The German Autonomous Driving Startup Landscape

We at UVC Partners recently teamed up with appliedAI – the Initiative for Applied Artificial Intelligence –  and the Digital Hub Mobility to examine the German autonomous driving startup landscape. We’ve identified over 70 startups by using data sources such as Crunchbase and Tracxn, and own research.

Our methodology separates the autonomous driving landscape in two main categories: “Autonomous Driving System Startups” and “Ecosystem Startups”. The former category encompasses startups that directly enable semi or fully autonomous vehicles while the latter entails startups working on customer applications and supporting mobility infrastructure solutions. Moreover, the following subcategories were used:

Data & Simulation: Image annotation and segmentation, training data-as-a-service and simulation tools provide the data needed to train self-driving systems. The more data and the more different driving situations available, the safer the autonomous vehicle will be.

Sensing: Sensors help the vehicle to perceive its surrounding and thus to navigate safely in it. Autonomous vehicles are equipped with a range of sensors such as radar, LiDAR (light detection and ranging), ultrasound and cameras.

ADAS: Advanced driver assistance systems (ADAS) aim at augmenting the driver’s capabilities to improve safety and increase driving comfort. Typical features include automatic braking, adaptive cruise control and lane departure warnings. Some auto OEMs see advancements in ADAS technology as a gradual path toward fully autonomous driving.

Localization & Mapping: High-definition maps are a crucial ingredient for autonomous driving as vehicles need to localize themselves with very high accuracy. These machine-readable maps come with additional information such as lane sizes, intersections and crosswalks.

Communication: To detect objects outside of a vehicle’s field of view as captured by on-board sensors, advanced communication technology is needed. Vehicle-to-everything (V2X) functionalities enable autonomous vehicles to communicate with their environment such as with other vehicles (V2V) or roadside infrastructure (V2I).

Full vehicles: Companies in this category aim at building fully autonomous vehicles from the ground up and sometimes that even includes reinventing the vehicle body itself. While fully autonomous vehicles for the transportation of people are still a few years away, they have established itself in areas like mining and construction.

The 71 startups in focus raised over € 180 million in venture capital funding to date. Most of the funding was raised by ecosystem startups (€ 125 million) while autonomous driving startups raised a meager € 55 million. Overall, it seems that the German autonomous driving startup ecosystem is just starting to evolve as a lot of the startups were founded less than 18 months ago.

After having invested in mobility startups such as Blickfeld, FAZUA, Flixbus, Free2Move, TWAICE Technologies and Vimcar, we at UVC Partners remain excited about the mobility space and especially about autonomous driving. We believe there are exciting opportunities in areas such as cyber-physical systems for autonomous vehicles, localization & mapping, V2X communication & data transmission, machine vision solutions and full-stack autonomous driving systems. Thus, if you are a founder working in the mobility space, and in particular in the autonomous driving space, we would love to hear from you.

 

About UVC Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-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.

Website: www.uvcpartners.com

 

About appliedAI

The appliedAI Initiative, Europe’s largest non-profit initiative for the application of artificial intelligence technology, aims to bring Germany into the AI age and offers its wide ecosystem of established companies, both large and small, researchers, and startups neutral ground in which to learn about AI, implement the technology, and connect with each other. NVIDIA, Google, Allianz, Porsche Consulting, and many more are founding partners of the initiative, which started in early 2018.

Website: www.appliedai.de

 

About Digital Hub Mobility

The Digital Hub Mobility is part of the Germany-wide Digital Hub Initiative, launched by the country’s Federal Ministry for Economic Affairs and Energy. At twelve interconnected locations, established companies work together with innovation partners from the scientific world and the startup scene. The Digital Hub Mobility is located at the UnternehmerTUM and makes use of this unique ecosystem to create the digital mobility innovations of the future.

Website: www.mobility.unternehmertum.de/en

Join our team as Junior Investment Analyst

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You will support our investment team, evaluate technology startups and perform market research. 

You are a student with technology related or business related majors and are curious about technology, innovations, and startups? 

For more information regarding the working student position have a look here and apply here.

For more information regarding the internship have a look here and apply here.

