LogicFlow Completes CHF 0.5 million Round
January 8, 2021 at 12:02 am,
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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.
Contact Information
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.
