Alabama Futures Fund invests in Datacy consumer data platform


The consumer data platform Datacy will move its headquarters from Dayton, Tennessee, to Birmingham after an investment from Alabama Future Fund.

Datacy says its platform allows businesses to collect data from participating consumers, with those consumers getting paid for data they give away for free on other apps. The company says Datacy is “the first data marketplace that allows consumers to sell their data to third parties and receive cash payments for access to their user data.”

“We’re excited to work with AFF to give users more power and financial ownership over their data, and we can’t wait to show the world the incredible platform we’re building,” said Paroma Indilo, founder and CEO of Datacy. “We see a lot of opportunities to grow Datacy in Birmingham and are excited to build great relationships throughout the city and its start-up

The Datacy funding is the 10th from AFF, which was launched in 2018 to provide seed and early-stage investments in Alabama-based operating companies and companies that are willing to relocate to Alabama.

- Sponsor -

The latest Alabama business news delivered to your inbox