UVC Partners is opening an office presence in Berlin

UVC Partners is strengthening its investment activities in Berlin

  • Berlin’s founders can take advantage of our strong corporate network and B2B experience
  • Alexander Kiltz will be our full-time representative

Berlin and Munich, September 11th, 2019. UVC Partners has long been active in the Berlin startup ecosystem. Five of our portfolio companies, namely 3YOURMIND, Free2Move (fka Carjump; acquired by Groupe PSA / Peugeot Renault), i2x, shyftplan and Vimcar, are headquartered there. Thus, our current portfolio indicates what is possible if you combine the dynamics of Berlin as a hub for game-changing startups with our extensive B2B investment experience and our unmatched cooperation with UnternehmerTUM, Europe’s leading entrepreneurship center in Munich. Within our B2B industry focus areas of enterprise software, industrial technologies and mobility, we are increasing our geographical activities across Germany and Europe. Consequently, we are now expanding our footprint to the capital city with a new office presence in Berlin Mitte.

With Alexander Kiltz being full-time in Berlin, we are uniquely positioned to offer Berlin’s founders what we know best: growing and scaling B2B startups. Our team is blending engineering and venture capital experience with deep technological know-how. We are looking forward to providing our unique access to talent and our partner network of over 1,000 international corporations to Berlin’s founders to support the growth and scaling of their startups.

Alexander Kiltz is not new to the ecosystem as he has already spent significant time in the Berlin startup scene in the past. “I’m excited to contribute to the further growth of UVC Partners and to open our presence in Berlin. I’m looking forward to meeting and supporting the next generation of Berlin-based game-changing founders and to immerse myself in this vibrant startup scene.”, says Alexander Kiltz. UVC Partners is looking forward to intensifying our relationships with Berlin’s most interesting startups and investors. Thus, whether you fancy a chat or want to pitch your startup, feel free to reach out to Alex directly via kiltz@uvcpartners.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 € 0.5-3m initially and up to € 12m in total per company. UVC Partners has about € 118m in assets under management.

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 200 employees and an international network of more than 1,000 industrial companies, 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.

Contact:

Alexander Kiltz
UVC Partners
E-mail: kiltz@uvcpartners.com
LinkedIn: https://www.linkedin.com/in/alexanderkiltz/
Twitter: @alex_kiltz

www.uvcpartners.com

Berlin Office:

Unternehmertum Venture Capital Partners
Oberwallstraße 6, 10117 Berlin

Come and work with us – we are growing our team

We are looking for outstanding personalities to join us full-time as Manager Finance & Controlling, or part-time as Junior Investment Analyst

 

  • Join us full-time as Manager Finance & Controlling (m/w/d) – for more information have a look here.
  • Join us part-time as Junior Investment Analyst (m/w/d) – for more information have a look here.

GNA Biosolutions closes new financing round

GNA Biosolutions Closes $13.5 million Series C Financing Round Backed by a US/EU consortium

Munich, Germany, August 6, 2019 – GNA Biosolutions GmbH, a molecular diagnostics company based in Germany, announced today that it has completed a $13.5 million round of financing. Funding will finance further development and IVD-CE marking of the company’s first molecular POC (Point of Care) platform, based on Pulse Controlled Amplification (PCA) technology. The Series C financing round was joined by new investors including GreyBird VenturesOccident, and Wachtumsfonds Bayern, and existing investors UVC Partners, SHS Gesellschaft für Beteiligungsmanagement, Robert Bosch Venture Capital, Mey Capital MatrixKfW, and btov Partners. Proceeds from the financing will be used to advance development and secure IVD-CE marking of GNA’s first Point of Care molecular diagnostic platform.GNA Biosolutions has pioneered a next generation nucleic acid amplification technology (Pulse Controlled Amplification – PCA) in the field of molecular diagnostics. The company’s PCA platform amplifies nucleic acids captured directly from complex samples such as whole blood, sputum, and nasal swabs within minutes, without the need for additional sample preparation and with minimal hands-on time.

“We are excited to work with the GNA team and look forward to supporting this stage of the company. Rapid molecular diagnostics are key to patient care across an increasingly broad range of therapeutic areas, and particularly infectious diseases. We believe PCA technology will resolve many limitations of existing molecular diagnostics, enabling fast therapeutic decisions that improve patient care,” said Tom Miller, partner at GreyBird Ventures, lead investor for the round. Mr. Miller, a global healthcare industry leader, and an experienced and visionary CEO, will serve as Chairman of GNA’s Board effective immediately.

