Author Archives: Virgile Dutrannoy

  1. WISE’s cutting-edge cortical neuromonitoring electrode receives CE Mark

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    WISE Srl, the medical device company developing next-generation implantable electrodes for neuromonitoring, neuromodulation and brain-machine interfacing, has announed the CE marking of its WISE Cortical Strip (WCS®), a single use medical device intended to be used on the surface of the brain for intraoperative neurophysiological monitoring.

    The WISE Cortical Strip is the first product receiving CE mark within the Company’s WISEneuro® Monitoring product family. The CE mark follows the successful conclusion of the WIN study, a multicentric pre-market clinical study that demonstrated safety, performance and usability of WISE’s device.

    Read more here.

     

  2. EUR 5.5m for deeptech startup DessIA

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    We are happy to announce our first investment in France! Together with Supernova Invest, GO CAPITAL and BPI, the btov Industrial Technologies Fund has participated in a EUR 5.5m financing round for the deeptech startup DessiA Technologies!

    Founded in Paris in 2017, DessIA develops and commercializes a software solution based on Explainable AI that introduces the concept of Robotic Engineering Automation (“REA”) to drastically speed up engineering processes. The funding will enable DessIA to strengthen its sales team, accelerate the development of its bot platform in the spirit of no-code, and continue the development of new bot families. A key goal is to expand sales activities to other European markets, with Germany as the first country on the list.

    Our colleagues Julian Riebartsch and Robert Gallenberger go into detail on why we have invested in the startup in their blogpost.

    Congratulations to founders Steven Masfaraud and Pierre-emmanuel Dumouchel and the whole team. We are very happy to accompany DessIA in its next chapter.

    Find out more about DessIA’s highly innovative approach in the official press release in German or English.

  3. btov New Space Roundtable (virtual)

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    Join us on our excursion into the exciting world of New Space. You will learn more about one of our currently most trending topics in this area, meet renowned industry experts and get inspired by pitches from our selection of thrilling startups. Register here.

  4. Remote Work: Is it here to stay?

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    With the current pandemic underway, most companies now have an economic incentive (and moral imperative) to put processes in place that enable a smooth transition to remote operations. In his latest blog post, our investment manager Benjamin Dobbrick looks for answers to the question of whether the current remote work wave is just a fad or whether the pandemic has accelerated an already existing trend and will lead us to find, try or use alternative ways to work.

  5. btov Newsletter | April 2021

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    In this month’s newsletter, we take a look at three exciting startups that we have welcomed into our portfolio this month. Yet our investments in LiveEO, Vantis, and together with Helvetia Venture Fund in Baufi24 are not the only news we have announced.

    We are excited about the successful financing rounds at BUX and Seven Senders as well as further great news from neptune.ai and Beekeeper, as well as other entrepreneurs!

    Read the latest issue here.

    And if you’d like to receive next month’s newsletter in your inbox, feel free to sign up here.

  6. Baufi24 receives EUR 6.7m in Series A

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    We are very pleased to announce the joint investment of the Helvetia Venture Fund and btov’s Private Investor Network in the digital construction financing company Baufi24 Baufinanzierung AG.

    The Hamburg-based fintech has received EUR 6.7m in a Series A and will use the fresh capital to expand their market position as one of the leading digital real estate financiers. Baufi24 will focus on further development of its technology and the expansion of its branch network across Germany.

    Michael Wieser, Managing Partner of Helvetia Venture Fund, explains: “We believe in the experienced team at Baufi24 and see great potential for the digitalisation of real estate financing. Especially since pandemic times, online offers in the area of finance are in even greater demand.”

    Read more in the official press release here.

    Congratulations to Tomas Peeters and the rest of the team and welcome to the btov portfolio!

  7. BUX raises USD 80m to expand its neo-broker platform

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    We are thrilled to share that our portfolio company BUX, the Amsterdam-based neo-broker, has completed a USD 80m follow-financing round.

    The capital increase is led by technology investor Prosus Ventures and Chinese internet company Tencent. In addition, other new investors such as ABN AMRO Ventures, Citius, Optiver and Endeit Capital as well as existing investors HV Capital and Velocity Capital Fintech Ventures are participating in the financing round.

    The company intends to use the fresh money to further drive the growth of the investment app BUX Zero in other European countries. By the end of 2022, they want to be represented in all major European countries.

    Congratulations to the whole team!

    Read more here or here.

  8. btov Investor Bootcamp (virtual)

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    Learn the basics of angel investing, including startup valuation and the do’s and don’ts of due diligence and term sheets. Register here.

  9. Seven Senders raises EUR 32m in Series C

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    Seven Senders, the Berlin-based delivery platform for parcel shipping has closed a Series C funding round of EUR 32m. The round is led by Digital+ Partners, with previous investor btov Partners also participating.
     
    This raise comes fresh off Seven Senders reporting EUR 100m in annual revenue, a figure that doubles the previous years’ financials. The new capital is expected to be used towards the further technical expansion of the product offering as well as international expansion.
     
