#DealMonitor – Nextmarkets sammelt 30 Millionen ein – Staffbase und Bananatag fusionieren – Monite bekommt 1,1 Millionen


Im aktuellen #DealMonitor für den 4. März werfen wir wieder einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages in der DACH-Region. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Archiv.

INVESTMENTS

Nextmarkets 
+++ Die börsennotierte Cryptology Asset Group, also Unternehmer Christian Angermayer, die DEWB und Co. investieren 30 Millionen US-Dollar in das Kölner FinTech nextmarkets. PayPal-Mitgründer Peter Thiel investierte 2016 gemeinsam mit FinLab und Extrotel, dem Family Office der Familie Strascheg, bereits 3,5 Millionen Euro in nextmarkets, das als Lern- und Ausbildungsplattform für die Börse an den Start ging. Inzwischen positioniert sich die Jungfirma als “Europas gebührenfreier Online Broker”. Der Neobroker wurde 2014 von den Brüdern Manuel Heyden und Dominic Heyden gegründet, die zuvor die Social-Trading-Plattform ayondo ins Leben gerufen und verkauft haben. Das Fintech beschäftigt derzeit knapp 40 Mitarbeiter. Das frische Kapital “soll die europäische Expansion des FinTech-Unternehmens weiter beschleunigen und nextmarkets als führenden Neobroker in Europa etablieren”.

The Stryze Group
+++ Jetzt offiziell: Alstin Capital, also Carsten Maschmeyer, investiert – wie bereits Ende Januar berichtet – gemeinsam mit Thrasio-Finanzierer Upper90 und einer Stiftung bis zu 100 Millionen US-Dollar in The Stryze Group, die aus dem Berliner Unternehmen ManuCo hervorgegangen ist. “The new capital in combination with the exceptional brand building and M&A expertise of the founders Sebastian Funke, Taro Niggemann, Mark Hartmann and Sascha Krause will drive the team to develop new products every month and acquire authentic brands and products from external business owners”, schreibt Alstin auf Linkedin. Der Stryze-Vorgänger ManuCo betreibt seit etlichen Jahren Direct-to-Consumer-Brands wie Gourmesso, Glorybrew, Barista Moments, Amazy, Lineavi, High Pulse, Eberbart, Bella & Balu sowie Nutrani.  Im Gegensatz zu vielen Thrasio-Klonen sind die Stryze-Macher somit bereits ganz tief im Thema. 

Anzeige
+++ In unserem Newsletter Startup-Radar berichten wir einmal in der Woche über neue Startups. Alle Startups stellen wir in unserem kostenpflichtigen Newsletter kurz und knapp vor und bringen sie so auf den Radar der Startup-Szene. Jetzt unseren Newsletter Startup-Radar abonnieren und 30 Tage kostenlos testen!

Monite
+++ Tomahawk (Cedric Waldburger), signals Pre-Seed, Inventures, Runa Capital und Business Angels wie Ralph Müller, Cornelius Walter und Alfred Schorno investieren 1,1 Millionen Euro in das junge Berliner Fintech Monite. Die Jungfirma, die von Ivan Maryasin, zuletzt Head of Growth bei Penta, und Andrey Korchak (Tochka Bank) gegründet wurde, bietet eine “All-in-one Software für sämtliche Buchhaltungsaufgaben und Aufgaben des Rechnungswesens in KMUs” an. Das Startup schreibt zu seinem Tool: “It lets you do banking, invoice clients, receive & pay incoming bills, log expenses and pay reimbursements – all in one interface”.

Forget Finance
+++ Business Angels wie Finanztip-Gründer Marcus Wolsdorf und Personio-Gründer Hanno Renner investieren 700.000 Euro in Forget Finance. Bei Forget Finance handelt es sich um einen “digitalen Finanzcoach”. Das B2C-FinTech aus Berlin möchte seine Kunden beraten, wie sie gemäß “ihrer eigenen Werte mehr aus deinem Geld machen können”. Gegründet wurde das Startup von Konradin Breyer, früher Freeletics, und Jurek Herwig.

