Prediki Prediction Raises $650K Seed Round From Austrain Bank

Prediki Prediction Services GmbH said it raised a seed round of $650,000 from Austria Wirtschaftsservice GmbH, Austria’s federal development bank funded by the Ministry of Economics’ JITU initiative.

PRESS RELEASE

Stealth Prediction Services Company, Prediki Announces $650K USD in Seed Financing

Funding to be used to round off platform functionality, for predictive calibrations, 
and to drive initial traction of English and German language versions of Prediki

VIENNA, AUSTRIA – NOVEMBER 30, 2012 –  Prediki Prediction Services GmbH (http://www.prediki.com), today announced the closing of a seed financing round of $650K USD (€500K) from Austria’s Federal Promotion Bank, Austria Wirtschaftsservice GmbH (AWS), which is funded by the Ministry of Economics’ JITU initiative.

Prediki’s core product is its innovative platform for collaborative predictions and analysis for future questions of all kinds. The Company is currently operating in stealth mode, and is accessible to selected customers and contributors on an invitation-only basis.

“Everyday, decision makers in companies, organizations, and governments are faced with uncertainty, bias, conflicting assumptions and outright misinformation about the future. Prediki’s patent-pending collaborative technology can unveil information about the future where traditional market research and opinion survey instruments have proven unreliable or inapplicable,” said Hubertus Hofkirchner, CEO of Prediki. “We are proud that AWS has chosen Prediki for its prestigious and highly competitive Seed Financing Program.”
The seed round funding will be applied to round off the platform’s functionality, for predictive calibrations, and to drive initial traction of Prediki’s English and German language versions. The public launch of Prediki is scheduled for Q1 2013.

ABOUT PREDIKI
Prediki is the expert platform for collaborative predictions and analysis for future questions of all kinds. For more information: http://www.prediki.com.

ABOUT AUSTRIA WIRTSCHAFTSSERVICE GMBH (AWS)
Austria Wirtschaftsservice GmbH is the Austrian federal government´s promotional bank. For more information: www.awsg.at.

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