Vimcar closes new financing round

Vimcar raises $13M in Series B funding to automate fleet management for SMBs

Munich – 18th December 2018. Vimcar, a Berlin based SaaS startup for fleet management, today announced their $13M Series B round, led by Acton Capital with participation from existing investors Coparion, UVC Partners and Atlantic Labs. This round of financing will further fuel Vimcar’s growth and ambition to build the one-stop fleet management solution for SMBs. With a funding total to date adding up to $21M, Vimcar is on its way to become Germany’s most promising connected car startup.

Founded by Andreas Schneider, Christian Siewek and Lukas Weber, Vimcar originally launched with a pure mileage logging product (to track business mileage for taxation purposes), but then quickly extended their offering with a fleet management platform – specifically designed for the needs of small to medium-sized companies. With its easy to use OBD aftermarket hardware and various applications for drivers and fleet managers, Vimcar has already connected more than 50,000 cars. Still focusing on the German market, Vimcar managed to acquire major customers like Allianz, Zalando, Ford, Knauf, Adecco and Deutsche Bahn

Co-Founder and Managing Director Christian Siewek: “When it comes to business vehicles, the to-do lists for SMBs seem to be endless. Vimcar aims at digitizing the entire vehicle management cycle and already automates many of their customers’ daily routines. We help companies to focus on their actual business instead of wasting time on fleet administration.” Since the Series A financing in March 2017, the product has been continuously extended: today Vimcar does not only allow for compliant mileage logging but also covers route tracking, driver licence checks, contract management, geo-fencing, cost data documentation, fuel card integrations and booking of pool cars.

The funding comes as the company is facing the next level of growth in the B2B market for fleet management. The new capital will be used to accelerate development, to expand its product offerings, as well as for investments into more aggressive sales and marketing activities alongside entering new markets outside Germany. With Acton Capital (investors in Finanzcheck, HomeToGo, Etsy, OnVista and Zooplus), one of the major players in the European VC landscape is investing in Vimcar. According to Managing Partner Dr. Christoph Brau, “Vimcar has built an excellent SaaS solution that is addressing clear pain points of SMEs and is getting a very strong market feedback as a result. Vimcar clearly has the potential to become a core element of tomorrow’s business mobility.”

In addition to the Series B funding round, the company announces their compatibility via BMWs direct API (BMW CarData). Compatible BMW vehicles can now use Vimcar products without the need of additional aftermarket hardware. The company views BMWs decision to “open up”as trend-setting for the entire industry and expects other manufacturers to follow. Siewek: “The future of connected cars doesn’t have to be shaped in Silicon Valley. If the German OEMs join forces with innovative startups, they will remain at the forefront of connected vehicle services.“

About Vimcar 

Vimcar is a SaaS and IoT startup based in Berlin offering an innovative fleet management solution. The company has already connected more than 50,000 vehicles, among which are large enterprises such as Allianz, Zalando, Ford, Adecco, Knauf and Deutsche Bahn. Vimcar´s target segment however are SMBs with fleets up to 100 cars. The company was founded by Andreas Schneider, Christian Siewek and Lukas Weber after conducting a research project at the University of St.Gallen (Switzerland) when they saw the opportunity of building an independent company offering to connect services cross-OEM. Today the company has more than 90 employees and several major cooperation partners, e.g. Lexware and DATEV (German market leaders for accounting software) or Mediamarkt.

About Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-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.

About Acton Capital Partners

Acton Capital Partners is a Munich-based growth venture fund for internet companies. It focuses on startups in the fields of marketplaces, e-commerce, e-services, digital media and SaaS. Acton invests in Europe and North America. The team has been working together successfully for many years and has invested in more than 70 companies since 1999. The most renowned investments include AbeBooks, Alando, AlphaSights, Ciao, Elitepartner, Etsy, HolidayCheck, HomeToGo, iwoca, Linas Matkasse, Lumas, mytheresa.com, OnVista and zooplus.

About Coparion

Coparion provides venture capital to accelerate momentum and growth. With a current active fund of EUR 225 million coparion has the means to do so. coparion supports entrepreneurial vision with know-how, but without intervening in daily business operations. Thanks to in-depth experience in venture capital and in building companies, the coparion team discerns potentials and opens up new perspectives. coparion has the substance, tenacity and creativity required to mutually manage difficult situations successfully. coparion only invests with co-investors. The fund invests up to EUR 10m per company, usually in several financing rounds of EUR 0.5-3m each. Investment focus is on German companies in the startup and early growth phase. coparion is based in Cologne and Berlin.