Givetastic
+++ Der Berliner Kapitalgeber APX, hinter dem Axel Springer und Porsche stecken, investiert in Givetastic aus Hannover. Das junge Startup, das von Vidya Munde-Müller und Viji Villadathu gegründet wurde, kümmert sich um Corporate Social Responsibility. Auf der Website heißt es: “Befähigen Sie Ihre Mitarbeitende, sich an sozialen und ökologischen Projekten zu beteiligen und soziale Wirkung zu erzielen!”

Medieninsider 
+++ Der next media accelerator (NMA) investiert in den digitalen Mediendienst Medieninsider und sichert sich 10 % am Berliner Unternehmen. Medieninsider wurde 2020 von Marvin Schade und Matthias Bannert gegründet. Das junge Medien-Startup positioniert sich als “Informationsangebot für Medienschaffende”. Das junge Medienmagazin setzt bei der Refinanzierung insbesondere aus kostenpflichtige Mitgliedschaften.

FUSION

StaffbaseBananatag 
+++ Das Chemnitzer Startup Staffbase, 2014 gegründet, fusioniert mit seinem kanadischem Wettberber Bananatag, der 2011 an den Start ging. “Unter der Marke Staffbase bündeln die Anbieter ihre Expertise für Kommunikationskanäle wie zum Beispiel Intranets, Mitarbeiter-Apps oder E-Mail-Lösungen und bauen damit ihre Vorreiterschaft aus”, teilen die Unternehmen mit. Staffbase bietet eine Plattform, mit der Unternehmen ohne großen Aufwand eigene Mitarbeiter-Apps für den internen Gebrauch erstellen können, an. Über diese können die Nutzer etwa Nachrichten verschicken oder Schulungsvideos abrufen. Das fusionierte Unternehmen beschäftigt nun 450 Mitarbeiter. “Das gemeinsame Unternehmen steigt zum größten, umsatzstärksten und am schnellsten wachsenden Anbieter für interne Kommunikationssoftware am Markt auf”, schreiben die Firmen zum Zusammenschluss. Insight Partners, e.ventures und Capnamic Ventures investierten zuletzt 20 Millionen Euro in Staffbase. Seit dem Start flossen über 30 Millionen in das Unternehmen. 2019 erwirtschaftete Staffbase einen Umsatz in Höhe von 10,2 Millionen Euro, der Jahresfehlbetrag lag bei 9,6 Millionen. Das Bananatag-Team setzte bisher auf Bootstrapping. Die Bananatag-Gründer sind künftig an Staffbase beteiligt.

PODCAST

Insider
+++ Schon die neue Insider-Ausgabe mit Sven Schmidt gehört? In der aktuellen Folge geht es um Gorillas, Charles, Jodel, Supercam, Gitpod, Careship, Capnamic Ventures, AdJust, LeanIX, staffbase und den Spac-Boom.

Abonnieren: Die Podcasts von deutsche-startups.de könnt ihr bei Amazon Music – Apple Podcasts – Castbox – Deezer – Google Podcasts – iHeartRadio – Overcast – PlayerFM – Podimo – Spotify – SoundCloud oder per RSS-Feed abonnieren.

Achtung! Wir freuen uns über Tipps, Infos und Hinweise, was wir in unserem #DealMonitor alles so aufgreifen sollten. Schreibt uns eure Vorschläge entweder ganz klassisch per E-Mail oder nutzt unsere “Stille Post“, unseren Briefkasten für Insider-Infos.

Startup-Jobs: Auf der Suche nach einer neuen Herausforderung? In der unserer Jobbörse findet Ihr Stellenanzeigen von Startups und Unternehmen.

Foto (oben): azrael74

#aktuell, #apx, #bananatag, #berlin, #cryptology-asset-group, #fintech, #forget-finance, #givetastic, #hannover, #inventures, #koln, #medien, #medieninsider, #monite, #next-media-accelerator, #nextmarkets, #runa-capital, #signals-pre-seed, #staffbase, #the-stryze-group, #tomahawk, #venture-capital

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Brainly raises $80M as its platform for crowdsourced homework help balloons to 350M users

The Covid-19 pandemic has led to a major upswing in virtual learning — where some schools have gone (and stayed) remote, and others have incorporated significantly stronger online components, in order to help communities maintain more social distancing. That has in turn led to a surge in the usage of tools to help home learners do their work better, and today, one of them is announcing a growth round that speaks to the opportunity in that market.

