PriceHubble raises a USD 34 million Series B round to strengthen its leadership position in Europe and accelerate its international expansion
(Zurich, 19 July 2021) PriceHubble AG, the fast-growing global PropTech founded in Switzerland in 2016, successfully completed its Series B round and raised USD 34 million in new funding. Digital+ Partners led the investment round with significant investments from Latitude Ventures, TX Ventures, and selected business angels, including Dr. Martin Enderle. The round was met with a strong demand from the existing investor base, among them Swiss Life and btov/Helvetia Venture Fund.
PriceHubble, the globally leading AI analytics and data company for the residential estate industry, successfully completed its Series B investment round, raising USD 34 million in new funding. Founded by Dr. Stefan Heitmann and Markus Stadler in Zurich in 2016, PriceHubble has experienced a fast and successful development and is now active in nine markets: Switzerland, France, Germany, Austria, Japan, Netherlands, Belgium, Czech Republic and Slovakia. Its rapidly growing customer base in Europe and Asia consists of more than 800 companies and has tripled over the last twelve months. PriceHubble currently employs over 130 specialists.
«The entire PriceHubble-team is extremely proud to announce this successful Series B funding. It is a major milestone towards accomplishing our vision of becoming the undisputed leader in data-driven digital solutions for real estate and finance in Europe and Asia», states Julien Schillewaert, CEO of PriceHubble.
PriceHubble is working to radically improve the customer experience across the real estate and mortgage value chain by developing data-led and machine learning-based real estate products with a focus on valuations, predictive analytics, and actionable insights, all embedded in a state-of-the-art visualisation. PriceHubble’s products and tools provide a new level of market transparency and enable PriceHubble’s B2B customer base to leverage the power of big data analytics for them and their end customers, ultimately achieving a higher level of transparency and smarter real estate decisions.
The financing round was strongly oversubscribed and was led by Digital+ Partners, the leading European Growth Equity Investor focused on international B2B Software investments. Furthermore, Latitude Ventures, the Series B+ sister fund of LocalGlobe, the London based VC with a very successful multi-year growth track in supporting high growth start-ups, and TX Ventures from Zurich, TX Group AG’s venture arm, joined the round among high-ranking business angels, including Dr. Martin Enderle, Chairman of Delivery Hero and former CEO of Scout24 Group, and strong support from existing investors, such as Swiss Life and btov/Helvetia Venture Fund.
PriceHubble will use the funds from this investment for its growth and expansion strategy, as well as to further extensively innovate in data science resources. Dr. Stefan Heitmann, Founder and Chairman of the Board of Directors of PriceHubble AG, adds: «With this new capital, PriceHubble can further accelerate the global market expansion and continue expanding our technology leadership in data driven solutions for the real estate and finance markets. It is one of the largest B-rounds in the European PropTech scene and I would like to thank both our existing and new investors for their trust and strong commitment».
«By successfully operating in nine international markets, we believe that PriceHubble is very well positioned to become the international category leader in residential real estate analytics», states Patrick Beitel, Co-Founding Partner and Managing Director at Digital+ Partners. «In combining an excellent team, a mature technology-driven organization and best-in-class UX, PriceHubble is ideally equipped to accelerate further growth opportunities, attract further top talent and scale-up the go-to-market organization internationally».
«Even though the marketing of real estate was first digitized more than a decade ago, many aspects of the sales and valuation process remain resolutely analogue meaning that each stage in the transaction process is fragile. PriceHubble is bringing data-driven valuation and predictive analytics to the sector to fix many of the problems that exist in real estate markets, increasing price transparency and ultimately serving buyers and sellers better. We have been hugely impressed by Julien and the PriceHubble-team and are excited by the ambitions they have set themselves», adds Remus Brett from Latitude Ventures.
Jens Schleuniger, Head of Portfolio Management at TX Ventures, comments: «PriceHubble’s software-as-a-service solution is a game changer in the real estate market. We were highly impressed by the team, the traction and the incredibly user-friendly interface that allows its users to determine a fair market value for a specific property within just a few clicks!»
