UVC Partners launches new €150 million fund

UVC Partners launches new €150 million fund

With the new fund, UVC Partners will support B2B start-ups with fresh capital while simultaneously providing access to ‘UnternehmerTUM’, Europe’s largest innovation centre at the Technical University of Munich.

Munich, Berlin, October – Following the success of its first two funds, UVC Partners has launched a new fund with a volume of €150 million.  With its third fund, which seamlessly continues to invest in outstanding European B2B start-ups, UVC Partners keeps up its successful strategy as the leading venture capital 3.0 investor.

Nationally and internationally, the venture capital industry has changed drastically during the last years. While the first VC funds focused primarily on financing issues, the second generation increasingly offered support in operational matters. But third-generation venture capital, of which UVC is one of the pioneers, is all about sustainable, partnership-based relationships with the founding team.

“Collectively, we are tackling major challenges such as setting up sales strategies as well as opening up our large network to top executives of the German economy,” says Johannes von Borries, Managing Partner at UVC Partners. “Since long sales cycles and high development costs complicate the market entry, the early access to innovation friendly customers is of particular importance for B2B start-ups”.

And this is precisely where UVC can use its unique advantage – the close partnershipwith UnternehmerTUM, Europe’s largest innovation and start-up centre at the TU Munich. With 150 corporate partners and more than 5000 students, UnternehmerTUM forms an important nucleus for Europe’s next generation of entrepreneurs.

“We are already accelerating more than 10% of all German tech start-ups and serve as a central and open innovation platform for future challenges of leading  SMEs and DAX-listed corporations,” says Prof. Dr. Helmut Schönenberger, Managing Partner at UVC and CEO of UnternehmerTUM. “Our team of 250 people continuously pushes innovation projects with start-ups and established companies. UVC Partners has access to this network’s strong abilities when it comes to implementation”.

With its first two funds, which, thanks to the financial return of UVC I ranking among the top ten percent of European VCs in the information and communication technology sector, UVC has a proven and financially very attractive model. “Through this success, we were able to attract new investors despite COVID-19,” says Dr. Ingo Potthof, Managing Partner at UVC.

The investor base of the new fund is highly diverse and ranges from successful start-up entrepreneurs, such as the FlixBus founders, to institutional investors, family offices, corporations and family businesses. Especially corporations’ profit from the financial returns as well as from access to the innovative products of the start-ups. UVC Partners’ successful concept is also praised by investors. “We have invested in UVC III because we expect a good financial return when it comes to our pension assets and see added value in working together with UVC Partners,” said Oliver Stratmann, Head of Treasury & Investor Relations at LANXESS AG.

With its new fund, UVC Partners invests in German and European start-ups in the fields of industrial technologies, B2B software and mobility. “Typically, we invest in Seed  or Series A rounds,” says Dr. Ingo Potthof. “In this stage our model offers the best support and we can remain an active partner throughout the entire life cycle”.

Johannes von Borries is absolutely convinced of the third fund’s high growth potential as well: “The deal flow in our sectors has been rising continuously and strongly for years. This proves the enormous demand for innovative hard- and software solutions in the B2B segment. We are confident that the next wave of Unicorns will emerge right here”.

 

About UVC Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5 – 4m initially and up to € 15m in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 240 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as Blickfeld, Carjump (Free2Move), FlixBus, KONUX, TWAICE and Vimcar.

www.uvcpartners.com

Junior Investment Analyst Program

We are looking for an outstanding individual to join our Junior Investment Analyst Programm (part-time)

Many people say venture capital is an apprenticeship business. While it might take years to learn the craft of venture, we want you to be ahead of the learning curve. Therefore, we are looking for a Junior Investment Analyst (part-time) to join our team and to complete a 10-month venture capital traineeship program (working student). You will get firsthand insights into the way successful startups are built and why and how venture capitalists invest in them.

