Eziil announced raising €1.2 million in grants and equity.

Eziil, a Viljandi, Estonia-based SAAS developer for production and manufacturing companies, announced securing investment funds totalling €350k ($412k).

The money was raised from Lemonade Stand, Thorgate Ventures, as well as from local angel investors Martin Henk and Taavi Tamkivi. The deal is part of a larger round of €1.2M including grants and other non-equity instruments, received from financial providers such as the Estonian state economic development agency, Enterprise Estonia.

Eziil, founded in 2016 by CEO Maido Janke, aims to stop inefficiencies in the manufacturing space by automating and visualizing big data. The company developed a SAAAS for production management useful for factories that are looking to increase efficiency through better cooperation of work processes. The software helps automating work processes, like sales, inventory management, and planning of work orders, and visualizing a real-time production overview