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05. Jun 2019

nuventura closes funding round

...to enable an electricity grid without SF6

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05. June 2019 nuventura closes funding round

Berlin, 5. June 2019 - nuventura, a pioneer in sustainable electricity grid technologies, closes its seed investment round including E.ON, VC Fonds Technologie Berlin managed by IBB Beteiligungsgesellschaft mbH, Apex Energy Teterow and existing investors. Previously, the company had issued convertible loans to finance its early stage development which were now also converted into shares in the company. After the investment, several grants, loans and national and international innovation prizes won, the company now has a substantial 7-digit EUR amount at hand to realize its upcoming goals and milestones.

nuventura will use the new investment to continue certifying its sustainable, patented technology for gas insulated switchgear for commercial application in the medium voltage range and to enter the market for switchgear technologies as a technology licensing company. The new funds will also be used to realize several installations of nuventura’s technology in electricity grids in and outside Germany and to develop additional products based on the company’s patents.

The core principle of nuventura’s technology is the avoidance of sulfur hexafluoride (SF6) – the most potent greenhouse gas in existence – in its designs for gas insulated switchgear (GIS). GIS are a fundamental component of any electricity grid. Instead of SF6, nuventura uses simple dry air in its switchgear design, while keeping all benefits of the SF6-technology.

SF6 has a global warming potential (GWP) of 23500, meaning that once released, its greenhouse effect is 23500 times stronger than the effect of CO2. It is a synthetic gas for which neither a natural sink exists, nor an effective disposal method is at hand, making its accumulation in the atmosphere virtually irreversible. On top of this, the gas is extremely long-lived: SF6’s atmospheric lifetime is 3,200 years. Because of its strong global warming effect, its actual emissions equal to the CO2 emissions of approximately 100 million cars per year. While 85% of the total global SF6 production is used inside gas insulated switchgear (GIS), nuventura aims to replace this use case with its technology, to effectively abandon the use of SF6 at all.

“Our technology is currently unique in its market segment of medium voltage applications, because we managed to make it simpler and competitive with current technologies while adding additional benefits relevant for future smart grids.” says Manjunath Ramesh, co-founder and managing director of nuventura. “We just use the air we breathe as a replacement of SF6. This simplifies production and operation substantially”, he adds.

In addition to its new investors, nuventura is supported by a strong setup of existing investors and supporters, including experts from the industry such as Dr. Arndt Neuhaus, policy experts such as Dr. Christoph Wolff and Caio Koch-Weser or Dr. Kaveh Niayesh, Professor for power electronics at NTNU in Trondheim, Norway.

“Our aim as an accelerator and seed investor is to partner with startups that developed trendsetting tech, have a great and diverse team and that are able to set up pilots with the E.ON businesses,” says Inga Land, Managing Director of :agile accelerator GmbH. “Nuventura brings all that along and we are looking forward to keep working with them.

Apart from the investment, it is planned to launch a pilot project together with E.ON’s network operator E.DIS at a location near Berlin. “

As an ecologically responsible network operator, we are highly interested in finding alternatives to SF6 technology and actively contribute to climate protection.” states Dr. Alexander Montebaur, Chairman of the Board of E.DIS AG. “We consider the innovative approach of nuventura as very promising.

Earlier this year, the electricity grid operator EWS Schönau already announced to install nuventura’s technology in its grid in 2020.

“We are very happy to see a deep-tech company like nuventura evolve in Berlin and strongly believe in its potential to shake up a whole industry from here. The case is very compelling for us and shows, that sustainable technologies and solid business cases can go hand in hand”, says Philipp Roth from IBB Bet.

Contact:

Ira Garbuz

nuventura GmbH

Jablonskistr 21

10405 Berlin

Tel: +49 30 120 875 297 

Mail: ig@nuventura.com

 

About IBB Beteiligungsgesellschaft

IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides venture capital to innovative Berlin-based companies and has established itself as a market leader in the field of early stage financing in Germany. The funds are used primarily for the development and market launch of innovative products or services, as well as for business concepts of creative industries. Currently two of the funds managed by the IBB Beteiligungsgesellschaft are in the investment phase, the VC Fonds Technologie Berlin II with a fund size of 60 million euros and the VC Fonds Kreativwirtschaft Berlin II with a fund size of 40 million euros. Both VC funds are financed by means of the Investitionsbank Berlin (IBB) and the European Fund for Regional Development (EFRE) administered by the State Berlin. Since 1997 the IBB Beteiligungsgesellschaft, in consortia with partners, has made 1.43 billion euros available to creative and technology-orientated companies; thereof, the portion invested by IBB Beteiligungsgesellschaft itself, as lead, co-lead or co-investor, was approximately 200 million euros.

Contact:

Philipp Roth

IBB Beteiligungsgesellschaft

Bundesallee 210

10719 Berlin

 

Tel: +49 (0)30 2125 3201

Mail: venture@ibb-bet.de

04. June 2019 I(BB) Bet. You should speak to us.

For more than 20 years now we have been investing in Berlin-based startups and shaping the city’s ecosystem together with our founders and co-investors. Babbel, Blinkist and Thermondo are only three examples of more than 70 active companies we support. Each located in Berlin. You can see them all here on our website. Together with all of our partners we already invested more than 1.4 billion EUR — and that number grows every week.

We are extremely proud of this awesome development and highly curious about all the new startups accomplishing their great ideas, interesting new funds located in Berlin and international investors funding companies here. That means many new people shaping and enriching the scene.

With each and every one of you out there we would like to share our 20+ years of experience on our Medium Blog IBB Bet. Insights, unique insights into the Berlin startup scene and relevant stories about us and our portfolio (more under Stories & Insights). We want to provide you with valuable templates and tools to support you in reaching your goal faster (more under Templates & Tools).

But first: Who are we and how do we invest?

