Energy firm Suena raises eight million, while Kertos secures over fourteen million in investments; Cusp ventures contributes to leadity's financing.
In the dynamic world of technology, investments and acquisitions are shaping the future of numerous startups across Europe, with Germany playing a significant role. Here's a roundup of some recent developments:
Kertos Secures Funding
Canadian FinTech investor Portage has injected 14 million euros into Munich-based Kertos, a startup focused on compliance. This investment brings Portage's stake in Kertos to around 16%. Founded in 2021 by Kilian Schmidt, Johannes Hussak, and Alexander Prams, Kertos uses AI to automate regulatory requirements and certification standards.
Agile Robots Expands its Robotics Ecosystem
Munich-based robotics company Agile Robots, founded in 2018, has acquired the remaining shares in BMW Group spin-off idealworks. Agile Robots now holds 100% of idealworks, with the BMW Group remaining a long-term partner. Idealworks offers a robotics ecosystem, including the automation platform AnyFleet, the simulation software iw.sim, and the autonomous mobile robot iw.hub.
suena energy Raises Funds for Expansion
Eneco Ventures, along with 4impact capital, and existing investors have invested 8 million euros in suena energy, a Hamburg-based startup that develops a cloud-based optimization software for energy storage systems. Around 4 million euros have already been invested in suena energy, and the company plans to use the new funds for international expansion, scaling its business model, and optimizing the co-location of storage systems with renewable energy assets.
Leadity Secures Funding and Expands Customer Base
Cusp Capital has invested an undisclosed sum in leadity, a Hamburg-based company that provides an ESG and CO2 software solution for SMEs. Around 600 SME customers from 20 industries currently use leadity's software, and around 60 employees work for the company. Cusp Capital now holds around 17% of leadity, a spin-off of sustainability consultancy fjol, which covers everything from sustainability strategy and management to climate accounting and supply chain analysis.
Nuwo Acquired by an Unnamed Buyer
The Berlin-based office furniture-as-a-service startup nuwo has been acquired by an unnamed buyer. The acquisition was confirmed by the founder Lisa Rosa Bräutigam, who emphasized the value of nuwo’s developed software technology as a key asset. Nuwo has raised around 3 million euros from investors including VR Ventures, IBB Ventures, Haufe Group Ventures, and Takkt.
SINGU Acquires net-haus
Polish company SINGU, specializing in cloud-based software solutions for real estate and facility management, has acquired net-haus, a Berlin-based company offering web-based building management software 'hausmanager'.
Cloud Coach Acquires JustOn
American company Cloud Coach has acquired JustOn, a German company specializing in billing and financial management solutions for the Salesforce ecosystem.
The STARTUPLAND Event Returns
The second STARTUPLAND event is scheduled for November 5th. This event offers a platform for startups, investors, and industry experts to connect and discuss the latest trends and opportunities in the tech sector.
In these exciting times, it's clear that Germany continues to be a hub for tech innovation, with numerous startups attracting significant investments and acquisitions.