THE ROLE:
We are looking for an outstanding individual to join us to work within our investment team. What you will do is at the core of the work for our fund. You will help us lead research into various technology and industry segments, keep our deal flow machine running, help to build solid foundations for investment decisions by supporting due diligence on potential investments, and be the first point of contact for founders. You will learn about new products, technologies, and which business models work or don’t work. We are providing you with a condensed apprenticeship program to learn the craft of venture capital at speed at the heart of Munich’s startup scene. After “graduation” you will have what it takes to start your career in venture capital, to start your own venture or to join an early-stage rocket ship. We have structured the program along the following modules:

  1. Deal sourcing
    • Great companies often come from unexpected sources – help us find new sources.
    • You will identify, contact and meet entrepreneurs we should get to know. You will help us find THE next big thing.
  2. Deal evaluation / due diligence
    • You will help us qualify the large deal flow we receive and allocate our time to the right opportunities. You will support the investment team in deal flow and business plan analyses.
    • You will perform technology & market research and competitor analyses as due diligence on potential investments.
    • You will participate in pitch meetings with founders.
  3. Investment process
    • You help with building a solid, data-driven basis for our investment decisions.
    • You will support in writing investment memos on potential investments.
    • You will support deal teams on executing financial transactions and help them in partnering with new startups.
    • Portfolio support.
    • You will support us in ongoing portfolio management, e.g. by helping prepare portfolio reporting.
    • You have the chance to drive own initiative on how to better serve our growing portfolio.
    • You will assist in exit preparations of portfolio companies.

OUR OFFER:

  • You will be part of the deal team of at least one new investment where you’ll get insights into the full investment process.
  • You will be paired with one senior member of our investment team (Partner) as mentor over the course of the program with regular 1-to-1 session.
  • You will have access to the UnternehmerTUM ecosystem and will meet all key stakeholders of programs such as Xpreneurs, TechFounders or the Initiative for Industrial Innovators to equip you with perspectives and contacts to leapfrog your startup career.
  • You will receive a competitive salary package and will have the flexibility to align your studies with our day-to-day operations.

YOUR PROFILE:

  • You find it easy to apply first-principles thinking and your strong analytical skills.
  • You have a high level of intellectual curiosity as well as a self-starter and growth mindset.
  • You are collaborative, empathetic and communicative. A true team player.
  • You are deeply passionate about startups, technology, and innovation.
  • Practical work experience in startups and/or venture capital, private equity or consulting is preferred.
  • You are currently studying an undergraduate or graduate degree with outstanding results at a top-tier university. We are open to all types of educational backgrounds (e.g. engineering, science, business, finance, etc.).
  • You possess strong written and oral communication skills in English, proficient German skills being a plus, but not a must.

LOGISTICS:

  • Workplace: Garching, Munich, Germany
  • Start date: 01.03.2020 or later
  • Duration: minimum of 10 months, part-time

HOW TO APPLY:
Please apply by uploading your CV, transcripts and a short blurb instead of a cover letter, in which you present 1.) a technology trend you are most passionate about and 2.) a startup we should invest in (given our investment focus), to the “Junior Investment Analyst Program” position here. 

 

About us:

Unternehmertum Venture Capital Partners (UVC Partners) is one of Europe’s leading early-stage venture capital firms. We invest at the seed and series A stage in B2B startups across Europe. We focus on enterprise software, mobility, and industrial technologies. We are HQ’ed in Munich at UnternehmerTUM, Europe’s leading entrepreneurship center, and have recently opened an office in Berlin. We are privileged to have partnered with founders of startups such as Flixbus, KONUX, Vimcar, Blickfeld, TWAICE, Capmo, i2x, and finn.

www.uvcpartners.com

The European Quantum Computing Startup Landscape

Almost exactly a year ago, in October 2019, Google researchers claimed to have attained a pivotal quantum computing milestone (i.e. quantum supremacy: the point where quantum computers can do things that classical computers cannot) for the first time in a paper published in Nature. Google’s 53-qubit quantum computer, named Sycamore, took 200 seconds to perform a calculation that would have taken the world’s fastest supercomputer 10,000 years.

In more recent weeks, more exciting news was coming out of the quantum research labs of several companies: IBM announced its updated quantum roadmap and predicted to have developed a 1,000-qubit machine by 2023 (IBM’s current quantum processor has 65 qubits). D-Wave revealed the launch of its new Advantage quantum computers based on a quantum annealing approach with over 5,000 qubits and made it available through its Leap cloud computing platform. Trapped-ion quantum computing startup IonQ claimed to have built the world’s most powerful quantum computer yet with 32 qubits. European quantum computing startup IQM published a quantum computing breakthrough in Nature after having developed an ultra-sensitive nanoscale bolometer that detects very faint microwave radiation which can be used to measure the energy of photons (and thus the state of a superconducting qubit) much more accurately.

