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Zurich-based Turicode raises Euros 2 million

Zurich: Winterthur based Document processing startup turicode has secured Euros 2 million during a seed investment round to fund the company’s growth plans.

Swiss Startup Group, SeedX, BackBone Ventures, Gentian Investments and experienced business angels participated in the financing round.. turicode is a Software-as-a-Service provider in the field of document processing solutions based on machine learning and deep learning.

turicode’s software MINT.extract helps companies and their employees to digitise document-intensive business processes. Founded in 2016, the Winterthur-based tech startup has developed a software technology that reads and understands documents such as PDFs, scans or emails like humans do.

“After bootstrapping turicode to a company with 20 employees and building up a trusted customer base, we achieved a level where customers are able to save costs and time instantly. The focus is therefore now on accelerating growth. Hence, we will use the funds for market expansion and further invest into product development and customer success,” said Martin Keller, Founder & CEO, turicode.
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