About PriceHubble
PriceHubble is a Swiss B2B PropTech company that builds innovative digital solutions for the real estate industry based on property valuations and market insights. Leveraging big data, cutting-edge analytics, and great visualization, PriceHubble’s products suite brings a new level of transparency in the market, enabling their customers to make real estate and investment decisions based on the most accurate data-driven insights (such as valuations, market analyses, value forecasts or building simulations) and enhance the dialogue with end consumer. PriceHubble’s digital solutions are designed to help all players across the entire real estate value chain (banks, asset managers, developers, property managers and real estate agents). PriceHubble is already active in 9 countries (Switzerland, France, Germany, Austria, Japan, Netherlands, Belgium, Czech Republic and Slovakia) and employs more than 100 people worldwide.
About Digital+ Partners
Based in Frankfurt and Munich, Germany, Digital+ Partners is a leading technology growth equity investor focused on DACH and European technology companies with over €550 million assets under management. Digital+ Partners aims to support ambitious entrepreneurs build global technology leaders, providing them with strategic advice and long-term financial support to help them define and execute their growth plans. Digital+ Partners focuses exclusively on B2B technology companies and leverages a deep corporate network to help portfolio companies access new markets and build new partnerships.
About Latitude Ventures
Latitude Ventures is the series B+ sister fund to UK-based seed fund LocalGlobe. Latitude invests in emerging break-out companies from LocalGlobe, as well as more widely in the most ambitious founders. Latitude and LocalGlobe have been early investors in iconic companies including Transferwise, Zoopla, Improbable, Robinhood, Citymapper and Secret Escapes, as well as emerging stars including Tessian, TravelPerk, Flow Commerce and Raisin.
About TX Group
The TX Group is a network of digital platforms in Switzerland offering information, orientation, entertainment, and services to its users every day. The TX Group consists of four independent companies: TX Markets comprises the classifieds and marketplaces; Goldbach stands for advertising marketing in Switzerland, Germany and Austria; 20 Minuten combines the commuter media in Switzerland and abroad; Tamedia leads the paid daily and weekly newspapers and magazines into the future. TX Ventures, the venture arm of TX Group, invests in early stage companies that aim to disrupt the respective markets. As an active investor, TX Ventures supports its portfolio companies by leveraging its tech resources, network as well as the reach of the TX Group AG.
Anyline Raises $20 Million in Growth Funding Round to Answer Exponential Demand for Mobile Data Capture Technology
Latest round of funding for mobile AI vision technology company brings total venture capital investment to $37 million
Vienna/Boston – July 7, 2021 – Anyline, a market leader in mobile data capture, today announced that it has raised $20 million in a growth funding round to meet the rapidly growing global demand for mobile scanning technology. This round of funding is led by the European growth equity fund Yttrium and supported by Anyline’s existing investors, which include Project A, Senovo, Johann ‘Hansi’ Hansmann and PUSH Ventures.
Anyline’s AI-enabled mobile scanning technology is leveraged across a variety of industries around the world, including retail, logistics, manufacturing, law enforcement and automotive. Anyline solutions have also played a key supporting role throughout the pandemic by processing more than 1.6 million COVID-19 home testing kits in its headquarter city of Vienna.
“We celebrated our Series A round in January 2020 with enthusiasm for the potential of our data-capture technology and how it would be embraced by the market,” said Lukas Kinigadner, CEO and co-founder, Anyline. “We never could have anticipated how 2020 would accelerate our growth, as we fulfilled the critical need that businesses had to deliver safe, contactless digital experiences. Companies have been challenged to do more, at a faster rate, often with far fewer resources. Anyline’s technology has helped them to gain efficiencies and reduce the errors that can occur with manual data entry. Energized by our increased momentum over the past year, this latest round of investment will enable us to substantially grow our team as we strive to make mobile data capture even more intuitive and attainable for businesses today.”