In this article, I won’t dive into the fundamental quantum concepts such as decoherence, entanglement, superposition, or NISQ, but leave it to the experts to explain those concepts (a good primer on quantum computing can be found here). Instead, I will focus on the quantum computing startup activity in Europe and will answer the following questions: What are the recent developments in quantum science? What are the leading research institutes for quantum technologies across Europe? What does the current startup activity in quantum technologies look like? What different funding mechanisms are available for startups in the field? How do funding levels differ across categories and countries? What are the most attractive market segments from a VC point of view? Below is a summary of some of the findings.

fos4x acquisition

PolyTech acquires UVC Partners portfolio company fos4x

Munich, September 8th, 2020 – UVC Partners is happy to announce the successful acquisition of portfolio company fos4x by PolyTech.

fos4x is a Munich-based innovator in fiber optic sensor technology and data analytics for the wind power industry. The company’s success story began in 2010 as a TU Munich spin-off at the Chair of Measurement Systems and Sensor Technology. Based on the vision of making wind turbines more efficient, combined with the team’s excellence in R&D, UVC Partners, Bayern Kapital, and HTGF provided seed financing in 2012. EXTOREL and Equinor Ventures joined in later rounds. Today fos4X counts 100 employees in Germany and China and supports its customers in creating sustainable digital business models by enabling autonomous industrial plants based on its own sensor technology. Wind energy plants around the world use fos4X software and hardware products to optimize their operations.

Dr. Ingo Potthof, Managing Partner at UVC Partners said: “It has been a great experience to accompany fos4x as investor from R&D stage up to today, as the company has built a global business and became a category leader with further strong growth perspectives. Congratulations to this strong performance Lars Hoffmann, Alexander Michel, Bernhard Kopp, Bern Kuhnle, Fabian Zelenka, Markus Schmid, Robert Erdmann and the entire fos4x team. Thank you for having been part of this journey and all the best for the future.”

Lars Hoffman, CEO and founder of fos4x, said: “We are very grateful for the early trust and good support, even in difficult times, provided by UVC Partners and especially Ingo Potthof. His strategic advice was always very valuable and helped us find and defend our market positioning.”

PolyTech is a leading development, production and service company for the wind power industry. fos4X perfectly complements the core business of the buyer by enabling advanced turbine blade designs. Enhancing the blades through digital technology and data analysis will allow wind turbine operators to optimize operations and maintenance through intelligent use of real-time data. The acquisition of fos4X strengthens PolyTech’s expertise in precisely this area.

“As a founder, I could not wish for a better match. As part of PolyTech, our intelligent sensor and software solutions will be further developed and the fos4X vision of abundant clean energy will be driven even more strongly than before”, says Lars Hoffman, CEO fos4X.

 

About fos4X

Fos4X GmbH is a Munich-based innovator in fiber optic sensor technology and data analytics for the wind industry. The technology developed by fos4X utilize data-driven approaches such as machine learning to digitize and optimize existing and new wind turbines. The intelligent solutions are based on robust fiber optic rotor blade sensor technology.  Founded in 2010, fos4X has benefited from the innovative startup environment and high availability of skilled engineering talent in Munich to grow to a size of 100 employees.

 

About UVC Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5 – 4m initially and up to € 15m in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 240 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as Blickfeld, Carjump (Free2Move), FlixBus, KONUX, TWAICE and Vimcar.

www.uvcpartners.com

3YOURMIND closes new financing round

3YOURMIND closes Series A+ funding for further growth 

  • This investment will accelerate 3YOURMIND´s further growth by exploring new market opportunities to build smarter manufacturing infrastructures internationally

Munich, Germany, September 7th, 2020 –  Berlin-based 3D printing software startup 3YOURMIND has raised a €4,7 million Series A+ round led by EnBW New Ventures (ENV), along with existing investors UVC Partners, AM Ventures, TRUMPF Venture and coparion. This recent investment supports not only 3YOURMIND’s further growth in sectors such as aerospace, automotive, and engineering, but also strengthens its position in the energy industry and infrastructure maintenance. 3YOURMIND has secured contracts with over 50 enterprise customers in various industries helping them to print thousands of parts per day.

