Sqill, a Portuguese startup specializing in innovative solutions for the tech industry, has recently closed a successful seed investment round, raising an impressive €2 million. The funding was led by GED Ventures Portugal, a prominent venture capital firm known for supporting cutting-edge startups in the country.
With this significant investment, Sqill is now strategically positioned to expand its presence in the United States. The company plans to establish a new office in Austin, Texas, and increase its workforce to better cater to the growing demand for its services.
Afonso Coimbra, Co-founder, and CEO of Sqill, expressed his excitement and gratitude for the investment. He stated that the funding is not only a validation of Sqill’s hard work but also an acknowledgment of the immense potential that lies ahead for the company. Coimbra further emphasized Sqill’s commitment to addressing the challenges faced by its clients and providing them with exceptional solutions.
By venturing into the US market, Sqill aims to tap into a larger customer base and strengthen its global footprint. The expansion into Austin, a thriving tech hub, offers immense opportunities for collaboration and growth. Sqill’s innovative products and services are expected to resonate well with the tech-savvy US market, further fueling the company’s success.
The seed funding round has not only provided Sqill with the necessary financial backing but has also bolstered its reputation and market positioning. As the company embarks on this exciting new chapter, it is poised to make a significant impact in the US tech industry through its innovative approach and dedication to helping clients overcome challenges with tailored solutions.