“We are very appreciative of the enthusiastic response from our new investors and the continued support of our existing consortium. This Series C funding will help us execute our regulatory strategy and bring PCA to the clinic,” said Federico Buersgens, co-founder and Managing Director of GNA Biosolutions.  GNA plans to launch its POC platform first in the EU, followed by the US. “We believe having this unique combination of European and US investors on board gives GNA an edge – we have assembled a great consortium which will provide us not only with a tremendous depth of experience but also visibility and access to decision-makers across our key launch markets,” said Mr. Buersgens.

GNA’s breakthrough technology allows the development of cost-effective and simple-to-perform molecular diagnostic tests. The company’s prototype platform has been utilized in more than 30 assays in-house and with partners, including assays for Hospital Acquired Infections and Tuberculosis, and biothreats such as Ebola and Plague.

GNA is the winner of AACC’s 2018 Disruptive Technology Award and a Showcase Company in the 2019 MedTech Innovator Competition.

 

About GNA Biosolutions

GNA Biosolutions is a private molecular diagnostics company located in Germany. Our proprietary PCA technology offers a novel, ultrafast, and cost-effective molecular diagnostic platform that captures and amplifies nucleic acids from complex clinical samples. PCA assays are being developed for a number of therapeutic areas, including infectious diseases and biothreats.

The company’s first Point of Care product will be utilized for the diagnosis of antibiotic resistant Hospital Acquired Infections (HAIs) and Tuberculosis (TB). PCA technology has not been cleared or approved by European of U.S. regulatory agencies and is currently for research use only.

www.gna-bio.com

 

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 200 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

 

Twaice closes new financing round

Additional millions for the digital battery twin

Munich, 29 May 2019. TWAICE is increasing its seed financing to € 3.2 million to secure its rapid growth. Customer interest exceeds all expectations

– More than two million euros of new funding
– Increased customer demand due to accelerated electrification strategy
– Successful initial projects validate the concept and business model

Only nine months after the official founding of the company, Munich-based startup TWAICE receives another two million euros in funding. The money is provided by the Berlin venture capitalist Cherry Ventures with participation from existing investors UVC Partners and Speedinvest.

With this extended seed financing, TWAICE will secure and further expand its rapid customer expansion and business development. The significantly accelerated electrification strategy of many customers makes this possible. Additionally, more and more companies in the automotive industry are discovering the TWAICE software. It can improve the use of lithiumion batteries and extend their lifespan.

Over the past few months, TWAICE has shown in a variety of customer projects the added value that the technology can create. The benefits extend along the value chain and support different industries. Customers get more detailed knowledge of the battery operations in the process of using the TWAICE software. This helps manufacturers to validate their complex  battery systems. Operators of electric vehicle fleets, for example, can reduce their operating costs by up to 25 percent through predictive maintenance and a lifetime extension.

The software is now used in trucks, cars and stationary power storage. The solution is also successfully deployed in smaller applications such as power tools. This spectrum is likely to broaden significantly in the coming years, in conjunction with the rapid expansion of electric drives in different industries.

With the new funding, TWAICE will continue to grow based on the good results in recent months. It is planning to build up its workforce rapidly in order to be able to quickly implement the current and expected order volume.

The TWAICE software creates a digital twin of battery systems. It can be used to make accurate analyses and predictions about the “health status” of every energy storage system in real time. By using sensor data, physical and data-driven battery models, TWAICE not only closes the loop between product development and application. It also opens up new possibilities, such as predictive maintenance and warranty extension. Threatening incidents, including downtimes, can be detected and prevented in good time.

The founders Stephan Rohr and Michael Baumann are pleased about the further financing round: “The incredibly strong customer interest and the expansion of our team have led to rapid professionalization within only six months”. In a first round during the autumn of 2018, TWAICE had already collected 1.2 million euros from UVC Partners and Speedinvest. With Cherry Ventures, another top investor comes onboard. “We are excited about what a strong team of battery technology experts the founders have been able to build in such a short period of time. We are at an inflection point in the adoption of electric mobility and development of electric storage solutions. We consider the approach of TWAICE to be a unique
opportunity to advance this field with software and we are convinced that digital twins will redefine the industry”, says Thomas Lueke from Cherry Ventures.