We are the Public VC for Berlin. We sponsor the city’s economy with our venture capital funds and aim to strengthen the startup ecosystem — and very grateful of all amazing achievements. In 2018 we were involved in one fifth of all deals in Berlin ending the year with 53 closings. That makes us the most active investor in the city. Our initial investments are usually Seed or Series A tickets in the range between 200k EUR and up to 1M EUR. In some rare cases even more. For each investment we follow our investment principles:

We are local. We only invest in Berlin-based companies. Becoming a successful entrepreneur is hard. It is very hard. You could compare it to an iceberg. The broad public sees the success on the outside. On the inside founders go through countless hours of hard work, make highly difficult decisions on a daily basis, encounter frustration and emotions on their way. Our regional closeness allows us to really support our founders and we enjoy building this bridge for our international co-investors.

Stronger together. We live co-venturing and it is deeply rooted in our DNA. We strongly believe that appropriate diversification of risks between two or more investors* is a blessing for ventures in early stages. Not only due to the (additional) money, but especially because it leads to more fruitful discussions and then better decisions, a wider network, more experience and more resources. Hence having a second investor pouring in around 50% of the necessary financing is a preferred set-up for us. Within a setting like this we can act as lead, co-lead or follower. In doing so we make our own decisions and stand up for our opinion.

It’s a marathon, not a sprint. If we believe in our founders, we know they can succeed. Mutual trust and open communication is the foundation that allows us as early-stage investor to have the necessary patience to work towards their vision. Even if the way from A to B is nebulous from time to time, we stay by your side.

What makes us different as Public VC?

Our LPs are not private investors. We manage Berlin’s public funds. All returns are reinvested to further strengthen our funds and subsequently our position as VC. Each company in our portfolio contributes to the next startup generation in Berlin when making a successful exit. That means while managing our venture capital funds effectively we have a meaningful share in Berlins economic development:

  • We strengthen companies that aren’t bankable due to their innovative products and development phase.
  • We indirectly provide new jobs by financing fast growing startups in the city.
  • We work towards establishing Berlin as tech and innovation hub.

Through successful exits there is an exponential effect as those founders often become business angels. Some of them even raise their own VC fund.

Overview.

  • More than 70 startups in our portfolio
  • 252M EUR under management
  • 100M EUR in the investment phase
  • 13 investment professionals
  • Hyperlocal in Berlin
  • Industry agnostic
  • 1.4 billion EUR invested with co-investors
  • More than 300 active investors in our current portfolio
  • 29 exits since 2014
  • On average 1 deal/week (new and follow-on investments)

Summarized.

Whether you are looking to raise funds for your startup or seeking to broaden your network in general and are looking for a strong partner at your side, please get in touch asap. Feel free to chat with our founders. They are our strongest advocates.

Contact us.

It’s highly likely that you can just easily meet us at one of the many startup events in Berlin. And it is certain that someone with some relation to us or our portfolio is attending. However, if we miss you: We check each and every inquiry!

And we are super excited to kick off our new Office Hours on June 26th from 10 am to 2 pm at Unicorn Berlin, Brunnenstraße 64, 13355 Berlin. Send us a mail to venture@ibb-bet.de, if you want to reserve a 30 minute slot. We aim to give you an easy opportunity to reach out to us and ask questions around fundraising.

Here you can subscribe to our Newsletter, which we send 4–6 times a year.

*Investors: institutional VCs, business angels, family offices, strategic partners, experts, etc.

 

Image rights: Philipp Dase

08. May 2019 Welcome to our Portfolio: SkillYoga

  • Yoga platform SkillYoga closes a mid 6-digit amount in seed funding with the goal to make Yoga more accessible for men
  • Their offer is targeted towards athletes from other sports
  • A training algorithm adapts the training to the user's preconditions and training goals

Berlin May 8th, 2019 - SkillYoga - the first digital yoga coach for men - announced today that they raised a mid-6-digit amount in their seed financing round. The round was co-lead by VC Fonds Kreativwirtschaft administered by IBB Beteiligungsgesellschaft and leAD Sports. Business angels Dr. Dominik Reinartz and Tobias Teuber joined the round as well.

According to Timko Linssen, Founder of SkillYoga, the investment is being used to produce further yoga content, develop the app and expand within the US and UK market. The goal is to become the number one training system for all men who want to do yoga.

SkillYoga is the first digital yoga coach that adapts to the needs of its users. Whether the user never stepped foot on a yoga mat or whether he is an experienced Yogi - based on a short test the algorithm creates the perfect training plan which continuously learns. Just like in professional sports, yoga is being offered to complement and counterbalance training in other sports and is neatly integrated into the training plan. While doing so, SkillYoga is the first training system that specifically considers the needs of the fast-growing male yoga market.

"We believe that the founders Gerjet, Timko and Benno are at the right time on the right place. SkillYoga will be able to compete with the free content by its high-quality and individual profiles. With their professional and analytical approach they can make use of their experience in online fitness. That convinced us to invest together with the other investors with specific sector knowledge at such an early stage", said Clemens Kabel, Investment Director at IBB Beteiligungsgesellschaft.

SkillYoga accepts and addresses physical preconditions as well as the training goals of men who want to do yoga without being spiritual. This distinguishes the training drastically from offline offers in yoga studios. "No matter whether one is super tight from lifting a lot of weight in the gym and simply aims at touching the toes or likes to strengthen core muscles for the next competition. Our algorithm creates the perfect plan for every person. A combination of classical Yoga Flows and elements from functional training creates fast and visible progress", - Gerjet Efken (Founder & CPO).

In 2018, SkillYoga was the only German startup to participate in the leAD Sports Accelerator program in Berlin. With more than 400 applications to the program, only nine international startups were handpicked to participate in the 12-week program which culminated at Demo Day in November last year.