Brainly, a startup from Poland that has built a popular network for students and their parents to engage with each other for advice and help with homework questions, has raised $80 million, a series D that it will be using both to continue building out the tools that it offers to students as well as to hone in on expansion in some key emerging markets such as Indonesia and Brazil. The news comes on the heels of dramatic growth for the company, which has seen its user base grow from 150 million users in 2019 to 350 million today.

The funding is being led by previous backer Learn Capital, with past investors Prosus Ventures, Runa Capital, MantaRay, and General Catalyst Partners also participating. The company has now raised some $150 million and while it’s not disclosing valuation, CEO and co-founder Michał Borkowski confirmed it is “definitely” an upround for the company. For more context, Pitchbook estimates that the company was valued at $180 million in its last round, a Series C of $30 million in 2019.

That C round was raised specifically to help Brainly grow in the U.S. It currently has some 30 million users in that market, and it happens to be the only one in which Brainly is monetising users. Everywhere else, Brainly is currently free to use. (In the U.S. there are also some formidable competitors, like Chegg, which has strong traction in the market of helping students with homework.)

“Brainly has become one of the world’s largest learning communities, achieving significant organic growth in over 35 countries,” said Vinit Sukhija, Partner at Learn Capital, in a statement.

Even before the Covid-19 pandemic, Brainly was finding an audience with students — primarily those aged 13-19, said Borkowski — who were turning to the service to connect with people who could help them with homework when they found themselves at an impasse with, say, a math problem or getting to grips with the sequence of events that led to the revolutions of 1848. The platform is open-ended and is a little like a Quora for homework, in that people can find and answer questions they are interested in, as well as ask questions themselves.

That platform, however, took on a whole new dimension of importance with the shift to virtual learning, Borkowski said.

“In the western world, online education wasn’t a big investment area [pre-Covid] and that has changed a lot, with huge adoption by students, parents and teachers,” he said. “But that big transition, switching from offline to online, has left kids struggling because teachers have so much more to do, so they can’t engage in the same way.”

So with “homework” becoming “all work”, that has effectively led to needing more help than ever with home studies. And while many parents have tried to get more involved to make up the difference, “having parents as teachers has been hard,” he added. They may have been taught differently from how their kids are learning, or they don’t remember or know answers.

One thing that Brainly started to see, he said, was that with the pandemic more parents started using the app alongside students, either to work out answers together or to get the help themselves before helping their kids, with a number of these being from parents of kids younger than 13. He said that 15-20% of all new registrations currently are coming from parents.

Brainly up to now has been mainly focused on how to build out more tools for the students — and now parents — that use it, and has so far been about organic growth for those communities.

However, there is clearly scope to expand that to more educational stakeholders to better organise what kind of questions are answered and how. Borkowski said that the company has indeed been approached by educators, those building curriculums and others so that answers might tie in better with the kinds of questions that they are most likely to ask of students, although for now the company “wants to keep the focus on students and parents getting stuck.”

In terms of future products, Brainly is looking at ways of bringing in more tutoring, video and AI into the mix. The AI aspect is very interesting and will in fact tie in to wider curriculum coverage based on more localised needs. For example, if you ask for help with a particular kind of quadratic equation technique, you can then be served lots of same practice questions to help better learn and apply what you’ve just been learning, and you might even then get suggested related topics that will appear alongside that in a wider mathematics examination. And, you might be offered the chance to meet with a tutor for further help.

Tutoring, he said, is something that Brainly has already been quietly piloting and has run some 150,000 sessions to date. Having such a large user base, Borkowski said, helps the startup run services at scale while still effectively keeping them in test mode.

“It will be about looking at what students are studying and how to map that to the curriculum in the country, and what we can do to help with that.” Borkowski said. “But it will require a heavy lift and and machine learning to pinpoint students” for it to work properly, which is one reason it has yet to roll it out more comprehensively, he added.

Tutoring and more personalization are not the only areas where Brainly is actively testing out new services. The company is also creating more space for adding in video to demonstrate different techniques (which I suspect is especially good for something like mathematics, but equally helpful for, say, an art technique).

