pre-seed funding, LogicFlow will further develop its migration system
and expand its presence in the migration market. Further on, LogicFlow is
extending its technology to launch a plugin that will enable software developers
with smarter autocompletion to reduce development time and bugs.
For further information visit our
website
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Contact Information
LogicFlow AG
Lucas Fievet – CEO & Founder
Email:
[email protected]
Tel: +41 76 513 09 96
About LogicFlow
LogicFlow was launched in 2020 with the mission to drive automation in software
development that enables its customers to modernize their IT faster and focus
more on innovation. The technology behind LogicFlow has been developed since
2016 and is now delivering production-ready migration results for large corporations.
LogicFlow is a leading expert, both on the technology to automate software
development, as well as on the execution of large-scale software migration
and development projects.
About Venture Kick
The philanthropic initiative Venture Kick provides up to CHF 150,000 in seed funding to Swiss startups. In addition, it offers a well-structured entrepreneurial path towards building a winning business. Startups pitch to expert juries at three stages to obtain funding, gaining direct feedback and access to an international network of successful entrepreneurs and investors.
Since its launch in 2007, Venture Kick has supported 675 Swiss startup projects with 29.25 million francs. The program of financial support, training and network, has led to the creation of 519 companies and 6,967 jobs. Venture Kick alumni companies have attracted a total of 3.5 billion francs, and represent 54 companies ranked in the TOP 100 Swiss Startups 2019.
In 2020, Venture Kick will pay out 5 million francs to idea-stage startup projects to bring Swiss science to global markets. More information in the Venture Kick annual report.
The Venture Kick Foundation is supported by Gebert Rüf Stiftung, Ernst Göhner Stiftung, Hauser-Stiftung, André Hoffmann, Hansjörg Wyss, Martin Haefner, Igor Fisch, Fondation Pro Techno, ESA BIC Switzerland, Engagement Migros and Swisscom.
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