ZGI Capital growth fund ZGI-4 has invested a half million euros in the data technology company RoyaltyRange, which has presence in a number of countries. This is the fund's first investment in Lithuania, made together with other Baltic and Finnish investors.
RoyaltyRange is known for high quality data and specialized tax and transfer pricing tools that are used by international companies and organizations in more than 70 countries already. In addition to existing products RoyaltyRange is developing a new major database product.
The target global market for data is worth billions of euros. RoyaltyRange's ambition is to offer customers an innovative and easily configurable platform through state-of-the-art IT infrastructure that uses automatic data collection tools. Investments from ZGI-4 and other funds will help to launch this product on global scale.
Krisjanis Rullis, Investment Director of ZGI Capital:
"We are pleased to support RoyaltyRange and its international team of experts that have managed to create an easy-to-use platform for complex information and data products. With the new database product, the company has taken another step forward basing it on data automatization and robotic algorithms. It may take years for competitors to reach this level of product development, so this is the right time to support the launch and global sales.”
Kestutis Rudzika, RoyaltyRange, Director: “RoyaltyRange is working with the technology which is hard to execute and embraced an engineering challenge which is tough enough to give RoyaltyRange an edge. We are excited to work with ZGI and other funds to pursue our vision and deliver a lot of value to our customers.”