There are “thousands per week” being added already, but as with tutoring “that, for us, is a testing stage,” added Borkowski. There should be more coming in Q1 about new products, he said.

#articles, #artificial-intelligence, #brainly, #brazil, #e-commerce, #education, #europe, #funding, #gamification, #general-catalyst, #general-catalyst-partners, #homework, #indonesia, #machine-learning, #online-education, #poland, #prosus-ventures, #quora, #runa-capital, #subscription-services, #tc, #united-states

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Study finds most big open-source startups outside Bay Area, many European, and avoiding VC

Over 90% of the fastest-growing open-source companies in 2020 were founded outside the San Francisco Bay Area, and 12 out of the top 20 originate in Europe, according to a new study. The “ROSS Index”, created by Runa Capital lists the fastest-growing open-source startups with public repositories on Github every quarter.

Interestingly, the company judged to be the fastest-growing on the latest list, Plausible, is an ‘open startup’ (all its metrics are published, including revenues) and states on its website that it is “not interested in raising funds or taking investment. Not from individuals, not from institutions and not from venture capitalists. Our business model has nothing to do with collecting and analyzing huge amounts of personal information from web users and using these behavioral insights to sell advertisements.” It says it builds a self-sustainable “privacy-friendly alternative to very popular and widely used surveillance capitalism web analytics tools”.

Admittedly, ‘Github stars’ are not a totally perfect metric to measure the product-market fit of open-source companies. However, the research shows a possible interesting trend away from the VC-backed startups of the last ten years.

There have been previous attempts to create similar lists. In 2017 Battery Ventures published its own BOSS Index, but the index was abandoned. In September 2020 Accel revealed its Open100 market map, which included many open-source startups.

This list of companies is likely to will change significantly every quarter, however, since maintaining a very high growth rate on Github for several quarters is rare. That’s why the participants of the ROOS Index will likely change frequently.

For instance, this recent finding by ROOS has only four companies that were mentioned in the previous list (Q2 2020): Hugging Face, Meili, Prisma and Framer.

Of course, open-source doesn’t mean these companies will never monetize or not go on to raise venture capital.

And Runa Capital clearly has an interest in publishing the list. It has invested in several open-source startups, including Nginx (acquired by F5 Networks for $670M), MariaDB and N8N, and recently raised a $157M fund aimed at open-source startups.

#accel, #battery-ventures, #computing, #entrepreneurship, #europe, #finance, #framer, #github, #hugging-face, #investment, #mariadb, #nginx, #prisma, #runa-capital, #tc, #venture-capital

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Undermyfork scores $400K seed for its diabetes tracking app and US launch

Undermyfork, a diabetes tracking app designed to help people with the disease improve “time-in-range” and better manage their condition, has raised $400,000 in seed funding.

Investment comes from AltaIR Capital and Runa Capital . Undermyfork co-founder Mike Ushakov’s previous company, Metabar (the maker of the browser add-on Sovetnik), was also backed by Runa, before being acquired by Yandex several years ago.

The Undermyfork app combines meal photos with glucose data coming from a continuous glucose monitor (CGM) device. The aim is to let users correlate meals with changes in blood glucose levels. Specifically, it focuses on “time-in-range” — the percentage of time that a person spends with their blood glucose levels in a target range, considered the most important metric in modern diabetes management.

“With our app, we want to help people with diabetes correct their lifestyle and eating habits, and improve their time-in-range,” Ushakov tells me. “Undermyfork is a very simple tool now: it combines meal photos and insulin data with glucose data, and allows the users to clearly see which meals are driving them out of the safe blood glucose range.

“We help people with diabetes not just to see their blood glucose data, but to interpret the data and make useful conclusions that could improve their life. You can say it’s like ‘Google analytics for blood sugar.’ ”

More broadly, Undermyfork is betting that continuous glucose monitoring devices will replace traditional finger-pricking blood glucose meters in the coming years. The strategy is to establish itself as the default companion app for CGMs, but to do so it will need to gain access to CGM-generated data.