Founded in 2013, Anyline now supports more than 250 companies and governmental organizations using its scanning solutions to digitize their data and improve operational efficiency. The company has strategic partnerships with industry leaders such as Zebra Technologies and Motorola, and key customers include Discount Tire, PepsiCo, E.ON, Tata, Comerso, Canon, and the World Food Programme.
Since Anyline’s Series A funding round last year, the company has released its proprietary AI platform, Anyline Trainer, a web-based, end-to-end computer vision and machine learning suite that can train a custom Optical Character Recognition (OCR) scanner in hours. The solution automates the process of developing a tailor-made mobile data capture solution, reducing a process that normally takes weeks to only a few hours for a working prototype. Using this technology, Anyline has created new solutions for the likes of Discount Tire and Tata. The company has also recently developed ID scanners for Arabic text and will soon launch Cyrillic text recognition.
The company has also expanded outside of Austria with the opening of its U.S. headquarters in Boston. With a current staff of 100 between the company’s Vienna and Boston offices, Anyline plans to expand the team further in the next 12 months. The company also announced two new appointments to its executive team, with Christian Stadlman, former SVP Global Sales of Aurea Software, starting as the company’s new chief revenue officer alongside Dan Sirk, former CMO and managing director of employer-rating platform kununu, who joined Anyline as chief marketing officer in November 2020.
“Investing in companies building best-in-class technology is our strategic focus, and we felt that the opportunity to financially support Anyline was a natural fit for our portfolio,” said Tim Kindt, partner, Yttrium. “Anyline understands the complexities of doing business today, made even more challenging by the new digital imperatives introduced by the pandemic. The mobile scanning capabilities that companies obtain by working with Anyline is second to none, and the team supporting the technology behind the scenes is one of a kind. We look forward to great things from the Anyline team and are proud to be involved in their future success.”
“At Anyline, we’re truly defining the future of mobile data capture, and it has been a thrill to have jumped in at such an exciting time,” said Christian Stadlmann, CRO, Anyline. “The past year has proven the need for companies to not only employ contactless and easy-to-use technology, but also to keep a pulse on consumer demand to provide an ideal user experience. For example, research that we conducted in May 2021 found that 70% of U.S. consumers would be happy to use biometric identification like face scanning or liveness detection to register or instantly complete transactions on a mobile banking app. Reinforced by our latest funding, we look forward to driving even more innovation around optical character recognition and data capture, watching consumer trends closely to inform our roadmap as we go.”
About Anyline
Founded in Vienna in 2013, Anyline has established itself as a market leader in mobile data capture. Using the newest and most innovative artificial intelligence approaches, Anyline enables any mobile device to process written characters and barcodes in real time, even when offline.
Anyline mobile data capture technology is CCPA/GDPR compliant, processing all data collected securely on the users’ device, and removing any chance of data interference. It’s not only more accurate than manual data entry, but also works 20 times faster. These scanning solutions are trusted by household brands such as PepsiCo, Discount Tire and IBM, as well as national governments and the United Nations. For more information, visit www.anyline.com.
eStoreMedia – software supplier to Fortune 500 brands completes $30m fundraise
- Kennet Partners and Digital+ Partners are first external investors in the company
- Investment will be used to advance digital shelf automation technology and expand into new geographies
June 2021: eStoreMedia, the digital shelf software for Fortune 500 brands has raised $30 million in its first fundraise through investment by Kennet Partners and Digital+ Partners. The firm, which already counts many of the Fortune 500 brands as its clients, will use the investment to accelerate eStoreMedia’s digital shelf automation suite for brands, as well as for expansion into new markets.
This is the first external investment in the company and both investors have significant experience in building SaaS and B2B focused businesses as they look to accelerate their growth. Kennet Partners is a leading European technology growth equity investor focused on bootstrapped and capital efficient companies, and it has invested alongside Digital+ Partners, a leading growth equity investor focused on B2B technology companies.