3YOURMIND’s proprietary Additive Manufacturing (AM) workflow software is the centerpiece for manufacturers to optimize their value chain and achieve up to 40% cost reduction as well as 18% shorter lead times. Agile manufacturing, which is defined by flexible, automated and distributive production, is possible with 3YOURMIND and will equip enterprises with the ability to redefine the next generation of manufacturing. Primarily used as a streamlined communication tool for many industries, this workflow software has become an integral part for those who are producing spare parts on-demand, efficiently replacing outdated machinery and transitioning to a digital warehouse. Although most 3YOURMIND customers are already heavy users of Additive Manufacturing, their tool also provides an ideal entry point for those that want to identify 3D printing use cases and understand the impact that agile manufacturing can provide to their business.

“The current macro situation forces companies to focus on supply chain resilience,” says Aleksander Ciszek, Co-Founder and CEO of 3YOURMIND. “Our customers benefit from the distributed manufacturing software we are providing as the increased flexibility in their supply networks secures and generates value. We are happy that ENV and our existing investors support that vision.”

This recent investment will strengthen 3YOURMIND’s development efforts to enter new markets and industries while bolstering marketing and sales internationally. With locations in Europe and the United States, 3YOURMIND will expand further into those regions and beyond.

“Even during these unprecedented times, we expect to double our annual sales for the third straight year,” elaborates Stephan Kühr, 3YOURMIND CEO in charge of revenue and growth. “This investment by ENV and our existing investors UVC Partners, AM Ventures, TRUMPF Venture and coparion will enable us to strengthen our expansion efforts in Europe and North America.”

EnBW, similar to other energy providers, operates power plants of different types and age, as well as an extensive infrastructure for delivery. To supply their six million customers and to remain operational they must find efficient ways to maintain outdated equipment. Additive manufacturing has proven to be a viable solution.

About 3YOURMIND

3YOURMIND offers Enterprise Software to automate additive manufacturing processes and workflows for leading companies and 3D printing services. Their modularized product suite standardizes every aspect of the Additive Manufacturing supply chain from analyzing historical part data to efficient order management to optimal production scheduling. The Agile PLM analyzes historical part data to build a digital inventory of AM-ready parts. The Agile ERP automates AM pricing, production recommendations and routine business processes for order management. The Agile MES optimizes scheduling, transparency and quality assurance tracking along the AM production chain.  With end-to-end transparency, traceability and flexibility, the software lays the foundation for Agile Manufacturing. 3YOURMIND is a global organization with headquarters in Berlin, Germany and satellite offices throughout Europe and the United States.

www.3yourmind.com

About UVC Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of enterprise software, industrial technologies, and mobility. The fund typically invests between € 0.5 – 4m initially and up to € 15m in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 240 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as Blickfeld, Carjump (Free2Move), FlixBus, KONUX, TWAICE and Vimcar.

www.uvcpartners.com

Unternehmertum Venture Capital Partners invests in Hypatos

10 million Euro financing round for deep learning company Hypatos 

The Berlin-based deep learning company Hypatos announces the closing of a € 10 million financing round. The round was led by UVC Partners, Blackfin Tech and Grazia Equity, with further investments coming from Plug & Play Ventures as well as existing investors.

Most back-office tasks still rely heavily on people and paper, generating annual costs of more than €2 trillion. Besides being costly, manual data processing is slow, error-prone, and mind-numbing. Hypatos offers machine learning technology to automate document-based processes such as invoice processing, travel and expense management, loan application validation, and insurance claims handling. Hypatos’ deep learning technology provides a high degree of automation compared to other process automation solutions. The company combines the latest language processing AI and computer vision technology with its training dataset of more than 10 million annotated data entities. This combination enables an in-depth understanding of document content and provides clients with end-to-end automation for document classification, information capturing, content validation, and data enrichment.