“Undermyfork relies on CGM data, so we need to have the partners to provide us with this data,” explains Ushakov. “This month, simultaneously with closing our round, we partnered with Dexcom, which is the leading CGM manufacturer in the U.S. We now have access to Dexcom’s retrospective API, letting users stream data directly from their Dexcom cloud to the Undermyfork app.”

This also sets up Undermyfork for a U.S. launch. Noteworthy, the mostly Europe-based team is entirely remote. Ushakov is in Amsterdam, co-founder Eugene Molodkin is in St.Petersburg and other team members are in Germany, Netherlands, Russia, Slovenia and Israel.

#altair-capital, #apps, #health, #recent-funding, #runa-capital, #startups, #tc, #undermyfork

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#DealMonitor – erento übernimmt Campanda – Spectrm bekommt 3 Millionen


Im aktuellen #DealMonitor für den 27. Mai werfen wir wieder einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Archiv.

INVESTMENTS

Spectrm
+++ Runa Capital investiert 3 Millionen US-Dollar in Spectrm – siehe TechCrunch. Das Hamburger Startup, das 2015 von Max Koziolek, Jendrik Höft und Markus Stellenberg gegründet wurde, wollte sich zunächst als WhatsApp-Tool etablieren. Dann fokussierte sich das Unternehmen auf Facebook und Chatbots. “Today they are the leading chatbot platform for content and conversations”, teilen die Hanseaten mit.

Scoobe3D
+++ Bayern Kapital investiert gemeinsam mit zwei Business Angels eine hohe sechsstellige Summe in Scoobe3D. Das Startup aus Augsburg  entwickelt “einen hochpräzisen 3D-Scanner im handlichen und einfach zu bedienenden Format eines Smartphones”. Der Scoobe3D-Scanner erstellt dabei 3D-Scans von Gegenständen, selbst wenn deren Oberflächen reflektieren. Scoobe3D soll vor allem im Maschinenbau und Konstruktionswesen zum Einsatz kommen.

Poligy
+++ Profuture Invest investiert in das Cleantech Poligy. Das junge Unternehmen wandelt “ungenutzte industrielle Abwärme dank seines patentierten Kunstoffs Bipolymer in besonders günstigen Strom um”. Aus der Presseaussendung: “Auf Wunsch des Investors, wird die Höhe des Investments nicht genannt. Das eingesammelte Geld wird Poligy in F&E Aktivitäten, ambitionierte Köpfe und seine ersten Prototypen investieren”.

EXITS

Campanda
+++ Der Berliner Miet-Marktplatz erento übernimmt die Wohnmobil-Vermittlung Campanda. In den vergangenen Jahren flossen über 16 Millionen Euro in Campanda. Zu den Investoren des Berliner Startups, das 2013 von erento-Macher Chris Möller gegründet wurde, gehörten unter anderem Michelin Travel Partner, Accel, idinvest, Le Peigné, Ringier Digital Ventures, btov Partners und Atlantic Labs. Campanda ist derzeit in 42 Ländern sowie fünf Sprachen verfügbar. Der Kaufpreis ist nicht bekannt.

Augmento
+++ Postera Capital übernimmt das 2018 gegründete Startup Augmento, einem Krypto-Analysetool. Die Jungfirma wurde von Michael Baumgartner, Bijan Farsijani und Oliver Spragg gegründet. “Mit der Übernahme stärkt Postera Capital seine Position als Pionier in der Kryptoberatung als auch sein Investmentvehikel Postera Fund – Crypto I, der erste EU-regulierte Kryptofonds”, teilt das Unternehmen mit.

Achtung! Wir freuen uns über Tipps, Infos und Hinweise, was wir in unserem #DealMonitor alles so aufgreifen sollten. Schreibt uns eure Vorschläge entweder ganz klassisch per E-Mail oder nutzt unsere “Stille Post“, unseren Briefkasten für Insider-Infos.

Startup-Jobs: Auf der Suche nach einer neuen Herausforderung? In der unserer Jobbörse findet Ihr Stellenanzeigen von Startups und Unternehmen.

