Valutico, an all-in-one web-based valuation platform, closed its first financing round with outside investors that, along with existing investors, totals in the mid 7-figures, the company announced. It received investments from venture capital firms PUSH Ventures and aws Gründerfonds. Also participating in the round is banking firm Erste Group, based in Vienna, which will partner with Valutico to deploy the platform through its organization.

This platform is not a simple calculator. A short video shows how it handles a private company valuation—performing a qualitative analysis, automatically selecting market comps, pulling suggested transactions, estimating cost of capital, and creating reports. The platform also does public company valuations. Future upgrades include impairment testing and integrating ESG factors into a valuation.

ASA discount: Members of the American Society of Appraisers can get a 15% subscription discount to Valutico, the organization just announced. ASA members get the discount when subscribing for 12 months plus an additional discount for multi-year subscriptions.

Valutico, launched in 2017, has a team of 60 employees based in Vienna with subsidiaries in the US and UK. The company says it currently has around 600 clients in over 85 countries.