THE DATA INITIATIVE Announces Closing of Initial Funding Round

FOR IMMEDIATE RELEASE

PHOENIX, AZ – DECEMBER 18, 2018 – THE DATA INITIATIVE today announced the closing of a private seed investment round aimed at accelerating the early stage startup’s go-to-market strategy for January 2019. THE DATA INITIATIVE is a data and technology company initially offering expert built solutions to the financial crimes risk and compliance marketplace.

The seed investment round was led by three accredited private investors with decades of investment, business operations, ownership, and M&A experience. All three investors are eager to participate in the series A round as THE DATA INITIATIVE continues to move fast towards becoming a revenue generating high growth venture.

“We focused on a very specific raise and type of investor,” said Vic Maculaitis, founder of THE DATA INITIATIVE. “The confidence and vision alignment we found with our initial investors speaks volumes to the team we have assembled, the products we have built, and the value we have created for the marketplace we are offering solutions to”.

THE DATA INITIATIVE anticipates the release of initial data/software-as-a-service offerings in early January 2019. The initial offerings will include the ignitionX application and the 100 Series Money Laundering Data Pack (inclusive of six curated data products).

ABOUT THE DATA INITIATIVE

THE DATA INITIATIVE was founded in late 2017, and began product development in the spring of 2018. The data and technology company has quickly grown to a team of 20+ experts, data scientists, and engineers. The early stage startup is headquartered in downtown Phoenix, Arizona.

For more information about THE DATA INITIATIVE visit https://thedatainitiative.com.

MEDIA INQUIRIES:

Katelyn Preston
Marketing Director, New Angle Media
kpreston@newanglemedia.com | 602-840-5530 (x314)

ALL OTHER INQUIRIES:

Ty Smith
VP, BizDev, THE DATA INITIATIVE
ty@thedatainitiative.com | 330-242-8889

Vic Maculaitis
Founder, THE DATA INITIATIVE
vic@thedatainitiative.com | 480-909-8191

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