"We witnessed the continuous development of SkillYoga throughout the accelerator program - both with their product and within their team. They were determined and passionate about their product, which is something we value deeply at leAD. We're looking forward to continuing this journey with them as they grow and expand into new markets." - Christoph Sonnen, leAD CEO & Co-Founder

About SkillYoga

With their training system based on progress SkillYoga follows the mission to make yoga long term accessible for men. Users sign up at www.skill-yoga.com and start their training guided by videos. A premium membership can be obtained for $10 per month. The training sessions combine mobility exercises, strength and relaxation routines. SkillYoga's coach is an attractive solution for those who are interested in yoga but haven't been convinced by existing offers.

About IBB Beteiligungsgesellschaft

IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides venture capital to innovative Berlin-based companies and has established itself as a market leader in the field of early stage financing in Germany. The funds are used primarily for the development and market launch of innovative products or services, as well as for business concepts of creative industries. Currently two of the funds managed by the IBB Beteiligungsgesellschaft are in the investment phase, the VC Fonds Technologie Berlin II with a fund size of 60 million euros and the VC Fonds Kreativwirtschaft Berlin II with a fund size of 40 million euros. Both VC funds are financed by means of the Investitionsbank Berlin (IBB) and the European Fund for Regional Development (EFRE) administered by the State Berlin. Since 1997 the IBB Beteiligungsgesellschaft, in consortia with partners, has made 1.43 billion euros available to creative and technology-orientated companies; thereof, the portion invested by IBB Beteiligungsgesellschaft itself, as lead, co-lead or co-investor, was approximately 200 million euros.

About leAD

leAD - Legacy of Adi Dassler - is a Berlin-based sports entrepreneurship platform that helps fund and nurture remarkable sports startups. It was initiated by the grandchildren of Adi Dassler together with a unique group of shareholders who are experts in the fields of venture capital, business, sports business, and tech. It consists of the following elements. The leAD Sports Accelerator targets seed stage companies with innovative products, services and business models in or applicable to the realm of sports. This next-generation accelerator model with tightly aligned support for entrepreneurs and a linked fund that will capture value from the accelerator's leading companies creates an unprecedented ecosystem for sports technology value-creation. The leAD Business Builder manages all the leAD portfolio investments into the companies that come through the leAD Sports Accelerator. The team not only provides the direction and guidance for the follow-on investments but also helps the companies tackle tricky issues that come up at the crucial development stage of the startups. The ADvantage sports tech fund intends to invest in early-stage technology companies aimed at reshaping how we play and experience sports. Backed by leAD Sports and OurCrowd, the leading global equity crowdfunding platform, ADvantage, a 50-million dollar fund, will leverage a strong global network to source leading opportunities in the spaces of fan engagement and experience, connected athletes and communities, and derivative sports. With this, leAD now covers all stages of sports startups from Pre-Seed to Series A.

Further investors (Business Angels):

Tobias Teuber - Founder & Investor
Dr. Dominik Reinartz - Founder & Investor

17. April 2019 Steady Closes Financing Round

Berlin, 17. April 2019: Two prominent German investors have pledged to support Berlin-based start-up Steady in its international expansion. Alongside lead investor Müller Medien, VC Fonds Kreativwirtschaft Berlin, managed by IBB Beteiligungsgesellschaft, has joined the current financing round, in which Steady will receive a seven-figure sum.

Since its launch in 2017, Steady publishers have turned over more than 2 million euros. In Germany, more than 400 publishers already earn money with Steady, including Perlentaucher, Titanic, Krautreporter or Übermedien, Stefan Niggemeier's Blog for Media Criticism. Steady will use the additional funds to strengthen membership models for publishers and bring the model to other European countries.

Steady helps journalists, bloggers and podcasters earn money through membership programs, and exchange ideas with their audience. Steady's infrastructure helps publishers with marketing, community management, finance, and taxes so that they can focus on their actual work of creating quality content.

Gabriel Yoran, Steady Co-founder and Head of Investor Relations: "We couldn't have imagined greater investors for the Seed Round: Müller Medien has a significant publishing history with the German phone book and Yellow Pages and the "Was ist was" book series, among other things, but at the same time is actively involved in shaping the modern era of publishing. And IBB Beteiligungsgesellschaft, with its large creative industry fund, is the perfect partner for Steady because we are united by an interest in a lively independent media landscape".

"Together with a strong team, we look forward to fundamentally changing the way digital content can be successfully marketed and actively supporting Steady on this path," says Robert Kusche, Jr. Investment Manager at IBB Beteiligungsgesellschaft. "Not only the experienced founding team with considerable domain expertise, but also the particular depth of added value from the software solution convinced us to make the membership model accessible to all European content creators as an innovative solution".

About Steady Media GmbH

Steady helps media professionals earn money and still remain independent. Memberships are the key to making this possible for all digital projects: blogs, online magazines, podcasts, and open source projects. Loyal audiences are passionate and willing to support their favourite publisher on a regular basis. All publishers need to do is offer them the opportunity. And that's exactly what Steady does: with membership programs, media professionals can turn their audiences into paying members. At the European Digital Media Awards presented in April by the World Association of Newspapers and News Publishers (WAN-IFRA), Steady reached the finals in the "Best Paid Content Strategy" category alongside the Guardian.

About Müller Medien GmbH und Co. KG

Müller Medien, founded in 1950 by then 65-year-old Hans Müller, together with a network of strong partners, forms a future-oriented group in the media and digital industry. In addition to the traditional phone book directories with print and digital formats, the group includes radio and television stations, book and weekly newspaper publishers as well as the New Business division, where Müller Medien and its partners are implementing new business models.

About IBB Beteiligungsgesellschaft mbH

IBB Beteiligungsgesellschaft makes venture capital available to innovative Berlin companies and has established itself as the market leader in early-stage financing in Berlin. Since March 2015, two funds managed by IBB Beteiligungsgesellschaft have been in the investment phase. Both funds are financed by Investitionsbank Berlin (IBB) and the European Regional Development Fund (EFRE), managed by the State of Berlin. Since 1997, IBB Beteiligungsgesellschaft has managed more than 200 creative and technological projects in Berlin.