In addition to the $30 million invested in the company, eStoreMedia plans to bolster its Board of Directors with leading industry experts to support and drive the company’s international growth strategy as it looks to expand into the US market and accelerate in existing markets such as the UK, Mexico, Poland, and the DACH region.
eStoreMedia uses the knowledge of branding experts combined with tech engineers to develop solutions which change the way brands, and their e-commerce retail partners, work together. It creates seamless platforms for integrated analytics, e-content automation, and shopper research for ultimately better brand positioning and consequently sales. It has a global footprint with over 1000 e-retailers and hundreds of global brands.
Bartosz Kielbinski, founder and CEO, eStoreMedia, said: “We are extremely excited about the opportunities our new investment will bring. We plan to accelerate our vision of creating the most complete Digital Shelf Automation platform for brands, revolutionizing how they manage their e-commerce retail partners. We recognise the value of our people and the expertise we have from a branding perspective which makes us unique when it comes to developing technology which makes a difference. This new investment is exciting for our global teams as we can make even more great ideas come to life.”
Hillel Zidel, Managing Director, Kennet Partners, said: “eStoreMedia is a great example of the type of bootstrapped B2B SaaS company that we love to invest in. We see huge potential in the business: they are revolutionising how brands manage e-commerce and have ambitious plans for tech development which will retain their industry leading offering. We look forward to working with the team as they embark on the next stage of growth.”
Dirk Schmuecking, Partner at Digital+ Partners said: “We have been thoroughly impressed by eStoreMedia’s accomplishments to date and look forward to supporting the team’s growth strategy to become the category leader for digital shelf analytics. With the new financing, eStoreMedia is well-positioned to accelerate product roadmap opportunities, attract further top talent and scale up the go-to-market organization globally.”
eStoreMedia was advised by Michal Frys and CP Legal. The investor consortium was advised by Goodwin as legal advisor, Smith & Williamson and Code & co as financial and technical advisors respectively.
About eStoreMedia
eStoreMedia provides an e-commerce automation suite that helps Fortune 500 Brands accelerate online sales. eStoreMedia’s suite of SaaS tools integrates Digital Shelf Analytics, Product Information Management and Al?based Research Methodologies to streamline e-commerce processes and drive Perfect Store implementation across thousands of online e-retailers in over 50 markets globally.
About Digital+ Partners
Based in Frankfurt and Munich, Germany, Digital+ Partners is a leading technology growth equity investor focused on European and US technology companies with over €500 million assets under management. Digital+ Partners aims to support ambitious entrepreneurs build global technology leaders, providing them with strategic advice and long-term financial support to help them define and execute their growth plans. Digital+ Partners focuses exclusively on B2B technology companies and leverages a deep corporate network to help portfolio companies access new markets and build new partnerships. For more information please visit: www.dplus.partners
About Kennet Partners
Kennet is a leading international growth equity firm that invests in high-growth companies in Europe and North America. The firm supports entrepreneurial technology businesses with expansion capital to accelerate growth and build exceptional shareholder value. Kennet is an experienced investor with approximately $1 billion of cumulative funds under management. For more information: www.kennet.com.
Kennet’s successful investment model focuses on bootstrapped companies which are often founder-managed and have previously received little external investment. Kennet provides knowledge, contacts and investment to SaaS companies where there is significant potential for growth. Other recent investments by Kennet include Onfleet, Grip, Provar Testing, Scoro, LoyaltyLion, eloomi, receiptbank and Nudge.
Kennet Partners Limited is authorized and regulated in the United Kingdom by the Financial Conduct Authority.
We’re delighted to share that Zencargo has successfully raised £30 million as part of our Series B funding round.
This marks an exciting next step for Zencargo – and at a time when supply chains have never been more important.
We’d like to thank our lead investor Yttrium for supporting us, as well as our other investors in this round, including our Series A champion, HV Capital. This round brings our total investment to date to £42 million.