About Atlantic Labs

Atlantic Labs is a Berlin-based Venture Capital firm, which backs technology companies at seed and early stage. Current investment focus areas are Digital Health, Future of Work, Mobility and Industrial Tech. In addition to providing financial resources, Atlantic Labs engages very actively with its founders to help them build successful and sustainable businesses. Medigo, Peat, Soundcloud, Comatch, Vimcar and Wandelbots are part of the Atlantic Labs current portfolio, among others.

Unternehmertum Venture Capital Partners invests in Capmo

€ 1.8 million investment for the construction software provider Capmo

Munich – 12th December 2018. The Munich-based startup Capmo digitizes processes in the construction industry and closes a € 1.8 million seed financing round led by Unternehmertum Venture Capital Partners alongside HW Capital, the investment holding of the Interhyp founders. The financing is intended to speed up the market entry of the intuitive productivity software.

80 percent of all construction projects in Germany are running above budget, 60 percent are completed too late or with significant defects. The reasons for this are inefficient project management and inadequate construction documentation. When it comes to digitization, the German construction industry lags far behind, only the hunting and fishing industry is less digital. The new software Capmo wants to solve this problem and enables digital collaboration on the construction site. With their innovative app, the four Munich founders Patrick Christ, Florian Biller, Florian Ettlinger, and Sebastian Schlecht have now collected € 1.8 million. Investors are the founders of Interhyp, as well as the fund UVC Partners. “Construction projects could be up to 40 percent more productive. In this market, we see tremendous growth potential for Capmo and look forward to supporting this growth with our expertise in B2B businesses and our industry network,” explains Dr. Ingo Potthof Managing Partner at UVC Partners.

Capmo digitizes the construction site – on the desktop, smartphone and tablet

Intuitivity is the basic principle of Capmo. The construction plans are stored digitally and are available on all registered devices such as computers, smartphones, and tablets – even in offline mode. All participants in a construction project are invited to Capmo and tasks can be distributed accordingly. Photos of the construction site are stored directly in the app and automatically located in the construction plan. Capmo not only promotes cooperation but also provides a quick overview of a project and eases the documentation of defects. This creates transparency for the client and increases the efficiency of projects. Since its launch in February 2018, Capmo has already gained 50 clients from the construction industry. “Construction projects are prone to errors, which is partly due to the low level of digitization. Many tasks are still managed via fax and voice recorder. This is where Capmo comes in and supports with new processes and technologies to meet deadlines and budget plans, “explains Florian Biller, founder and managing director of Capmo.

Construction projects like Hilton Hotel Munich and Kaufhaus Oberpollinger

Capmo is used by architects and engineers on private construction sites as well by construction companies for major projects. These include among others the Hilton Hotel in Munich, the renovation of the Oberpollinger shopping center and branches of ALDI and Rossmann.

About Capmo

Capmo was founded in Munich by Dr.-Ing. Patrick Christ, Florian Biller, Florian Ettlinger, and Sebastian Schlecht in February 2018. Capmo provides an overview of all current construction plans, construction progress and any defects that occur. Users can furthermore record, manage and distribute tasks – on the desktop, smartphone or tablet. Investors backing the intuitive productivity software are UVC Partners and HW Capital, the investment holding of the Interhyp founders.

Website: www.capmo.de

About Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-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.

Website: www.uvcpartners.com

Loyalty Prime closes new financing round

Successful seven-figure funding round for provider of SaaS customer loyalty platform to intensify its international growth

Munich – 29th November 2018. The Loyalty Prime Group, a leading provider of SaaS-based loyalty platforms, has completed another seven-figure funding round. The investors are Bayerische Beteiligungsgesellschaft (BayBG), which is a new investor in the company, and the existing consortium of investors – including Senovo, UVC Partners and business angel Alexander Bruehl – that has been in place since 2017 and is now further increasing its involvement. The capital is mainly being invested in Loyalty Prime’s rapid international expansion, especially in the USA, as well as within product innovation and development.

High-performance IT solutions to run loyalty programs continue to be in strong demand by companies around the globe. It is a billion-euro market, in which the SaaS company Loyalty Prime, based in Munich, London, Atlanta and New Delhi, is continuously expanding. With its award-winning enterprise SaaS platform ‘Prime Cloud’, Loyalty Prime provides medium to large enterprises around the world with a uniquely flexible solution to quickly and efficiently set up and profitably run loyalty programs of any type and complexity.