 

Ansprechpartner:

Robert Kusche
IBB Beteiligungsgesellschaft mbH
Bundesallee 210
10719 Berlin

Tel.: +49 (0) 30 2125 3201
Fax: +49 (0) 30 2125 3202
E-Mail: venture@ibb-bet.de
Web: www.ibb-bet.de

15. April 2019 Medbelle raises $7m (€6m) in Series A

  • Funding round led by signals Venture Capital, with other investors including Talis Capital, Mutschler Ventures, IBB Beteiligungsgesellschaft and prior backer Cavalry Ventures
  • Announcement signals rapid expansion of ground-breaking, end-to-end digital patient care platform
  • 30,000 Britons have already used new service to navigate their treatment journey, as founders on target to attract a further 144,000 users by 2020
  • Medbelle bringing greater efficiency and transparency to the previously fragmented and bureaucratic healthcare sector

London and Berlin, April 2019 - Medbelle, the UK's leading end-to-end platform for medical procedures, today announced $7m (€6m) in funding to accelerate the digitisation of the patient journey. The Series A funding round was led by signals Venture Capital and joined by Talis Capital, Mutschler Ventures, IBB Beteiligungsgesellschaft and Cavalry Ventures.

Already covering the majority of the UK, and with its eye on international expansion, Medbelle's three-layered 'digital hospital' model (Medbelle Platform, Medbelle Care, and Medbelle Operating System) places unprecedented control in the hands of patients, while giving healthcare professionals access to an integrated suite of management tools covering the entire treatment journey - from first consultation to billing, post-operative care and follow-up.

Patients book their procedure with Medbelle, which provides them with leading specialists and state-of-the-art operating facilities - with all organisation taken care of by the platform. The Medbelle service is designed to save them time, stress and money, ensuring that they benefit from the very best treatments and facilities available. Once a patient is registered, every aspect of their treatment is accessible via a single, simple web portal and app, or through their own personal Medbelle Care Adviser.

At the same time, the Medbelle Operating System ensures healthcare providers can make the most of their valuable time and resources. It allows specialists, hospitals and staff to work more productively, and liberates them from inefficient, unnecessary administrative tasks.

Already enthusiastically backed by patients, with an outstanding Net Promoter Score (NPS) of 93 - making it the highest-rated medical provider in the UK - the cash injection will enable Medbelle to undertake the next phase of its roll-out. And with the UK private healthcare sector forecast to hit $13.8bn by 2023, it's a market opportunity that has proven highly attractive to investors.

In its launch phase, Medbelle was focused on privately-paid (self-funded) procedures in areas such as cosmetics, bariatrics and ophthalmology and is currently expanding into orthopaedics and fertility. In the future, Medbelle will work with private medical and public insurance providers / the NHS to leverage its technology and services to help patients with all types of medical procedure.

"The new capital will accelerate the development of our platform while growing Medbelle's operating footprint," said Daniel Kolb, co-founder and Managing Director of Medbelle. "It will allow us to streamline high-quality care at scale and take even more work off the hospitals' and specialists' shoulders. Our technology helps them to operate more efficiently, be better-utilised and fully focused on what matters most: the best care for patients."

Clemens Koós, investment manager at signals Venture Capital, said: "Major digital platforms improve customer experience in almost all industries, however, in healthcare, the digitisation of patient journeys has been heavily lagging behind until now. Medbelle's technology and personalised care enable much simpler and more affordable medical treatments - while allowing healthcare providers to efficiently focus on treating patients. We look forward to working with the Medbelle team and co-investors in expanding the platform to include more treatment specialities and increasing its reach."

Vasile Foca, Managing Partner at Talis Capital, said: "The digital health market is expected to reach $536bn by 2025 - so the time is right to be focusing on technologies that can transform healthcare and the patient journey as we know it today. We're proud to be backing Leander, Daniel and their high-quality team in this latest round as they roll out their truly digital treatment solution. Medbelle is the world's first digital hospital that creates real value for both patients and providers and offers unrivalled care from some of the country's best specialists."

Leander de Laporte, co-founder and Managing Director at Medbelle, said: "The 'digital hospital' creates real value for patients and healthcare providers alike and, therefore, can offer care from the best specialists in the country with a truly digital and personal experience. It's great to have new partners on board who bring such vast experience to the table. We all agree that an integrated model enables much faster deployment of technology to improve patient experience and reduce costs."

About Medbelle:

Medbelle is the first digital hospital - an end-to-end platform for medical procedures. We strive to create a world in which patients navigate their treatment journey digitally and receive personal care at the click of a button. We have integrated the entire patient journey to deliver a frictionless treatment experience for patients: We hire surgeons, rent operating facilities and provide a platform to streamline patient data, communication, provider selection, treatment pricing, scheduling and more. At the same time, our platform reduces workload and optimises utilisation of specialist doctors and hospitals. Our technology, patient care team and high-quality hospitals & specialists have garnered an industry-leading Net Promoter Score of 93 and have allowed us to help more than 30,000 patients all over the UK. Visit medbelle.com for details.

About Talis Capital:

Talis Capital is a venture capital investment firm that takes smart money from some of the world's most successful entrepreneurs and business people and invests it strategically in early stage technology companies with global potential. Talis has invested over $500m worth of transactions since 2009 and the portfolio includes Darktrace, Onfido, iwoca, Pirate Studios, Luminance, Ynsect and Oh My Green. Focused on building long-term partnerships, Talis leverages its network to give some of the world's most innovative startups opportunity to thrive. For more see www.taliscapital.com.