Making supply chain advantage more accessible
With this investment, we’re able to add even greater resources to the pursuit of our mission: to make our customers’ supply chains their competitive advantage.
We’ll be doing that by expanding our team significantly (go and check out our open roles!), as well as further developing our product.
We will also be looking to increase our presence internationally. We’ll be opening new offices in the Netherlands, Hong Kong and the US, so we can offer more in-depth, flexible support to our customers across the world.
Built on customer success
We founded Zencargo on the belief that there was a better way to run supply chains using technology. Our customers, and the results they have achieved, are proof of that.
One is using shipment data from the Zencargo platform to power real-time delivery estimates on their e-commerce website. Another now has full order visibility down to the SKU level, so they can tell their customers exactly what’s due to arrive when. Across the board, we see our customers standardising and optimising their inbound supply chain, with Zencargo as their trusted freight partner.
And with the time saved from chasing and fire-fighting, supply chain teams can get back to their core strength: driving longer-term, strategic value. One particular Zencargo customer was able to work more closely with the Product Design team to make packaging more space-efficient. In one stroke, they have helped reduce landed cost per item, and made their inbound supply chain more environmentally sustainable. Of course, our team was on hand to help build out accurate loading plans.
Growing as a team
Speaking of our team, we wouldn’t be where we are today without their initiative, creativity and commitment to delivering the best possible outcomes for our customers.
When the news broke of the Ever Given blockage, our team immediately sprang into action to create a live dashboard, mapping all Zencargo shipments with vessels that were affected by the blockage. They then worked directly with affected customers to arrange mitigations and alternative plans. In moments like this, the culture we have built at Zencargo shines through.
Raising a Series B is an exciting time for any business. We’re thrilled to be starting on the next stage of our plan, not least because we believe Zencargo is doing something special. We’re combining unrivalled industry experience and knowledge with technology that’s purpose-built to make our customers’ supply chains more efficient, more cost-effective and more sustainable. We’re already creating value for our customers – and this is only the beginning.
Alex and Richard
Co-founders of Zencargo
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New investment will fuel LogPoint’s global growth and leadership in providing effective solutions that defend organizations from Cyberattacks.
COPENHAGEN and BOSTON – September 30, 2020 – LogPoint, the Modern SIEM and UEBA company, has raised $30m in Series B funding. This round was led by the Germany-based growth equity investor Digital+ Partners with significant participation from existing investors, including Evolution Equity Partners. With the Series B investment, LogPoint has raised a total of $42m.
“With this Series B capital raise, LogPoint is well positioned to continue on an ambitious growth journey. We have world-class SIEM and UEBA technology recognized by global customers, partners and leading industry analysts. We have a unique business model and have established a solid presence in the major markets in the U.S and Europe. Now it is time to further expand in our key markets continuing our strong growth in the years to come,” says LogPoint CEO Jesper Zerlang.
LogPoint is a Visionary in the Gartner Magic Quadrant for SIEM. With its Modern SIEM and UEBA solution, the company addresses an annual market expected by Gartner Research to grow to $5,3bn in 2022. The LogPoint Modern SIEM solution address markets like application security, compliance and threat intelligence, and serves as a platform for MDR providers, effectively tripling the annual addressable market.
“In LogPoint, we’ve identified an ideal combination of technology, intellectual and human capital, and growth potential, which makes the company a perfect fit for our portfolio. Our key focus is supporting global scale-up strategies, and with more than 1.000 customers globally, LogPoint is ready to scale,” says Thomas Jetter, co-founder and managing director of Digital+ Partners.
Following the investment, Jetter will join the LogPoint Board of Directors, which includes Evolution Equity Partners founder and managing partner Richard Seewald.
“LogPoint has been defining the evolution of SIEM, moving from next-gen to Modern SIEM, pioneering AI-powered UEBA, Automated Investigation, and native support for the growing MSSP and MDR market. The company has taken meaningful steps to expand from its European home market to the U.S., and will continue to delight customers in these markets,” says Seewald.