Since it was founded by the two customer loyalty and IT experts Christoph Straub and Kunal Mohiuddin in 2014, Loyalty Prime has won numerous blue chip companies from a wide variety of industries (including retail & e-commerce, travel & hotel, automotive, TV & entertainment as well as consumer goods) as satisfied customers. After another successful financial year in 2018, which for example witnessed an increase in revenues of 80 percent, the market entry in the USA and a doubling of customers, Loyalty Prime has now secured a solid financial basis for its rapid international expansion and product innovations in 2019.

The funding round is financed by BayBG, which newly joins the consortium of renowned Loyalty Prime investors, as well as Senovo, UVC Partners and angel investor Alexander Bruehl, who have been backing the successful development of Loyalty Prime’s enterprise loyalty products since 2017.

BayBG investment manager Andreas Heubl sums up as follows: “Within just a few years, Loyalty Prime has grown from being a start-up into a leading global provider of loyalty program solutions. Since 2014, the company has been continuously demonstrating that its products can successfully satisfy the strong demand for effective customer loyalty solutions. We are thus very pleased to welcome Loyalty Prime into our investment portfolio.”

Loyalty Prime founder and CEO Christoph Straub adds: “We are proud to have won BayBG as another experienced investor. We will use the additional capital to expand our high-performing, international team, push on with our product innovations and further expand our position as one of the world’s leading providers of SaaS loyalty solutions.”

 

About Loyalty Prime
With its award-winning Prime Cloud enterprise SaaS platform, Loyalty Prime provides medium to large enterprises around the world with a uniquely flexible solution to quickly and efficiently set up and profitably run omnichannel loyalty programs of any type and complexity (of course GDPR-compliant if/as required). In addition to Prime Cloud’s rich feature-set, clients also benefit from Loyalty Prime’s extensive customer loyalty consulting expertise. Since the company was founded in 2014, its currently 80-strong, international team has helped numerous blue chip companies from a wide range of industries establish some of the leading reward programs in their respective industry sectors.

https://www.loyaltyprime.com

About BayBG
With an invested volume of more than 300 million euros, BayBG Bayerische Beteiligungsgesellschaft is one of the largest equity investors in Bavarian SMEs. With its venture capital and shareholding investments, which it provides in the form of equity capital and mezzanine financing, it enables SMEs to implement innovation and growth projects, manage corporate succession and optimise their capital structure.

http://www.baybg.de

About Senovo
Senovo is a Munich and Berlin based early stage venture capital fund with a focus on B2B SaaS Investments. The Senovo team believes that SaaS should be the dominant model for delivering software and is thrilled about the great market opportunities which are continuously created by the secular shift towards SaaS. Senovo funds outstanding entrepreneurs and teams building world class products and generally gets involved soon after product launch.

https://www.senovo.vc

About Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-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.

https://www.uvcpartners.com

About Alexander Bruehl
Alexander Bruehl is a renowned SaaS expert and active business angel. He himself founded a software company, before becoming a senior partner of the international venture capital firm Atlas Venture, where he led the German office for ten years. Since 2009, he has helped founders of SaaS companies to overcome various challenges in the start-up phase, including planning and implementing suitable financing strategies. He is an active seed investor in many leading European SaaS companies, including Contentful, Riskmethods, FreeAgent, Softgarden and Geckoboard.

SaaSgarage.com

Unternehmertum Venture Capital Partners invests in Isar Aerospace

Space flight company Isar Aerospace receives multi-million Euro investment

Munich – 27th September 2018. The Munich-based startup Isar Aerospace Technologies has closed a multi-million Euro seed funding. Unternehmertum Venture Capital Partners as well as Vito Ventures and the former senior SpaceX executives David Giger and Bulent Altan, who started Global Space Ventures, are involved in this financing round.

The start-up is planning to use the investment to accelerate the ongoing development and deployment of small launch vehicles and spacecraft. This is driven by the privatization of the space industry which is already in full swing. More and more satellites are being deployed in space for commercial purposes, resulting in a high demand for smaller launchers, capable of transporting small payloads cost-effectively and with considerably more flexibility than before.