Foto (oben): Shutterstock

#aktuell, #augmento, #augsburg, #bayern-kapital, #campanda, #dusseldorf, #erento, #exit, #fintech, #hamburg, #poligy, #postera-capital, #runa-capital, #scoobe3d, #spectrm, #travel, #venture-capital

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#DealMonitor – Millionen für Kreatize, Dr. Sam und emteria


Im aktuellen #DealMonitor für den 18. Mai werfen wir wieder einen Blick auf die wichtigsten, spannendsten und interessantesten Investments und Exits des Tages. Alle Deals der Vortage gibt es im großen und übersichtlichen #DealMonitor-Archiv.

INVESTMENTS

Kreatize
+++ B&C Innovation Investments (BCII) und Martin Ohneberg investieren  einen mittleren einstelligen Millionenbetrag in das Berliner Startup Kreatize, eine Beschaffungsplattform für den Maschinenbau. Earlybird, Atlantic Labs und Co. investierten in den vergangenen Jahren bereits rund 9 Millionen Euro in Kreatize, das 2015 von Simon Tüchelmann und Daniel A. Garcia Rodriguez ins Leben gerufen wurde. Die Industrieholding B&C ist etwa an Lenzing, das aus Holz Fasern herstellt, beteiligt.

Dr. Sam
+++ Joyance Partners, Mavericks Founders und DataLab sowie die Bestandsinvestoren investieren eine siebenstellige Summe in das junge Düsseldorfer Startup Dr. Sam, einen digitalen Tierarzt. Das frische Kapital soll in die “Produktentwicklung und Technologie, den Ausbau des Tierärztenetzwerks sowie in die Stärkung der Marktposition” fleißen. Das Telemedizin-Startup Dr. Sam wurde 2018 von Jan Holzapfel und David Richter gegründet.

emteria
+++ Der High-Tech Gründerfonds (HTGF) und der amerikanische Geldgeber Runa Capital investieren – wie bereits berichtet – in emteria. Wie erwartet, handelt es sich um ein siebenstelliges Investment. Das Aachener Startup, das von Igor Kalkov und Philipp Hoffschröer geführt wird, bringt mit emteria.OS unter anderem ein Android-Feeling auf den Raspberry Pi. Das Spin-off der RWTH Aachen, das 2017 gegründet wurde, will mit seinem System “benutzerfreundliche und innovative Industrielösungen auf Basis von Android” ermöglichen.

Faaren
+++ Nicht genannte “Investoren mit Experten-Know-How aus der Automobilbranche” investieren eine unbekannte Summe in das junge Startup Faaren. Das kunge Unternehmen bietet Autos “zum monatlichen All-Inclusive Festpreis” an. Dabei setzt die Jungfirma auf unterschiedliche Kilometerpakete pro Monat – von 1.250 bis 3.330 Kilometer. “Wir sind fünf Gründer, die zusammen an der Hochschule in Würzburg E-Commerce studiert haben. Unsere Idee begann im November 2017 bei Schnitzel und Bier im Alten Kranen in Würzburg”, teilt das Unternehmen mit.

EXITS

Rips Technologies
+++ Das Schweizer Unternehmen SonarSource übernimmt die Bochumer Jungfirma Rips Technologies, eine Analysesoftware für die Sicherheit von Webanwendungen. “SonarSource, selbst bekannt als Anbieter des führenden Code-Qualitäts-Tools SonarQube, beschleunigt damit sein Wachstum auf dem Markt für Static Application Security Testing (SAST)”, teilt das Unternehmen mit. Rips Technologies, das von Johannes Dahse geführt wird, wurde 2016 gegründet. eCapital unterstützte das Satrtup in den vergangenen Jahren finanziell.

Achtung! Wir freuen uns über Tipps, Infos und Hinweise, was wir in unserem #DealMonitor alles so aufgreifen sollten. Schreibt uns eure Vorschläge entweder ganz klassisch per E-Mail oder nutzt unsere “Stille Post“, unseren Briefkasten für Insider-Infos.

Startup-Jobs: Auf der Suche nach einer neuen Herausforderung? In der unserer Jobbörse findet Ihr Stellenanzeigen von Startups und Unternehmen.