Cybersecurity is at the top of the digital agenda in the U.S. and Europe and LogPoint remains the leading European SIEM provider, and the only EAL3+ certified SIEM solution in the global market.
“Cybersecurity awareness in Europe has taken a quantum leap in the past years. In 2017 it was hard to explain the value of a SIEM solution, whereas U.S. enterprises were already replacing legacy SIEM solutions. Today, Cybersecurity awareness is truly global, and SIEM is universally recognized as a cornerstone technology. I am thrilled that we are playing an important part in securing global digital infrastructures,” says Søren Laustrup, founder and Managing Director LogPoint Americas.
LogPoint’s Modern SIEM and UEBA solutions provide the analytics and automation tools that enable customers to securely build, manage and effectively transform their businesses. LogPoint supports cybersecurity, compliance, IT operations and business analytics. With the recent acquisition of agileSI from Orange Cyberdefense, LogPoint has added security for ERP systems to the portfolio with LogPoint for SAP.
About LogPoint:LogPoint is committed to creating the best SIEM in the world. We enable organizations to convert data into actionable intelligence: supporting cybersecurity, compliance, IT operations, and business analytics. LogPoint’s Modern SIEM with UEBA provides advanced analytics and AI-driven automation capabilities that enable our customers to securely build-, manage, and transform their businesses. Our flat licensing model, based on nodes rather than data volume, drastically reduces the cost of deploying a SIEM solution on-premise, in the cloud or as an MSSP. LogPoint is easy to implement and offers unparalleled time-to-value. And don’t just take our word for it. 1.000+ customers agree, our service is consistently receiving a 96% customer satisfaction rating. For more information, visit www.logpoint.com.
quantilope Raises $28 Million in Series B to Further its Growth and to Disrupt the Consumer Insights Industry
NEW YORK, July 23, 2020 /PRNewswire/ — Market research innovator quantilope today announced a $28 million Series B fundraising round, bringing its total amount raised to $40 million.
The Series B investment was led by Yttrium with Silicon Valley Bank providing debt financing and participation from quantilope’s existing investors at Dawn Capital, Senovo, and Surplus – a mark of continued trust and excitement in quantilope’s technology. The funds will be used to further expand quantilope’s offering in Europe and the US with a focus on growth in the American market. quantilope will also leverage the capital to further develop their technology through AI, automating additional research methodologies, and creating a greater emphasis on support, empowerment, and collaboration in the supplier/client relationship.
“The entire quantilope team is super excited to announce our Series B funding, a major step towards achieving and accelerating our mission to enable agile insights at a global scale,” explained quantilope CEO Peter Aschmoneit. “Now more than ever, we see the need for fast and deep consumer insights for brands to stay closely connected to their consumers radically changing motivations, needs, and behaviors. The future of insights is about speed, efficiency, high-quality data, and collaboration among teams. quantilope is leading the way.”
quantilope is an agile insights platform automating advanced consumer research methodologies on an end-to-end platform for holistic project management. quantilope’s automated end-to-end platform delivers results 3x faster than traditional research agencies with an average turnaround time of 1 – 5 business days. This includes the questionnaire design, panel management, live reporting, in-depth analysis, and data visualizations.
“We believe that quantilope is exceptionally well positioned to modernize the market of market research by digitizing the workflow of consumer insights generation,” stated Thomas Jetter, partner at Yttrium. “Above all, the combination of an excellent team with strong technical competence and a mature technology platform convinced us. We are delighted to be on board and to further support quantilope on its way to becoming the leading international Agile Insights platform.”