About signals Venture Capital:

signals Venture Capital is an early stage investor backed by a €100m venture capital fund with a focus on forward-looking, scalable technology solutions that can transform or disrupt entire industries. signals Venture Capital invests in companies active in disruptive industries such as health, mobility and financial services as well as b2b business models all over Europe and Israel, especially in the field of Data & Analytics, Artificial Intelligence and Internet of Things. The portfolio companies profit not only from the classic venture capital support but also from the extensive ecosystem with renowned German and European partners, industry experts and diverse distribution channels.

About Mutschler Ventures:

Mutschler Ventures is the venture arm of a Zurich based family office, actively investing in start-up companies in the digital as well as blockchain world. Over the past years, Mutschler Ventures has been invested in e.g. Betreut.de, later care.com, Adyen, McMakler, Auto1, Sygnum, Loanboox and other companies in the German-speaking region.

About Cavalry Ventures:

Cavalry Ventures is an entrepreneurially driven VC fund based in Berlin with a focus on angel and seed-stage investments in Europe. The six founding Partners have repeatedly financed, founded, built and sold market-leading companies such as Delivery Hero, Tradeshift or plista. Being both, experienced investors and still active entrepreneurs, the cavalry offers hands-on support and a strong value-add to ambitious founders of fast-growing technology companies.

About IBB Beteiligungsgesellschaft:

IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides venture capital to innovative Berlin-based companies and has established itself as a market leader in the field of early-stage financing in Germany. The funds are used primarily for the development and market launch of innovative products or services, as well as for business concepts of creative industries. Currently, two of the funds managed by the IBB Beteiligungsgesellschaft are in the investment phase, the VC Fonds Technologie Berlin II with a fund size of 60 million euros and the VC Fonds Kreativwirtschaft Berlin II with a fund size of 40 million euros. Both VC funds are financed by means of the Investitionsbank Berlin (IBB) and the European Fund for Regional Development (EFRE) administered by the State Berlin. Since 1997 the IBB Beteiligungsgesellschaft, in consortia with partners, has made 1.43 billion euros available to creative and technology-orientated companies; thereof, the portion invested by IBB Beteiligungsgesellschaft itself, as lead, co-lead or co-investor, was approximately 200 million euros.

Contact:

IBB Beteiligungsgesellschaft mbH
Daniel Steffen
Bundesallee 210
10719 Berlin

Tel: +49 (0)30 2125 3201
Mail: venture@ibb-bet.de

29. March 2019 fliit closes 10 million Euro Series A

March, 27th, 2019: fliit, the food logistics startup from Berlin, raised 10 million Euros in its series A last week. The main investors are Maersk Growth, the capital venture arm of container ship world market leader Maersk and Alstin Fund II (Maschmeyer Group). In addition, previous investors (b10, PDV, IBB Beteiligungsgesellschaft), particularly Berlin Technologie Holding, contributed in the round.

fliit's business
fliit makes food logistics simple. Through its digital platform, fliit connects and aggregates specialized transportation partners and realizes fresh food logistics all over Germany. In collaboration with Maersk, end-to-end solutions for global food producers are being developed. Thereby, fliit's network and competencies in road transportation perfectly add to Maersk's expertise in sea freight.

Capital for growth, development, and expansion
The funds will be used to accelerate growth and push the development of its digital platform for fresh food transportation, as well as to start the international expansion. Founder and managing director Flavio Alario of Fliit Holding GmbH explains: "We are very happy about the investment by the well-established logistics provider and container ship world market leader Maersk as well as the renowned financial investor around Carsten Maschmeyer. We found the perfect partners to scale quickly in Europe and to create a new kind of food logistics: flexible, efficient, and customer-centric."

What the investors say
"We liked the focus on a special verticle, food logistics, and were impressed how well the team blends yearlong expertise in logistics with technology to build a great platform ready to scale across Europe, that supports our overall integrator strategy", says Jeppe Høier, Partner at Maersk Growth. Carsten Maschmeyer from Alstin II: "The revolutionary approach of fliit that combines complex technology with existing resources convinced us. It enables to deliver fresh produce quicker and to ensure the maintenance of the cool chain. Thereby, fliit creates a totally new kind of logistics! We are also very enthusiastic about the founding team and CEO Falvio Alario. With his 12 years of logistics experience at the logistics giant DHL he has a deep understanding of the logistics sector."

Development of fliit
During the last 12 months, fliit has grown its partner network to more than 200 regular carriers, delivering in every part of Germany and neighboring countries. fliit recently appointed Jan Hoberg (Harvard, BCG, Home24) as COO and Managing Director to secure operational excellence. Clients such as MSG Frucht, L'Osteria, Rewe, Landgard, and Hello Fresh already use the service of fliit outperforming traditional solutions and has the potential to revolutionize food logistics.

About fliit
fliit was founded by Nils Hempel and Flavio Alario in 2016. The company's mission is to make food logistics easy, efficient and transparent. Logistics should not steal time and nerves from top executives. Therefore, fliit provides a solution that offers full transparency and flexibility. fliit relies on a growing network of carrier partners, allowing to fulfill deliveries all over Germany. Additionally, the company massively increases the transparency of logistics processes by ensuring seamless and digital documentation.

About Maersk Growth
Maersk Growth is the investment fund of Maersk Group, worldwide leader in container ship freight. The fund focuses on investments into young companies and ideas that have the potential to change international trade structures, especially as a complementation to the core business. Maersk Growth already invested in several logistics and food supply chain startups such as ripe.io, Impact Vision, loadsmart and SensorTransport.

About Alstin II
Alstin II Fonds GmbH & Co. KG (Alstin Capital) is an independent, long-term-oriented venture capital fund located in Munich. The investments of Alstin Capital focus on innovative, fast-growing businesses in the Financial Services/FinTech and the Insurance/InsurTech sector.