“We believe that we are in a pivotal moment of machine learning adoption in large organizations. Hypatos’ technology provides ample opportunity to transform many core business processes. We’re impressed by the Hypatos machine learning technology and see the team in a perfect position to take a leading role in the machine learning revolution to come.”, comments Andreas Unseld, partner at UVC Partners.

The AI company intends to use the funding for increasing its portfolio of machine learning models and become the standard for fully automated back office document processing for a wide variety of documents. The company will continue to grow in Europe and expand into North American and Asian markets.

 

About Hypatos

Hypatos (www.hypatos.ai) is an AI company that specializes on automating high-volume document-based back-office processes with its proprietary deep learning technology. The company was founded in 2018 by Uli Erxleben and Janosch Novak as a technology spin-out of A/P automation and workflow company SMACC GmbH. Based in Berlin and Potsdam, Germany, and Warsaw, Poland Hypatos employs a team of 40 international staff and serves enterprise clients and software companies from Europe, North America, Asia, and the Middle East.

 

About UVC Partners:

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 3m initially and up to € 12m in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as FlixBus, Carjump (Free2Move), KONUX, Blickfeld, 3YOURMIND and Vimcar.

www.uvcpartners.com

DyeMansion closes new financing round

3D-printing company DyeMansion raises € 12 million to drive the transformation of manufacturing

 

Munich, August 5th, 2020 – Munich-based 3D-printing company DyeMansion secured a €12 million Series B round led by Nordic Alpha Partners with the participation of initial backers UVC Partners, btov and AM Ventures. The new funds will be used to further accelerate the automation in 3D-printing process chains and to strengthen the international presence of the company.

To make 3D-printed products a part of our everyday life, there are still some challenges to overcome. The industrial and automated post-processing of 3D-printed parts is one of the key drivers on this journey. With its unique three-step Print-to-Product workflow, DyeMansion helps users of industrial 3D-printing to turn their raw plastic parts into high-value products. From perfect fit eyewear to personalized car interiors or tailor-made orthotics. Its high-end post-processing equipment is used by over 600 customers worldwide including companies like BMW, Daimler, Under Armour, or Jabil. With 46 production and sales partners worldwide, DyeMansion has recently launched the world’s largest post-processing platform for industrial 3D-printing and is leading post-processing in terms of finishing quality, automation and industrialization. 

“We are super happy to have Nordic Alpha Partners on board for our growth journey. They are a perfect fit for the current phase we are in with DyeMansion. Their unique approach and expertise will help us to further strengthen our position as a global industrial leader. It makes us proud that all our existing investors are continuing with their support as well. This will help us and our customers worldwide to drive the transformation of manufacturing to digital production and the factory of the future.”, tells Felix, CEO & co-founder of DyeMansion.

 

About DyeMansion:

DyeMansion is the global leader in Additive Manufacturing finishing systems that turn 3D-printed raw parts into high-value products. From perfect fit eyewear to personalized car interiors, our technology makes 3D-printed products become a part of our everyday life. Starting in 2015 with the first industrial coloring solution for powder bed fusion parts, we extended our portfolio with advanced part cleaning and surfacing solutions for a wider range of 3D-printing technologies in the field of plastics. Today, our Print-to-Product workflow combines industry-leading hardware with the widest range of color options on the market. Our Industry 4.0 ready systems can be integrated seamlessly into your production. The ability to provide a flexible solution for both small batches and high volumes makes us a trusted partner for your future factories. Through close collaboration with our customers across all industries, our technology and expertise continuously grow with the market. Reduced cost per part, unmatched quality, and high sustainability are core values that drive each and every innovation we develop. In addition to these principles, finding the right finish for every application is what drives us. 