“quantilope’s leading platform and its team continues to convince us of their strong future. We are very confident that they’ll successfully scale and expand their business globally. We’re pleased to be part of their growing success story and are here to continue to provide support, when they need it,” said General Manager of Silicon Valley Bank’s Germany Branch, Oscar Jazdowski.
quantilope was founded in Hamburg, Germany in 2014 and expanded into the US in 2019 following an initial Series A investment. quantilope has served over 200 clients world wide and in the past year their US-based client list has increased more than 450%. In 2020, quantilope earned a spot on the Deloitte Tech Fast 50 list in Germany and debuted on the GRIT report’s Top 50 Most Innovative Companies List. The GRIT report is the most comprehensive and widely read analysis of the insights industry, ranking the leaders disrupting the market research space.
“quantilope has grown more than tenfold since Senovo’s first investment – made possible by a new approach to agile and innovative market research. We are very impressed with the success of the team and look forward to supporting them in the future to contribute to innovative market research,” explained Markus Grundmann, Partner of Senovo Capital.
“The current market research industry is valued at over $47 billion globally with the largest markets in the US, followed by the UK and Germany,” said Aschmoneit. “The massive industry illustrates the demand for consumer insights to drive informed decision making and fuel growth for brands and organizations across all sectors. A demand that quantilope is eager and ready to serve.”
About quantilope: quantilope is an agile insights platform automating advanced research methodologies including Conjoint, MaxDiff, TURF, Implicit Association Tests, Tracking and more. Our end-to-end platform maps the entire market research process from the research question to the questionnaire design, professional panel management, live reporting, in-depth analysis, and data visualization. The average project turnaround time is 1 – 5 business days.
MUNICH, Germany and BOSTON, Mass. – (Nov. 5, 2019) —riskmethods, a global leader in supply chain risk management, has announced the hiring of Patrik Heider as the company’s first Chief Executive Officer, joining riskmethods in January 2020. As CEO, Heider will oversee the company’s business operations, with a strategic focus on driving sustainable global growth, increasing market leadership and fostering operational excellence across the organization. Heider currently serves as Spokesman of the Executive Board and CFOO at the Nemetschek Group, one of the largest architecture, engineering and construction software companies in the world.
“Our mission is to empower companies to master supply risks and create reliable supply networks,” said Heiko Schwarz, founder and managing director of riskmethods. “The addition of Patrik enables us to better scale our global business and empower more customers to protect their reputations and profits.”
Today, Heider leads the Nemetschek Group, a pioneer for digital transformation in the architecture, engineering and construction (AEC) industry, with 16 brands, 5 million customers worldwide and over 2,500 employees. During Heider’s tenure at Nemetschek, market capitalization grew to more than 6.5 bn €, and the company experienced strong growth in several key markets, including the United States, where annual revenue grew by nearly 50% per year.
“Patrik will play a key role in establishing riskmethods as the undisputed global leader for supply chain risk management,” said Rolf Zimmer, founder and managing director of riskmethods. “His addition represents a significant investment in our team and affirms our commitment to employees, customers and investors.”
riskmethods continues to experience rapid growth and customer adoption of its AI-powered supply chain risk management solution, which enables organizations to automate risk detection, analyze potential supply chain impact and mitigate potential risk. Today, riskmethods customers monitor over 300,000 sites and hubs, protecting nearly $1 trillion in revenue.
“Supply chain risk management is critical for business survival and growth, especially in today’s highly-connected and unpredictable economy. riskmethods brings a differentiated, data- and technology-driven approach to supply chain risk that offers tremendous value and competitive advantage,” said Patrik Heider. “riskmethods holds a strong leadership position in a fast-growing market. I’m thrilled to join the team and look forward to helping establish riskmethods as the clear category leader and serving as a trusted partner for companies looking to master supply risk.”
Founders Rolf Zimmer and Heiko Schwarz will remain in their roles as managing directors. Schwarz will continue to strengthen riskmethods’ go-to-market strategy and Zimmer will lead product strategy and development.