The space sector is booming. According to Bank of America Merrill Lynch, worldwide the sector is valued at US$339 billion which is expected to grow eight-fold by 2045. Daniel Metzler, Founder, and CEO of Isar Aerospace Technologies: “Our aim is to revolutionize access to space and to make it affordable for everybody. To achieve this, we are starting off by turning our attention to the most complex part of a launch vehicle – the propulsion system. This new investment will enable us to continue the development of our rocket engines, which are cost effective and at the same time considerably more advanced than conventional motors in the same thrust class.”

The team around Daniel Metzler is currently working on high-performance technologies that are powered by a combination of hydrocarbon mixtures and liquid oxygen and will make conventional, toxic rocket fuels obsolete. The first launch is planned for 2021.

“Although privatization of the space industry is already at an advanced stage, there is still a dearth of convincing European solutions. Through our investment in Isar Aerospace, we want to be at the forefront of this growth area. We were persuaded by the fact that the team is highly experienced despite its young age. We are confident in their ability to build the European SpaceX,” said Tommy Oehl, Managing Partner of Vito Ventures GmbH.

“We have been observing the market for a very long time and are in discussions with many players. The Isar Aerospace team has made a lasting and positive impression on us with their know-how. We believe in Daniel and his team and look forward to accompanying them on their journey as investors and supporters,” said Bulent Altan, explaining his decision to invest in Isar Aerospace.

About Isar Aerospace:
The fast-growing company develops advanced launch vehicles to ensure low-cost and flexible space access for small satellites in the future. Environmentally friendly propellants, as well as modern production techniques, are used to achieve this goal. The team builds upon extensive experience in rocket engine and sounding rocket design and testing from Technical University Munich.

Website: https://www.isaraerospace.com/

About Vito Ventures:
Vito Ventures was initiated by Viessmann and is a leading European deep-tech investor. The early-phase investor is rooted in the German SME landscape and possesses a unique network in European industry. The team, led by Managing Partners Thomas Oehl and Benedikt von Schoeler, has a comprehensive understanding of deep-reaching technological change and the associated dynamics and challenges both for established businesses and startups. Vito Ventures gives investors access to startups whose ideas are the driving force behind the technological revolution in infrastructure and the economy.

Website: http://vito.vc/

About Unternehmertum Venture Capital Partners:
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-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 (Freer2Move), KONUX, Blickfeld, 3YOURMIND and Vimcar.

Unternehmertum Venture Capital Partners invests in TWAICE Technologies

Battery Analytics Startup TWAICE closes € 1.2 million Seed Funding Round

Munich – 18 September 2018. The Munich-based startup TWAICE Technologies develops digital twins for companies along the battery value chain and receives € 1.2 million in seed funding from lead investor Unternehmertum Venture Capital Partners and Speedinvest shortly after spinning off from TU Munich. The financing is intended to foster product development and to expand the team as well as to accelerate market entry.

It is TWAICE’s mission to enable reliable, long lasting and sustainable applications of Li-ion batteries. Although the battery system is the most expensive component of e-vehicles, the current condition and remaining lifetime can only be determined with great difficulty and uncertainty. By leveraging digital twins, TWAICE’s software enables customers to analyze the condition of lithium-ion batteries in electric vehicles in real-time and to predict their lifetime. Furthermore, optimization of technical parameters on the basis of the proprietary software allows for a significant extension of battery lifetime.

This pays off: Total operational costs for operators of electric vehicle fleets can be decreased by up to 25%. But the software is also interesting for manufacturers of electric vehicles and batteries: They can use TWAICE for example to offer predictive maintenance services themselves. Additionally, the state of health and the remaining lifetime can be certified at any time enabling the reuse or resale of batteries.

“An automotive manufacturer with for instance 100,000 electric vehicles in the field has battery costs exceeding € 1 billion. Managing these assets will increasingly be essential and a decisive monetary factor. TWAICE delivers the corresponding solution to customers such as electric vehicle manufacturers or fleet operators.”, says co-founder and managing director Dr. Stephan Rohr.

TWAICE takes the concept of virtual expert systems, so-called “Digital Twins”, further and applies it to batteries. TWAICE merges sensor data and physical as well as data-driven battery models, not only closing the loop between product development and application but also enabling new opportunities such as predictive maintenance and extended warranties. “Our digital twins enable the digitalization of expert knowledge and entirely new into the performance and the state of health of batteries in the field”, adds co-founder and managing director Michael Baumann whose research forms the basis of TWAICE’s technology.