About IBB Beteiligungsgesellschaft
IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides venture capital to innovative Berlin-based companies and has established itself as a market leader in the field of early stage financing in Germany. The funds are used primarily for the development and market launch of innovative products or services, as well as for business concepts of creative industries. Currently two of the funds managed by the IBB Beteiligungsgesellschaft are in the investment phase, the VC Fonds Technologie Berlin II with a fund size of 60 million euros and the VC Fonds Kreativwirtschaft Berlin II with a fund size of 40 million euros. Both VC funds are financed by means of the Investitionsbank Berlin (IBB) and the European Fund for Regional Development (EFRE) administered by the State Berlin. Since 1997 the IBB Beteiligungsgesellschaft, in consortia with partners, has made 1.33 billion euros available to creative and technology-orientated companies; thereof, the portion invested by IBB Beteiligungsgesellschaft itself, as lead, co-lead or co-investor, was approximately 184 million euros.

Contact:
Flavio Alario
Fliit Holding GmbH
Zossener Straße 55-58, Aufgang D, 4.OG
D-10961 Berlin
flavio@fliit.de

07. March 2019 ubitricity closes €20 Million in series C funding

Berlin | Munich | Paris | Tokyo, 5th of March 2019. ubitricity Gesellschaft für verteilte Energiesysteme mbH has successfully raised €20 Million in Series C funding that will enable the company to accelerate its growth and further develop its unique mobile metering technology. The investment was made by existing shareholders including EDF and Next47 (venture capital arm of Siemens AG) and by Honda Motor Company as new partner.

ubitricity has developed a unique mobile metering technology for smart AC electric vehicle charging,on-street and off-street. This allows councils, real estate owners, fleet and fuel card operators as well as end-users to benefit from significantly lower charging infrastructure costs, removal of the need fordedicated parking bays and optimized pricing.

The new funding will be used to accelerate the roll-out of charge points, in particular retrofittedlamppost charge points and real estate installations across the UK, Germany, France, and USA. Inparallel, the technology will be further developed for the mass market expected from 2020, and theprerequisites for services across the entire spectrum of V1G and V2G will be created.

"With Honda Motors, we have another strong collaboration partner on board who shares our visionof a smart electric vehicle which brings with it the essential technology to charge and bill clean powerand smart charging services" says Dr. Frank Pawlitschek, CEO and co-founder of ubitricity.

The company has made significant progress in developing its technology, its market presence and its market access e.g. in London. Furthermore, ubitricity's role in Germany's clean air program is drivinginstallation of charge points in key cities with more than 3,000 ubitricity charge points to be installed in Berlin, Hamburg and Dortmund. Success in the highly competitive 'NYCx Climate Action Challenge', leading to a pilot program in New York, has further proven the intercontinental appetite for the company's products and technology. "We are now putting charging stations right outside people's front door, where millions of Europeans park their vehicle today, and at a time when more electric vehicles than ever are being sold." said Knut Hechtfischer, co-founder of ubitricity.

The commitment of new capital and increased levels of ownership by EDF and Siemens signal anewthe importance of ubitricity as a key pillar in both companies' e-mobility strategies.

Last October, the EDF Group has launched its Electric Mobility Plan in order to become the sector's leading energy company on its four biggest European markets: France, UK, Italy and Belgium. Furthermore, Citelum (100% affiliate of EDF Group) and ubitricity are partnering to integrate this innovative solution to Citelum's "smart city" range of products.

ubitricity - Gesellschaft für verteilte Energiesysteme mbH - Affordable smart charging infrastructure for EVs wherever they are parked for longer, at work and at home, was the objective of Knut Hechtfischer and Dr. Frank Pawlitschek when they founded ubitricity in 2008. Today the company is one of the leading providers ofintelligent solutions concerning the charging and billing of electric cars. ubitricity combines technical expertise,such as the development of the mobile electricity meter, with the possibilities of digitalization. The result:technically simplified and therefore cheaper charge points that allow a widespread expansion of charging infrastructure. At the same time, this approach allows to address the challenge of vehicle-specific billing. Themobile electricity meters also facilitates to integrate EVs into the energy system as addressable mobile storage units. This will enable to connect and manage a distributed mobile storage network unlocking the battery potential required to complement the green energy "all electric" revolution. Visit: ubitricity.com

27. February 2019 babelforce gets backing

  • EnBW New Ventures and VC Fonds Technologie Berlin, managed by IBB Beteiligungsgesellschaft invest in automation platform for contact centers
  • The investment will fuel further growth and continuous platform development

Berlin, February 27, 2019 - babelforce, the Berlin-based automation platform for customer interaction management announces closing funding. The capital raised will be invested in expanding the customer base and the continuous development of the global no-code automation platform.

The babelforce platform enables users to integrate and automate their call center processes. The no-code automation approach enables even non-technical staff to build and automate complex, integrated processes. babelforce serves customers deployed in Europe, USA, and Australia ranging from medium-sized e-commerce businesses to large scale financial services providers.

Pierce Buckley, co-founder, explains the history and mission: 'We started babelforce because we saw that the cost and complexity of integration and process implementation in call centers is out of control. The knock-on effect is that the quality of service often fails to meet the needs of consumers. We have a simple promise to our customers' teams: If they can whiteboard their ideal integrated process, they can create it on our platform with zero code. This investment will allow us to deliver this vision to a lot more businesses'.

'Customers today use different ways to get in contact with companies. Whether they use telephone, email, messenger or the website, customer service should be able to serve them in the best possible way. We are impressed by the solution babelforce has developed,' says Crispin Leick, Managing Director of EnBW New Ventures. 'We are very excited to support the babelforce team as they continue to grow. We count on a successful development also due to the team's high technical and industry-specific know-how'.

'babelforce has already gained considerable customer traction and we are truly convinced of the potential of the technology and the team. The innovative no-code automation approach is a potential game-changer for the contact center world. It provides customers with flexibility and speed in changing and deploying complex process automations in their customer interaction infrastructure. We are excited to push forward the further business growth together with the babelforce team' states Philipp Roth, Investment Manager at IBB Beteiligungsgesellschaft.