Website: www.dyemansion.com

 

About UVC Partners:

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 4m initially and up to € 15m in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 240 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as Blickfeld, Carjump (Free2Move), FlixBus, KONUX, TWAICE and Vimcar.

www.uvcpartners.com

TWAICE closes new financing round

TWAICE raises €11 million Series A to power further growth

  • €11 million for the Munich-based battery specialist from early-stage VC investor Creandum and existing investors Cherry Ventures, UVC Partners and Speedinvest
  • In just under two years, TWAICE has grown from a university research project into the top battery analytics software, attracting a diverse and global customer base
  • Funding will be used to further scale TWAICE software and power internationalization efforts to contribute to the availability of sustainable mobility and energy solutions

Munich, March 25th, 2020 – Munich-based battery analytics software company TWAICE has raised an €11 million Series A round led by venture capital firm Creandum. Cherry Ventures and initial backers UVC Partners and Speedinvest already invested €3.2 million as part of an earlier seed round. “We are very happy to have Creandum, an internationally recognized investor, onboard now,” said Michael Baumann, Managing Director and Co-Founder of TWAICE. “They share our vision of an analytics platform for e-mobility and renewable energies.”

TWAICE’s software creates a unique “digital twin” of battery systems. It can be used to make precise analyses and predictions about the “health” of each energy storage device. By using field data in combination with physical and data-driven battery models, TWAICE closes the loop between product development and application. But, even more so, the software also allows for new opportunities such as predictive maintenance and warranty extension. Operational failures can be detected — and prevented — in real-time.

The trend towards more comprehensive electrical strategies by major mobility and energy players is driving TWAICE’s success. Due to increasing pollution regulation, manufacturers have put greater emphasis on developing electric, emissions-free vehicles and, as a result, efficient batteries. The increasing popularity of lithium-ion batteries on the energy market is also accelerating the Munich-based company. Stationary storage units, for example, are used to avoid increased grid fees or to stabilize the grid. However, due to their cost and complexity, batteries are especially challenging regarding significant test scopes during development, a lack of transparency about their condition, and remaining lifetime during operation.

“The market is rewarding us for our mission to build the leading global team for battery analysis,” said Dr. Stephan Rohr, Managing Director and Co-Founder of TWAICE. In recent years, the company has established itself as the market leader for battery analytics and has won leading customers from the automotive industry to truck manufacturers and power tool suppliers. The combination of in-depth battery knowledge, a scalable cloud platform, and machine learning is unique.

The customer portfolio of TWAICE mainly consists of two sectors: energy and mobility. Energy companies use the software primarily for stationary energy storage systems. In the mobility sector, TWAICE enables manufacturers and fleet operators to improve both the development and use of lithium-ion batteries as well as to extend the batteries’ service life. The TWAICE software provides customers with more precise information about the processes taking place in the batteries during use. This way, operators of electric vehicle fleets, for example, can reduce their 5 operating costs through predictive maintenance and achieve an increase in battery life of up to 25 percent.

 

About TAICE:

TWAICE offers predictive analytics software that optimizes both the development and operation of lithium-ion batteries. TWAICE’s core technology is the digital twin – a software that uses artificial intelligence to determine the condition and predict the ageing and performance of batteries. It enables complex battery systems to become more efficient, sustainable and reliable. TWAICE was founded in 2018 after four years of research at the Technical University of Munich. In less than two years, TWAICE has grown from a university research project into the leading battery analytics software for global players in the mobility and energy sectors.

www.twaice.com

About UVC Partners:

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 3m initially and up to € 12m in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as FlixBus, Carjump (Free2Move), KONUX, Blickfeld, 3YOURMIND, and Vimcar.

www.uvcpartners.com

Blickfeld closes new financing round

LiDAR start-up Blickfeld announces Series A financing round with participation of Continental AG and Wachstumsfonds Bayern

Munich, March 20th, 2020 – Munich-based LiDAR start-up Blickfeld has completed its Series A financing round. The new financing was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with participation of the existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, TEV (Tengelmann Ventures) and Unternehmertum Venture Capital Partners. Blickfeld will use the new financial resources to ramp up production, qualify its LiDAR sensors for the automotive market and strengthen the application development and sales teams for industrial markets.

Blickfeld develops and produces LiDAR (Light Detection and Ranging) sensors and software for environmental detection. The solid-state sensor developed by Blickfeld delivers high-resolution, three-dimensional environmental data and stands out due to its high performance even in adverse environmental conditions and its small size. Blickfeld’s patented technology is particularly advantageous in terms of its industrialization capability and enables highly automated production of the devices, allowing the company to meet the needs of the automotive mass market. The sensors are used in autonomous driving as well as in smart cities, industrial applications and security solutions.