After four years of research and development at the Technical University of Munich, TWAICE was founded in 2018 as an independent provider of battery analytics software and algorithms in the form of digital twins for battery manufacturers, electric vehicle manufacturers and fleet operators.

During the founding process, the team was supported by multiple programs of UnternehmerTUM such as the incubator XPRENEURS and developed an interesting idea into a successful startup in an industrial environment. TWAICE has demonstrated the relevance of its solution by winning the main prize at the startup contest Digital Innovations of the Federal Ministry for Economic Affairs and Energy as well as being selected into the Top 30 Cleantech Startups by Climate-KIC.

Lead investor UVC Partners is experienced and well connected in the mobility industry. The Munich-based venture capital investor has already financed mobility companies such as Flixbus, Carjump, Vimcar, Blickfeld and FAZUA in the past. Portfolio companies like TWAICE profit from good contacts to automotive manufacturers as well as to suppliers. “TWAICE delivers the specific know-how to determine and optimize battery conditions in real time for the strongly growing electric mobility market. This knowledge is of strategic relevance for battery and automotive manufacturers as well as fleet operators.”, explains Benjamin Erhart, Partner at UVC Partners. Co-investor Speedinvest invests from its recently launched industry fund which specializes in technology-oriented industry startups and is funded by around 20 industry partners.

The funding is used to expand the team for product development, market entry and the establishment of TWAICE as the leading company for digital twins of battery systems.

About TWAICE Technologies
TWAICE Technologies GmbH, a spin-off from TU Munich, develops battery analytics software in the form of digital twins. TWAICE’s platform enables electric vehicle and battery manufacturers, fleet operators and financial service providers to accelerate product development, improve performance, ensure long-term reliability, extend life, and mitigate financial risks of batteries. Besides the economic benefits, this contributes to the sustainability of electric vehicles.
Website: www.twaice.com

About Unternehmertum Venture Capital Partners
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based early-stage venture capital firm that invests in technology-based startups in Germany, Austria, and Switzerland. UVC Partners focuses on investments in the areas of industrial technologies, smart enterprises 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.
Website: www.uvcpartners.com

About Speedinvest
Speedinvest is a pan-european brand of venture capital funds with €200m under management that invests in seed stage technology start-ups. The company operates under a focus fund structure in the areas of Fintech, Marketplaces and Deep / Industrial Tech. Besides providing financial investments, the fund actively deploys its network and know-how to support its portfolio companies. Speedinvest’s office in Silicon Valley supports portfolio companies entering the US market.
Speedinvest i is the newest focus fund of Speedinvest – dedicated exclusively to Industrial Tech start-ups. It provides seed financing to support the digitization of Europe’s industry by focusing on start-ups surrounding Big Data, Smart Manufacturing and New Business Models for the industrial world. The fund is primarily financed through leading, industrial companies from Austria and Germany, enabling an attractive entry point for portfolio companies to Speedinvest’s broad corporate network.
Website: www.speedinvest.com

Unternehmertum Venture Capital Partners invests in DyeMansion

3D-printing startup DyeMansion raises $ 5 million in series A financing round to kick off global expansion

Munich – 06 September 2018. Already well-known in the 3D-printing industry for their unique ‘Print-to-Product’ workflow, the post-processing specialists from DyeMansion have now secured a $ 5 million series A funding to expand their global business and extend their portfolio. Developing a ground-breaking finishing technology for achieving injection molded surface quality on 3D-printed polymer parts will be their next big milestone.

CEO and co-founder Felix Ewald is confident that the new funds and the strategic support of UVC Partners, btov Partners and AM Ventures will help DyeMansion to grow and to reinforce their status as a technology leader in the industry. “With AM Ventures and our new investors, we have found the right people and expertise to accelerate our global roll-out and to develop additional technologies and industry 4.0 solutions. To have such experienced partners on board will help a lot along this journey,” emphasized Ewald.

Within the past three years, DyeMansion has won more than 400 customers all over the globe that already benefit from their technology. Among them, global players like BMW, Daimler, Under Armour, HP, Shapeways, Materialise, FKM and many more.