About babelforce GmbH

babelforce is a global cloud communications platform (https://www.babelforce.com/product/) focused on no-code integration and automation. It allows non-technical people to build even the most complex of integrated processes for customer facing teams, particularly in the call center. babelforce services are deployed in local data centers anywhere in the world: Europe & MEA, USA & Canada, APAC. As an integration platform, babelforce has integrators and pre-built connectors covering every component type used in modern contact centers and sales organisations: CRM, ticketing, BI, ERP, Workforce management and all kinds of messaging capability. The babelforce platform also gives direct access to infrastructure and algorithmic processing capabilities.

babelforce
Marissa Giuliani
press@babelforce.com

About EnBW New Ventures GmbH

EnBW New Ventures GmbH (www.env.vc) provides venture capital to young companies that develop new business models and technologies for the converging energy, mobility and urban life markets. We focus on entrepreneurial teams delivering value to their customers through scalable business models and new technologies. With an investment volume of EUR 100M, EnBW New Ventures offers startups access to professional investor expertise as well as a customer and supplier network in the energy sector. In addition, a commercial relationship with the parent company EnBW is possible.

EnBW New Ventures Communications
Martina Evers
presse@enbw.com
+49 721 6314358

About IBB Beteiligungsgesellschaft mbH

IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides venture capital to innovative Berlin-based companies and has established itself as a market leader in the field of early stage financing in Germany. The funds are used primarily for the development and market launch of innovative products or services, as well as for business concepts of creative industries. Currently two of the funds managed by the IBB Beteiligungsgesellschaft are in the investment phase, the VC Fonds Technologie Berlin II with a fund size of 60 million euros and the VC Fonds Kreativwirtschaft Berlin II with a fund size of 40 million euros. Both VC funds are financed by means of the Investitionsbank Berlin (IBB) and the European Fund for Regional Development (EFRE) administered by the State Berlin. Since 1997 the IBB Beteiligungsgesellschaft, in consortia with partners, has made 1.43 billion euros available to creative and technology-orientated companies; thereof, the portion invested by IBB Beteiligungsgesellschaft itself, as lead, co-lead or co-investor, was approximately 200 million euros.

IBB Beteiligungsgesellschaft
Philipp Roth
Bundesallee 210, 10719 Berlin
Tel: +49 (0)30 2125 3201
Mail: venture@ibb-bet.de

11. February 2019 CrossEngage closes Series A Financing Round

Berlin, December, 2019. The Berlin-based marketing technology firm CrossEngage today announced a seven-digit series A financing. The existing investors Vorwerk Ventures, Earlybird Venture Capital, Project A, the VC Fund Kreativwirtschaft managed by IBB Beteiligungsgesellschaft, Cavalry Ventures, and 42 Capital are increasing their holdings. With the expansion of the existing investor base by the British growth investor Columbia Lake Partners and the opening of an office in London, CrossEngage increases its presence and activity in Great Britain. The financing will be used to further enhance the platform with AI-based predictive modeling features and to expand the customer base in Europe.

“Improving customer conversion, engagement, and retention is a theme we believe strongly in at Columbia Lake Partners,” said Craig Netterfield, Managing Partner, “With CrossEngage we found a leading team who had built the right kind of technology to help solve these problems.”

“Customer data platforms are establishing as a global trend. We are enhancing this development since the very beginning and will continue to play a major role in shaping the software category as one of the leading European providers. The step to Great Britain underlines this claim”, says Manuel Hinz, co-founder and managing director of CrossEngage.

As a Customer Data and Engagement Platform, CrossEngage enables coordinated communication with customers across all channels. While consumers experience individual and meaningful communication with brands, companies benefit from stronger customer loyalty and more efficient acquisition of new customers — especially in light of the ever stronger platform economy, these factors are increasingly decisive for the long-term
profitability and ultimately survival of companies. In May 2018, Gartner Inc. added CrossEngage to its list of four “Cool Vendors in Multichannel Marketing”.

Well-known Companies Rely on Berlin Digital Competence
CrossEngage counts well-known companies from various industries among its customers. In addition to loyal existing customers such as DB Vertrieb GmbH, HelloFresh, and Limango, the Berlin-based company won new customers such as Karl Lagerfeld, Depot, and Finanzcheck in 2018.

“Last year, CrossEngage made an impressive development — both on the product and customer side. The importance of customer data platforms is becoming more and more important in the market. CrossEngage is one of the main drivers and is excellently positioned”, says Dr. Florian Heinemann, Partner at Project A.

The Industry Update of the Customer Data Platform Institute in June 2018 predicts that the industry’s sales volume will reach the mark of one billion USD in 2019. The European market, in particular, is showing strong growth and the CDP Institute is registering one third more providers in Europe than in the previous year. CrossEngage has established itself as one of the first European providers on the market and also benefits from the German
location with regard to of the GDPR regulation as the data protection regulation has already established in Germany and will be an ongoing relevant topic for entire Europe. According to David Raab , founder of the Customer Data Platform Institute, CrossEngage is the only German vendor and “a truly impressive and mature product”.

About CrossEngage
As a customer data and engagement platform, CrossEngage combines a real-time data platform with cross-channel campaign management. Through a data-based interaction that is individually coordinated across all communication channels, companies can strengthen their customer loyalty, increase profitability, and win new customers more efficiently. Companies such as DB Vertrieb, HelloFresh, Limango, Hertha BSC Berlin, BodyChange,
Stylefile, Friendsurance, Mycs, Karl Lagerfeld, Depot, and Finanzcheck already rely on CrossEngage. Currently, the Berlin team counts around 50 people.