The series A funding enables Blickfeld to ramp up production. “The safety of autonomous vehicles is based on LiDAR sensor technology. We see Blickfeld in a unique position here, as our technology stands out due to its mass market capability,” says Blickfeld co-founder Florian Petit. “But the mobility sector is not the only area of application for our LiDAR sensors and recognition software: Numerous other successful customer projects in logistics, smart cities or the security sector confirm our approach, as does the financial commitment of the venture capital unit of Continental, Bayern Kapital and our previous investors. We are now looking forward to taking the next steps into series production.”

The start-up Blickfeld, founded by Dr. Mathias Müller, Dr. sc. Florian Petit and Rolf Wojtech, has grown to a team of now over 100 people since it was founded three years ago. Over the next few months, in particular the application development and sales teams will be further expanded so that the company can increasingly pursue potential in industrial applications in addition to the automotive market. In the coming months, the Blickfeld team will also concentrate on qualifying the LiDAR sensor’s core components for the automotive market and further expanding production.

 

About Blickfeld:

Founded in 2017 and based in Munich, Germany, Blickfeld provides cutting-edge LiDAR sensors and perception software, enabling countless mobility and IoT applications. The Blickfeld LiDAR products meet extremely demanding technical specifications with regard to the performance, cost and dimensions required for the mass market.

Blickfeld is backed by Continental AG, as well as venture capital investors including Bayern Kapital, Fluxunit (the corporate venture arm of lighting company Osram), High-Tech Gründerfonds, Tengelmann Ventures, and Unternehmertum Venture Capital Partners.

https://www.blickfeld.com/

 

About UVC Partners:

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 3m initially and up to € 12m in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as FlixBus, Carjump (Free2Move), KONUX, Blickfeld, 3YOURMIND and Vimcar.

www.uvcpartners.com

Orpheus acquisition

McKinsey acquires UVC Partners portfolio company Orpheus   

Munich, 6 February 2020 UVC Partners is happy to announce the successful acquisition of portfolio company Orpheus by McKinsey & Company. Orpheus is a pioneer in the procurement software space with its specialized spend analytics and savings management solution. UVC Partners provided the company with an initial seed investment in 2012. Back then, the procurement software market was still rather a niche market mainly consisting of administrative and operational systems but was completely lacking analytical and data-driven solutions. The Orpheus team developed a powerful procurement performance management suite and was an early mover in including AI into its product to automate data classification and predictive analytics.

Based in Nuremberg, and today with a strong customer base across industry sectors, Orpheus has a reputation for delivering quality and value in automated data extraction, AI-enabled spend categorization, and spend and category prescriptive and predictive analytics, including software agents (BOTs) and procurement impact tracking.

Dr. Ingo Potthof, Managing Partner at UVC Partners said:

“Based on its solid technology and deep domain expertise the team has been consistently winning one blue-chip customer after the other to become a real category leader. They built a profitable growth company by hardly burning cash and by doing so creating a strong return for us as investor.

Congratulations on this impressive achievement: Jörg Dittrich, Michael Lauer, Christian Ruck, Jörg Mengeler, Marco Pachovsky, Matthias Schumann and the full Orpheus team. Thank you for having been part of this journey and good luck for the future.”

With this acquisition, McKinsey intends to establish a new service that will enable spend transparency, spend and cost analytics, and value capture management. The offering is a combination of Orpheus’ advanced platform technology and McKinsey’s industry expertise and content-rich services in digital procurement.

Jörg Dittrich, Founder, and CEO of Orpheus said: “We really want to thank UVC Partners and especially Ingo for the comprehensive support in developing Orpheus from an idea to an established software company through all stages and challenges of a startup over the years. This expertise was also extremely valuable guiding us founders through this acquisition process.”

Now, we’re excited about joining forces with McKinsey. Together we can create a much richer solution and service offering that – with a single focus on driving impact for clients – is truly something new and differentiated in the space.”

 

About Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 3m initially and up to € 12m in total per company.

Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 240 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as Blickfeld, Carjump (Free2Move), FlixBus, KONUX, TWAICE and Vimcar.