“Thanks to our customers and partners we have learned a lot about the demand for the digital factory of the future. With the new funds, we will expand our R&D capacity in order to raise the bar in post-processing automation and to provide the best possible end-use part finish for every application. Our new system for getting completely smooth surfaces on AM plastics will demonstrate DyeMansion’s capabilities once again”, explained Philipp Kramer, CTO and Co-founder of DyeMansion.

Benjamin Erhart, Partner at UVC Partners, is convinced of the market potential: “3D-printed polymer parts will find their way into serial production worldwide. DyeMansion not only serves but also enables this market. UVC is proud to support this fast-growing leader in its category.”

Robert Gallenberger, Partner at btov Partners added: “We have been deeply impressed by the enthusiasm as well as the execution and innovation capability of DyeMansion’s team from the very first meeting. This investment perfectly matches the strategy of the new btov Industrial Technologies Fund to back ambitious entrepreneurial teams focusing on hardware and software innovations with industrial use cases.”

“We have been supporting DyeMansion from the early beginning as a seed investor and we are very proud to see this extraordinary team growing successfully into a mature, professional and still one-of-a-kind company. In addition, “this funding round is also a fantastic statement for Munich as the world’s leading region for industrial Additive Manufacturing Technology”, said Arno Held, Chief Venture Officer of AM Ventures.


About DyeMansion

The Munich-based company was founded in 2015 and offers a variety of high-volume finishing systems for an easy ‘Print-to-Product’ workflow that transforms raw, 3D-printed parts into high-value consumer and industrial products. With the ability to provide precision coloring and finish to the most exact specifications, DyeMansion technology is already trusted by more than four-hundred customers, including leading global manufacturers in diverse industries, such as eyewear, automotive, retail, medical, and sports equipment. That is why DyeMansion has quickly established itself as the global leader in additive manufacturing finishing systems. DyeMansion works with all major industrial, powder-based 3D printing systems, including EOS, HP, 3D Systems and Prodways and delivers high-volume production for anything from luxury sunglasses to mission-critical automotive parts.

Website: www.dyemansion.com

 

About Unternehmertum Venture Capital Partners

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-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, KONUX, Blickfeld, 3YOURMIND and Vimcar.

Website: www.uvcpartners.com

 

About btov Partners & btov Industrial Technologies Fund

btov is a European venture capital firm, managing about EUR 375m in institutional funds, partner funds and direct investments of private investors. btov teams in St.Gallen, Berlin, Munich and Luxemburg jointly with seasoned entrepreneurs back start-ups with teams willing to make the difference. The btov Industrial Technologies Team has backed companies ranging from component, module and systems hardware companies with embedded software to application and infrastructure software suppliers for industrial verticals. Its technology focus lies in robotics & autonomous vehicles, industrial machine learning, industry 4.0 and IoT, cyber-physical security, electronics & photonics, additive manufacturing, power conversion and storage, medical and quantum technologies.

Website: www.btov.vc

 

About AM Ventures

AM Ventures Holding GmbH (AMV) is an independent, strategic investor based in Munich, Germany. The company has established an ecosystem consisting of sustainable strategic investments and a strong partner network to utilize advanced manufacturing technologies, in particular additive manufacturing, for serial production. The unique ecosystem consists of hardware, software, material and application ventures as well as production hubs around the world besides various partnerships with large corporations focusing on the production of disruptive applications. The market leaders in additive manufacturing (EOS Group) and laser scanning technology (Scanlab) are sister companies of AMV. Furthermore, the ecosystem includes a network of long-term focused and relationship oriented investors and a pool of industry experts with decades of experience in engineering, production and executive management. AMV’s unique approaches include the funding of ventures with customized investments and advanced production technologies, the design of advanced value chains for the serial production of specific applications and the acceleration of businesses by providing unique know-how.

Website: www.amventures.com

Unternehmertum Venture Capital Partners increases investment in Blickfeld

LiDAR start-up Blickfeld increases seed funding to $ 10 million

Munich – 28 August 2018. The Munich-based LiDAR start-up Blickfeld has increased its seed funding to $ 10 million. All existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, Tengelmann Ventures, and Unternehmertum Venture Capital Partners participated in the round. The new financial resources will be used for the first series production and to further strengthen the team.

Blickfeld develops and produces LiDAR (Light Detection and Ranging) sensors for environmental detection. The solid-state sensor developed by Blickfeld provides high-resolution, three-dimensional environmental data and is used in autonomous driving, in robotics and for the Internet of Things. Blickfeld’s patented technology makes high-tech LiDAR devices suitable for mass production.

