Investment News from Bavaria: The most exciting investments in the third quarter of the year
2020 will probably go down in history as the Year of the Coronavirus. Nevertheless, the innovative spirit of Bavarian start-ups and the willingness of investors to invest is unchecked. Even in the third quarter, there were some very interesting rounds of investment. We’d like to present a few of them to you in this Investment News from Bavaria.
New chapter for health start-ups
Many Bavarian companies in the health sector, whose innovations made the coronavirus pandemic much easier, were able to bring in investments in the second quarter of this year. There are two Bavarian start-ups in this investment ticker that want to use their digital health applications to revolutionise the health sector.
Kaia Health: The start-up is developing digital treatment solutions for conditions like arthrosis or back pain using “motion tracking” technology.
- Investment: EUR 23 million
- Investors: Healthcare VC Optum Ventures, Idinvest, Capital300, Balderton Capital, Heartcore Capital, Symphony Ventures
Tubulis: The biotechnology start-up is working on novel technologies to facilitate more targeted, gentler treatments for cancer patients.
- Investment: EUR 10.7 million
- Investors: Biomedpartners, High-Tech Gründerfonds (HGTF), Seventure Partners, Coparion, Bayern Kapital, Occident, a business angel and several private individuals.
New chapter for Bavarian software start-ups
Even in the field of novel software solutions, new companies from the Free State have received considerable sums from new and old investors.
Userlane: The start-up’s digital adoption solution helps corporate employees to use software more quickly and to better manage software support issues. Userlane wants to use its technology to accelerate digitalisation within companies.
- Investment: EUR 10 million
- Investors: Five Elms Capital, Capnamic, High-Tech-Gründerfonds (HTGF), Main Incubator
Pricefx: The company from Pfaffenhofen has developed a cloud pricing software to simplify the sales process. The algorithm calculates the ideal price for online stores based on factors such as warehouse stock, competitor prices, user data and operating expenditures costs.
- Investment: USD 65 million
- Investors: Apax Digital, Digital+ Partners
New money for start-ups in the field of renewable energy and sustainability
The demand for renewable energy and sustainable innovations has grown enormously as a result of the dangers of climate change. Two start-ups from Bavaria were able to convince investors and partners to invest in the third quarter of this year thanks to their innovations in this field.
VoltStorage: The VoltStorage-Heimspeicher domestic energy storage unit – developed in-house by the start-up – uses vanadium redox flow storage technology to allow private individuals to store the solar energy they have produced themselves and to use it around the clock.
- Investment: EUR 6 million
- Investors: SOSV, Energie 360°, Korys, Bayern Kapital, EIT InnoEnergy and several business angels around Matthias Willenbacher
The Mobility House: The company develops and sells charging stations, charging accessories and charging management solutions for electric vehicles.
- Investment: EUR 15 million financing contract
- Contract partner: European Investment Bank (EIB)
#SuccessInBavaria for #tech#startup@mobility_house! The #business with their smart charging technology for #electricvehicles received €15 million from @EIB— Invest in Bavaria (@InvestinBavaria) September 10, 2020
We wish them #success in implementing electric cars into the European power grid! https://t.co/hRAVts4F2s
More interesting investments in the third quarter
Bavaria has a diverse start-up landscape. Other investment news from a wide variety of fields, such as <LINK>Fintech</LINK> or 3D printing, really illustrate the Bavarian innovative spirit, the well-functioning economic ecosystem and the advantages of the location of the Free State.
NavVis: The company’s novel technology is able to carry out inch-perfect mapping and navigation of interior spaces. This allows entire buildings to be recorded three-dimensionally within a very short time.
- Investment: EUR 20 million financing contract
- Contract partner: European Investment Bank (EIB)
Dyemansion: This start-up provides industrial 3D printing finishing systems, e.g. for digital or additive production.
- Investment: EUR 12 million
- Investors: Nordic Alpha Partners (NAP), UVC Partners, Btov Partners, KGAL, AM Ventures
Scalable Capital: This company is a digital broker and investment manager for private individuals and corporate customers that wants to use its technology to simplify investment.
- Investment: EUR 50 million
- Investors: Blackrock, HV Holtzbrinck Ventures, Tengelmann Ventures
Demodesk: The start-up has developed a screen-sharing platform that can be used for online sales talks and virtual meetings. An ideal solution for maintaining a functional workflow right now in the middle of the coronavirus pandemic.
- Investment: EUR 6.7 million
- Investors: Balderton Capital, Target Global
With their online sales meeting platform @demodesk scores a great #SuccessInBavaria! The #startup raises $8M in a Series A funding round led by @balderton and @TargetGlobalVC We wish the #business based in #Munich further #success!https://t.co/b2pnsaqjDU— Invest in Bavaria (@InvestinBavaria) September 15, 2020
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