Brandl Talos has advised Austrian start-up Fretello on its EUR 3 million seed financing round.
"In addition to the existing investors, which include Runtastic co-founder Alfred Luger, HightechFonds, and Pioneers Ventures, the Finnish VC fund Sparkmind, Tractive co-founders Michael Tschernuth and Michael Lettner, and other investors also participated in the new financing round," Brandl Talos informed.
Fretello is a Linz-based educational technology start-up operating as a digital guitar learning app. The start-up can be used on a smartphone, tablet, or computer, and uses artificial intelligence and augmented reality to analyze aspects such as pitch, tempo, and playing technique.
"It’s always a roller coaster ride, even if you can show excellent growth and very good key performance indicators like Fretello," Fretello Co-Founder Florian Lettner commented. "That’s why it is even more important to have reliable and experienced business angels on board who will have your back when unexpected things come up. After an exciting year, we are very happy now. We expect valuable strategic support for further growth from the entry of Sparkmind and the European Super Angels Club."
The Brandl Talos team included Partner Markus Arzt, Attorney-at-Law Adrian Zuschmann, and Associate Elena Ciresa.