The increase from $ 4.3 million to $ 10 million in the seed financing round completed just a few months ago will further accelerate the company’s  rapid growth. Blickfeld co-founder and CEO, Dr. Mathias Müller: “We have made very good progress with our LiDAR technology in recent months. High international demand confirms the efficiency of the Blickfeld solution. The expansion in seed financing will enable us to bring our first series product to market even faster.”

Ulrich Eisele, Managing Director at Fluxunit – OSRAM Ventures, says: “Results from the first customer projects speak for themselves. That’s why we are expanding our activities at Blickfeld. We are convinced that Blickfeld’s LiDAR technology can be a key building block for the future market of autonomous driving.”

Founded in 2017 by Dr. Mathias Müller, Dr. Florian Petit and Rolf Wojtech, the start-up has grown considerably in recent months. Today, the Blickfeld team already numbers more than 35 employees. The company plans on hiring additional engineers, automotive experts and computer scientists in the upcoming months, as well as expanding its business-development, marketing and sales teams.

 

ABOUT BLICKFELD

Founded in 2017 and based in Munich, Germany, Blickfeld is a provider of cutting-edge LiDAR technology for autonomous mobility and IoT applications. The company has developed proprietary LiDAR technology based on patented silicon MEMS mirrors and commercial off-the-shelf components.

The Blickfeld LiDAR product family meets the highest performance requirements at the cost and size needed for mass market adoption. Due to their range of configurable features, the Blickfeld LiDAR product family provides solutions for multiple use-cases.

Blickfeld’s team is made up of experienced professionals with renowned expertise in the fields of electronics, optics, MEMS and software. The company is backed by venture capital investors including Fluxunit (the corporate venture arm of lighting company Osram), High-Tech Gründerfonds, Tengelmann Ventures, and Unternehmertum Venture Capital Partners.

www.blickfeld.com

 

ABOUT FLUXUNIT – OSRAM VENTURES

Fluxunit is the independent venture capital unit of OSRAM. Building on OSRAM’s role as market leader, Fluxunit invests in high-tech start-ups that go beyond OSRAM’s core business and have the potential to break through and renew existing light-based technologies and business models. Fluxunit’s goal is to support, promote and accelerate the development of start-ups not only through investments but also through access to OSRAM’s resources as a global high-tech company.

www.fluxunit.de

 

ABOUT HTGF

High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With € 892.5 million in total investment volume across three funds (€ 272 million in HTGF I, € 304 million in HTGF II and € 316.5 million for HTGF III) and an international partner network, HTGF has already backed up 500 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and start-up experts help guiding the development of young companies. HTGF’s focus is on high-tech start-ups across a range of sectors, including software, media, internet, hardware, automation, healthcare, chemicals and life sciences. Up to now, external investors have invested over € 1,8 billion into the HTGF portfolio via more than 1,300 follow-on financing rounds. HTGF has also successfully exited shares of more than 90 companies.

Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, Fraunhofer-Gesellschaft e.V., as well as the companies  LTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.

www.high-tech-gruenderfonds.de/en

 

ABOUT TENGELMANN VENTURE CAPITAL

Tengelmann Ventures (TEV) is one of Germany’s leading venture capital investors and has invested in over 50 companies over the past five years, many of which have become global players and market leaders in their particular segment. TEV focuses mainly on early- and later-stage investment in technology start-ups, internet marketplaces, and consumer internet companies. The team funds companies worldwide in the role as lead, co-lead or co-investor. In close cooperation with its global network of venture capitalists, professionals and consultants, Tengelmann Ventures always strives to identify promising start-ups and to support the development of its portfolio companies.

www.tev.de/en

 

ABOUT UNTERNEHMERTUM VENTURE CAPITAL PARTNERS

Unternehmertum Venture Capital Partners (UVC Partners) is a Munich-based early-stage venture capital firm that invests in technology-based start-ups in Germany, Austria, and Switzerland. VC Partners focuses on investments in the areas of industrial technologies, smart enterprises and mobility. The fund typically invests between € 0.5 – 3 million initially and up to € 12 million 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 start-ups unique access to talent, industry customers and other financial partners.

www.uvcpartners.com