 

About Twaice 

TWAICE supports enterprises across industries with predictive battery analytics software based on digital twins. We empower our customers to develop and use battery systems more efficiently and sustainably while making them more reliable and durable. Precise predictions of battery conditions and aging significantly optimize battery development and use. Exact determination of current condition also enables certification of batteries for reuse and 2nd life. TWAICE was founded in 2018 as a spin-off from Technical University of Munich and is headquartered in Munich. The client base covers a vast array of industries ranging from escooters over automotive to stationary energy storage.

www.twaice.com

 

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.

www.uvcpartners.com

 

Unternehmertum Venture Capital Partners invests in Ciara

Seven-digit Investment and Launch for Ciara, the Virtual Assistant for Inside Sales Reps

Munich, 6 May 2019. Ciara, digital inside sales assistant provider, founded by the experienced software entrepreneurs Martin Heibel and Konstantin Krauss, receives a seven-digit financing round. Supporters include lead investor UVC Partners, Interhyp founders Marcus Wolsdorf and Rober Haselsteiner, as well as the successful entrepreneurs Christian Mangstl (Scout 24) and Felix Haas (Bits & Pretzels, IDnow). Starting today, the digital sales assistant Ciara is available at www.getciara.com.

Similar to the assistants in the consumer market such as Amazon Alexa or Google Home, Ciara helps sales representatives effectively conduct phone conversations without struggling to find the right answers or lose the thread.

Ciara boosts Inside Sales Phone Calls

A growing number of companies are investing in their inside sales teams. Firms now sell their products over the phone or on the Internet, instead of meeting with their customers face-to-face. Inside sales telephone calls are therefore of particular importance: The first moments of customer contact determine the success or failure in sales. Ciara provides inside sales teams with interactive guides, proven playbooks, and smart objection handling, helping them to structure their phone conversations and increase success and productivity.

“We are convinced that productivity assistants are a radically new category of business software. Such assistants are all about making life for people in daily business situations much easier again. Instead of having to deal with dozens of tools, our customers want meaningfully automated solutions. With the Ciara inside sales assistant, we show how that’s possible: With real-time supported phone conversations, Ciara helps employees and teams achieve a new level of productivity,” says Martin Heibel, managing director of Ciara.

Investors with valuable expertise

The founders were able to convince several well-known investors to support the future growth of Ciara. A seven-digit investment went into the company at the beginning of the year. “With UVC Partners, the Interhyp founders, Christian Mangstl and Felix Haas we won a unique investor consortium made of software, technology, and sales experts. After just a few months of cooperation, we are benefiting immensely from the knowledge and networks of our investors,“ comments Konstantin Krauss, co-founder of Ciara, on the partnership. “From my own experience, I know the great growth opportunities of phone-based sales,” says Marcus Wolsdorf, founder of Interhyp AG, Germany’s largest mortgage lender, which he led to the stock exchange in 2005. “The Ciara assistant makes it much easier to train inside sales personnel quickly and effectively, sharing best practice knowledge and supporting every single phone call.”

 

About Ciara 

Ciara is a virtual assistant for inside sales professionals and teams. Sales agents can create custom and interactive sales guides, manage playbooks, and structure their sales phone calls. The objection handling feature helps sales agents answer difficult customer questions, e.g. on competition, pricing, and new product capabilities. Standard integrations to the leading CRM systems make it easy to store customer information gained in Ciara-led phone conversations centrally. Ciara already supports more than a dozen companies worldwide in building a consistent and efficient inside sales process and to train new employees quickly. For today’s market launch, sales professionals can sign up at www.getciara.com and start their own inside sales assistant for free within just two minutes.

https://www.getciara.com/

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.

www.uvcpartners.com

 

The European Mobility Startup Landscape

The mobility industry is going through massive changes driven by technological innovation on the one hand and social and political factors on the other hand. We dive into current industry trends and provide an overview and a detailed analysis of the European mobility startup ecosystem by mapping over 3000 companies in the space. In the deep dive, we aim at answering the following questions: As the industry undergoes rapid changes, what does this mean for the startups in this space? What are the current trends and developments? What are interesting technologies and services where startups could natural advantages? What are the promising segments for venture capital investment? What are the European hotspots of mobility startup activity? How do funding levels differ across categories and countries?
To learn more about the European mobility startup landscape and why we believe it’s an exciting time to be investing in mobility startups, read more here:

Unternehmertum Venture Capital Partners invests in i2x

i2x raised €10 million in Series A funding

Berlin – 26th February 2019. i2x, the market leader in automated real-time communications analysis and training, receives €10 million as fresh capital in a Series A funding. UVC Partners and btov Partners act as lead investors, alongside MS&AD Ventures and Asgard. With strong participation from existing investors such as HV Holtzbrinck Ventures, i2x will use the new financing for the further development of its artificial intelligence based technology.