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In Mind Cloud Raises EUR 16 Million in Series B Funding led by Digital+ Partners to Fuel Continued Growth and Geographic Expansion
Munich, Singapore, Shenzhen, 24/09/2019 – In Mind Cloud, provider of a leading, cloud-based manufacturing sales platform, today announced the completion of a EUR 16 million Series B financing round, led by Digital+ Partners. Existing investors also contributed to the round.
In Mind Cloud was founded in 2012 to help make sales more successful and profitable for manufacturing companies. From the very beginning, the company’s multinational team of software enthusiasts and industry experts has been driving innovation for manufacturing clients around the globe.
In 2018 In Mind Cloud launched its next-generation ‘Manufacturing X’ sales platform. This unique offering combines the power of CRM and CPQ (Configure, Price, Quote) with real-time manufacturing data, workflows and business intelligence. In Mind Cloud’s customers have been able to use the ‘Manufacturing X’ platform to rethink their business models, achieving a step-change in top-line growth whilst also reducing production error rates and processing times by a factor of 3.
Today In Mind Cloud is serving a global blue-chip customer base across multiple manufacturing verticals, including Benteler in Germany, Mindray Medical in China and Netafim in Israel.
The total transaction volume on the ‘Manufacturing X’ platform has already exceeded USD 100 million per week, highlighting how In Mind Cloud’s platform is emerging as the industry standard backbone for manufacturing CRM. To support this ambitious objective, In Mind Cloud recently appointed Karan Sood, a seasoned software industry veteran and CRM thought leader, as Chief Technology Officer (CTO) to lead the next phase of expanding In Mind Cloud’s CRM strategy for manufacturing industries.
With the Series B funding, In Mind Cloud is now looking to capitalize on its strong growth momentum and build up its sales & marketing organization across China, Germany and the US, whilst also continuing to make significant investments in global customer support and accelerating the company’s ambitious technology roadmap.
Dr. Christian Cuske, CEO of In Mind Cloud, states: “There is a pressing need to have future ready CRM platforms that match manufacturing vertical needs. ‘Manufacturing X’ is designed to address the very core manufacturing challenges around time to market, customer experience with lot sizes of one, and building new, digital business models. I am excited that with our investors we have found trusted partners who support our company’s goal and share our view on the product’s global market potential.”
“We have been impressed by In Mind Cloud’s accomplishments to date and strong traction with blue chip customers globally,” said Dirk Schmücking, Managing Director and Founding Partner at Digital+ Partners. “We are pleased to be investing in technology that enables digital transformation strategies in the context of Industry 4.0 and look forward to supporting In Mind Cloud’s management team towards building a global market leader for advanced manufacturing sales CRM/CPQ solutions.”
About In Mind Cloud:
In Mind Cloud (www.inmindcloud.com) is a leading provider of an innovative manufacturing sales platform. In Mind Cloud’s solution “Manufacturing X” combines CRM and CPQ with production expertise and intelligent insights to transform the profitability of manufacturing and engineering businesses. Based on the SAP Cloud Platform In Mind Cloud’s solution is deeply integrated into manufacturing processes and front-end sales operations. In Mind Cloud is operating globally through its offices in Germany, Singapore, China and a high-value partner network.
VMRay, a provider of automated malware analysis and detection solutions, today announced that it has closed its Series B round of funding in the amount of $10 million (€9 million) led by Yttrium, one of the leading technology growth equity firms in Europe, and supplemented eCAPITAL, an early investor. This brings the total amount raised by the company to approximately €12 million following previous funding rounds led by eCapital and High-Tech Gruenderfonds. The company will use the new funding to expand its marketing program to reach new vertical markets, bolster its engineering team to enhance its platform capabilities, and better support its’ MSSP and VAR partners through an expanded channel program.
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VMRay Press Release
Seven Senders, the leading delivery platform to ship parcels in Europe, closes a Series B follow-up round. The lead investor Yttrium, a leading growthequity investor focusing on B2B technology companies, leadsthe investment round, in which existing investorbtov Partners invests as well. Seven Senders intends to use the fresh capital to promote further growth and interna-tional expansion.
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