Foto (oben): Shutterstock

#aachen, #aktuell, #bochum, #dr-sam, #dusseldorf, #ecapital, #emteria, #faaren, #high-tech-grunderfonds, #kreatize, #rips-technologies, #ruhrgebiet, #runa-capital, #sonarsource, #venture-capital, #wurzburg

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Emteria, maker of industrial version of Android, raises cash from HTG and Runa Capital

Emteria, is a startup that emerged out of the limitations of the official Android Open Source Project. AOSP just isn’t good enough to be used in industrial applications which means if industry wants to use it, the platform must be extended and customized. Some industries still use outdated platforms like Windows CE to power things like ticket machines, for instance.

Emteria developed emteria.OS, an adapted Android operating system for industrial settings. As a result of its work, the startup has now raised €1.5 million in funding from the German state-backed High-Tech Gründerfonds and Runa Capital, based out of San Francisco.

While Android is the most popular OS with 2.5 billion active Android devices, pure-play Android isn’t suited to an industrial environment, where you can’t access Google Play Services, vendors’ centralized updates and have to limit the user-accessible functionality.

Emteria.OS can be used to power ticket scanning devices, cashier desks, ticketing machines, smart home controllers, video conferencing and alarming systems – or whatever a customer has in mind. They also get personalized branding, security updates, and ongoing support from the emteria team. emteria.OS is now used by over 75,000 сustomers.

Dr. Igor Kalkov, founder and CEO of emteria said: “The B2B market has so far failed to maximize the Android platform even though it has reached a market share of more than 70% for mobile operating systems. In the B2B environment, this development leaves much to be desired. Our vision is to free industrial devices from their individualized software, just like the mobile revolution.”

He said currently, software service providers often offer development contracts, but generate source code which the customer can’t do anything with, outside of the contract. Development contracts are also expensive and result in 100 companies cooking 100 different Android distributions.

Daniela Bach, Investment Manager at HTGF, said: “We are very convinced of this technology’s potential in the field of industrial operating systems.”

Dmitry Galperin, Partner at Runa Capital, added: “The team has reached great success among the Raspberry Pi community by developing an important layer for device configuration and management not available from the open-source Android. We believe that emteria will continue to attract more IoT developers.”

#android, #cashier, #ceo, #computing, #europe, #operating-system, #operating-systems, #partner, #runa-capital, #san-francisco, #smartphones, #tc, #video-conferencing, #windows-ce

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Runa Capital closes Fund III at $157M, with an added focus on Quantum computing

VC fund Runa Capital was launched with $135M in 2010 and is perhaps best known for its investment into NGINX which powers many web sites today. In more recent years it’s participated or led investments into startups such as Zipdrug ($10.8M); Rollbar this year ($11M); and Monedo (for €20M).

HQ’d in San Francisco, it’s now completed the final closing on its $157 million Runa Capital Fund III, which, they say, exceeded its original target of $135 million.

The firm typically invests between $1 million and $10 million in early-stage companies, predominantly Series A rounds and has a strong interest in cloud infrastructure, open-source software, AI and machine intelligence and B2B SaaS, in markets such as finance, education, and healthcare.

Dmitry Chikhachev, co-founder and managing partner of Runa Capital, said in a statement: “We are excited to see many of our portfolio companies’ founders investing in Runa Capital III, along with tech-savvy LPs from all parts of the world, who supported us in all of our funds from day one… We invested in deep tech long before it became the mainstream for venture capital, betting on Nginx in 2011, Wallarm and ID Quantique in 2013, and MariaDB in 2014.”

Going forward the firm says it aims to concentrate much of its firepower in the realm of machine learning, and quantum computing.

In addition, Jinal Jhaveri, ex-CEO & Founder of Schoolmint, a former portfolio company of Runa Capital which was acquired by Hero K12, has joined the firm as a Venture Partner.

Runa operates out its HQ in Palo Alto to its offices throughout Europe. Its newest office opened in Berlin in early 2020, given Runa Capital’s growing German portfolio. German investments have included Berlin-based Smava and Mambu, as well as the recently added Monedo (formerly Kreditech), Vehiculum, and N8N (a co-investment with Sequoia Capital). Other investments made from the third fund include Rollbar, Reelgood, Forest Admin, Uploadcare, and Oxygen.

N8N and three other startups were funded through Runa Capital’s recently established seed program that focuses on smaller investments up to $100k.

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