With the venture capital companies UVC Partners and btov Partners, which are well networked in the deep-tech and research sectors, the Berlin startup gains two strategically valuable main investors. Through MS&AD Ventures, which normally invests in the US market, and the Artificial Intelligence Fund Asgard, i2x also gains additional expertise. With the newly acquired capital, i2x will further expand its real-time speech recognition and training technology.

The Berlin-based startup decodes the black box of sales and service phone calls and helps call center agents and sales representatives to improve their conversion rate, increase customer satisfaction and shorten the training period. After only one year on the market, i2x has experienced extraordinary growth and counts companies such as the renowned telecommunications company Vodafone, the technology enterprise Siemens and the e-health startup MediDate among its customers.

Dr. Ingo Potthof, Managing Partner at UVC Partners: “Through close contacts in the research and tech industry sectors, we are pleased to be able to provide i2x with the best possible strategic support for its further development.“

Dr. Jochen Gutbrod, Managing Partner at btov Partners: “With i2x, we are supporting a future-oriented company that is revolutionizing the tele-sales and customer service industry with its real-time technology. The software makes it possible to combine the strengths of people with the advantages of modern technology and thus makes an important contribution to shaping the working world of tomorrow. btov Partners is pleased to accompany i2x on its way.”

Jon Soberg, Managing Partner at MS&AD Ventures: “We invest in companies around the world, especially in the US and Israel, so we have insights into many different markets. What convinced us about i2x was the high technological standard of the software. Michael Brehm and his team have developed an independent speech recognition and training tool that is unique on the international market in its precision, speed and flexibility. We see a big global opportunity for i2x. The great success achieved shortly after the launch confirms the extraordinary potential of this startup”.

Michael Brehm, founder and managing director of i2x: “We are pleased that we were able to convince the investors of our vision to sustainably support people in their increasingly complex working day with the help of artificial intelligence. Thanks to the new funding, we are now investing even more in highly qualified specialists and well-founded research and are thus driving our technology forward.“

 

About i2x:

i2x is the market leader for automated real-time communication analysis and training based on its proprietary speech recognition technology for the German and English language. Users can analyze complex conversations in real-time with the use of artificial intelligence. i2x automatically generates training units for the user that are tailored to the individual development fields in order to optimize sales and service conversations. This makes i2x the first speech recognition and training technology of its kind worldwide. Employees and self-employed can transcribe telephone calls with the speech recognition technology and have voices, moods and speech patterns of the conversations evaluated with the help of machine learning. i2x helps sales and service employees to improve their conversion rate, increase customer satisfaction and shorten the training period. The company has received several awards, including the CCW Future Camp Award and the CCV Quality Award for “Best IT Innovation” presented by the German Call Center Association. The Bits & Pretzels Founders Festival also honored i2x with the “Best Solution in Service & Intelligence” award. Red Herring named i2x one of the top 100 tech startups in Europe. i2x is based in Berlin and currently employs 40 people. Founder and managing director is technology entrepreneur Michael Brehm. Further information can be found at www.i2x.ai

 

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. www.uvcpartners.com

 

About MS&AD Partners:

MS&AD Ventures is an early stage venture fund focused on international big data companies that are involved in insurance or are building a sustainable future. MS&AD Ventures is part of the leading global insurance company MS&AD Insurance Group Holdings. Further information is available at: www.msad.vc

 

About btov Partners:

btov Partners, founded in 2000, is a European venture capital firm with offices in Berlin, Luxembourg, Munich and St. Gallen. The investment focus is on digital and industrial technology companies. btov manages institutional funds, partner funds and offers private investors and family offices access to direct investments. Through its three divisions, the company manages assets of 420 million euros and examines over 3,000 investment opportunities annually. Its best-known investments include Blacklane, DeepL, Facebook, Foodspring, OrCam, Raisin, SumUp, Volocopter and XING. More information can be found at www.btov.vc

 

About Asgard:

Asgard is a family-run human venture capital company focused on early stage startups in the field of artificial intelligence. Asgard was founded in 2014 by serial entrepreneur and investor Fabian J. G. Westerheide. Further information is available at: www.asgard.vc

 

Über HV Holtzbrinck Ventures:

Since 2000, HV Holtzbrinck Ventures has invested in Internet and technology companies through various generations of funds and is one of the most successful and financially strong early-stage and growth investors in Europe. HV supports startups with capital ranging from €500,000 to €40 million, making it one of the few venture capitalists in Europe able to finance startups across all growth phases. Further information is available at: www.hvventures.com

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

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