Contact

Tobias Schimmelpfennig
IBB Beteiligungsgesellschaft
Bundesallee 210
10719 Berlin

Phone: +49 (0)30 2125 3201
Mail: venture@ibb-bet.de

Picture: CrossEngage GmbH

01. November 2018 OMEICOS Therapeutics Closes €17m Series C Financing

Berlin, Germany, and Boston, MA, USA, November 2, 2018 - OMEICOS Therapeutics, a Berlin-based biopharmaceutical company developing first-in-class small molecule therapeutics for the prevention and treatment of cardiovascular and ophthalmic diseases, today announced the closing of a EUR 17 million (approx. USD 19.5 million) Series C financing led by new investor Forbion. Existing investors Vesalius Biocapital II S.A. SICAR, Remiges BioPharma Fund, SMS group GmbH, KFW Group, VC Fonds Technologie Berlin, High-Tech Gründerfonds II GmbH & Co. KG and The Falck Revocable Trust participated as well. The proceeds from this round will finance PROMISE-AF, a placebo controlled, double-blinded, randomized, dose finding Phase II study on OMT-28 in maintenance of sinus rhythm after electrical cardioversion in patients with persistent atrial fibrillation. Additionally, OMEICOS will continue to drive the expansion of its pipeline into novel indications including ophthalmology, led by its US-based subsidiary OMEICOS Ophthalmics.

"This financing arrives in a particularly exciting time for the OMEICOS team as we accelerate plans to initiate our Phase II study of OMT-28, OMEICOS' novel safe rhythm stabilizer developed for patients with atrial fibrillation. The investment of Forbion confirms the excellent work of the entire team and supports our ambitious plans in atrial fibrillation and other indications," commented Robert Fischer, MD, CEO/CSO of OMEICOS Therapeutics.

Holger Reithinger, Ph.D. General Partner at Forbion added: "We've been following the OMEICOS story for some time and are very positive about the progress. The unique concept of a novel treatment for atrial fibrillation together with the excellent safety data of OMT-28 convinced us to invest and support the future growth of the company."

Christian Schneider, Ph.D. Managing Partner at Vesalius Biocapital commented: "The addition of Forbion is another consequent step in the successful development of OMEICOS. The shareholders highly welcome Forbion's commitment to join forces in order to accelerate the company's development pipeline in indications with high unmet medical need."

OMEICOS is developing first-in-class small molecule therapeutics for the prevention and treatment of cardiovascular and ophthalmic diseases. The compounds are synthetic analogs of naturally occurring, but metabolically unstable, metabolites of omega-3 fatty acids that can activate anti-arrhythmic, cardio protective and anti-inflammatory pathways. OMEICOS' first-in-class small molecules can be administered orally and have shown improved biological activity and pharmacokinetic properties compared to their natural counterparts. Atrial fibrillation is the most common type of heart arrhythmia affecting an estimated 33.5 million people worldwide. Incidence is expected to increase over the next decade as life expectancy increases. The disease is associated with significant health risks and current therapies have limited efficacy and safety.

OMEICOS Ophthalmics was established in Boston, MA, USA in August 2017 to focus on a clinical development program for OMEICOS' ophthalmological drug indications. OMEICOS' compounds are currently in preclinical development for macular edema disease, including wet age-related macular degeneration (AMD) and diabetic retinopathy. New treatments for wet AMD are needed to reduce the burden of repeated, frequent injections of therapeutics into the eye, and to offer more convenient routes of administration.

About OMEICOS

OMEICOS Therapeutics is a spin-off company from the Max Delbrueck Center for Molecular Medicine (MDC) in Berlin. The company has discovered a series of metabolically robust synthetic analogues of omega-3 fatty acid-derived epoxyeicosanoids that have the potential to treat inflammatory, cardiovascular and other diseases. Epoxyeicosanoids, as a newly described class of bioactive lipid mediators, activate cell type-specific endogenous pathways that promote organ and tissue protection. OMEICOS' small molecules are orally available and show improved biological activity and pharmacokinetic properties compared to their natural counterparts. OMEICOS' technology is based on ground-breaking scientific results in the field of omega-3 fatty acid metabolism and physiology obtained by the companies' founders, Dr. Wolf-Hagen Schunck, Prof. John. R. Falck, Prof. Dominik Mueller and Dr. Robert Fischer. The companies' research activities are supported by a grant from the German Ministry of Education and Research (BMBF). www.omeicos.com

Contacts:

OMEICOS Therapeutics GmbH
Dr. Robert Fischer, CEO, CSO
Phone: +49 (0) 30 9489 4810
E-Mail: r.fischer@omeicos.com
www.omeicos.com

Media requests:

MacDougall Biomedical Communications
Mario Brkulj or Amanda Houlihan
Main: +49 89 2424 3494 or +1 781-235-3060
E-Mail: omeicos@macbiocom.com

About IBB Beteiligungsgesellschaft

IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides venture capital to innovative Berlin-based companies and has established itself as a market leader in the field of early stage financing in Germany. The funds are used primarily for the development and market launch of innovative products or services, as well as for business concepts of creative industries. Currently two of the funds managed by the IBB Beteiligungsgesellschaft are in the investment phase, the VC Fonds Technologie Berlin II with a fund size of 60 million euros and the VC Fonds Kreativwirtschaft Berlin II with a fund size of 40 million euros. Both VC funds are financed by means of the Investitionsbank Berlin (IBB) and the European Fund for Regional Development (EFRE) administered by the State Berlin. Since 1997 the IBB Beteiligungsgesellschaft, in consortia with partners, has made 1.33 billion euros available to creative and technology-orientated companies; thereof, the portion invested by IBB Beteiligungsgesellschaft itself, as lead, co-lead or co-investor, was approximately 184 million euros.

Contact:

Ute Mercker
IBB Beteiligungsgesellschaft mbH
Bundesallee 210
10719 Berlin

Tel.: +49 (0) 30 2125 3201
Fax: +49 (0) 30 2125 3202
E-Mail: venture@ibb-bet.de
Web: www.ibb-bet.de

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