    Congratulations to Johannes Plehn, PhD, Thomas Hagemann and the rest of the team!
     
  10. neptune.ai included in annual AI 100 list

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    We are very happy to announce that our portfolio company neptune.ai has been included in CB Insight’s annual list “AI 100: The Artificial Intelligence Startups Redefining Industries”.

    The team of Piotr Niedzwiedz, Jakub Czakon, Paulina Prachnio and Piotr Łusakowski is only one of six AI companies in continental Europe to be included in this prestigious list.

    Congratulations to the entire team! If you want to find out more about neptune.ai and their new product generation, which has just been launched, please visit their website here.

  11. Delivering Answers from Above: Infrastructure Analysis with Satellite Data – why we invested in LiveEO

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    Why is btov only now investing in an EO company? It is widely understood that in the last decade a lot has changed in the space technologies ecosystem: access to space has been broadened by well known players like SpaceX, but also by a large number of new satellite launch companies setting out to finally realize the promise of “democratizing space”.

    Dr. Elisabeth Schrey and Victor Szabo from the btov Industrial Tech Fund explain, why we have invested in LiveEO in our latest blog article.

  12. Earth Observation Startup LiveEO secures EUR 5.25m to accelerate global expansion

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    LiveEO, an Earth Observation asset monitoring startup based in Berlin, has closed an investment round co-led by btov Partners and Helen Ventures, and with DvH Ventures, and Motu Ventures as well as deep tech investor Andreas Kupke and one of the most renowned investors from the Silicon Valley tech ecosystem participating.

    LiveEO analyzes satellite imagery with artificial intelligence to monitor infrastructure grids such as railways, electricity grids or pipelines and enables the operators of these assets to save operational expenses and improve performance. Currently LiveEO can count more than 30 grid operators from all over the world as their customers including Deutsche Bahn, Bayernwerk, Tensio TS AS snd pipeline operators such as Gascade (Germany).

    The Series A investment of EUR 5.25m allows LiveEO to further accelerate the development of their market leading infrastructure monitoring solution as well as their international expansion.

    Congratulations to co-founders Daniel Seidel and Sven Przywarra and the rest of the team and welcome to the btov Portfolio!

    Read more in the official press release here (German) or here (English).

     

  13. Tackling the dominant global health problem — cardiovascular diseases

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    In the light of our investment in Vantis, to support them on your journey to improve cardiovascular disease treatments, our Principal Jan-Hendrik Bürk has written an article in which he explains why btov Partners invested in the startup from Munich, why we believe in the team and think that Vantis is taking the right approach.

    Read the article here.

  14. Vantis gets EUR 3.8m in financing round

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    We are thrilled to announce our latest investment in Vantis, a digital health application offering digital therapeutics for cardiovascular indications. btov Partners co-led this EUR 3.8m financing round together with firstminute capital and renowned angels such as the founders of think-cell.

    Having known the team behind Vantis – Till Jansen, Maximilian Roedel, Ulrich Klank, Dr. Kevin Wiesner, and Priv.-Doz. Dr. Felix Jansen – almost since inception of the company, we were able to observe the ongoing stellar execution and rapid operational developments from the side line. Thanks for letting us be part of your journey to tackle Germany’s biggest cause of death!

    Congratulations to the team of Vantis and welcome to the btov Portfolio!

    Read more here.

  15. Seeding entrepreneurial success with clear ESG goals

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    Over the course of btov’s 20 years working in the startup industry we have observed — and sometimes learned the hard way — the impact that a team’s values can have on the success of a startup.

    Using several examples, our CEO and partner Florian Schweitzer shows how important it is to nuture entrepreneurial success early on, with clear ESG goals.

    Read the blogpost here.

    Furthermore, we are excited to openly share our vision, mission and values. These can be found here.

    Florian also explains in his article why now is the right time to articulate them so clearly.

  16. btov Newsletter on time, space, trust and quality | March 2021

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    In the latest issue of our newsletter, we take a look back at the past quarter and celebrate a number of successes and milestones. We review the exciting and spectacular START Summit 2021, welcome finway as a btov portfolio company and have interesting news from Volocopter, Ava Women, EFFECT Photonics, Flytrex and many more entrepreneurs.
     
    We also welcome Gerrit as a new partner, keep the dialogue going in our blogposts on GNSS and Cybersecurity, as well as sustainability and ESG goals, and look ahead to our upcoming events, such as the btov Investor Bootcamp. All this and more in our btov newsletter on time, space, trust and quality.
  17. btov Climate Tech Roundtable (virtual)

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    This time around you will learn more about Climate Technologies and the most trending topics in this area, meet renowned industry experts and get inspired by pitches from our selection of thrilling startups. Register here.

  18. The Rising Need for Cybersecurity in Global Navigation Satellite Systems

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    Global Navigation Satellite Systems (GNSS) have clearly become part of our daily lives whether it is through the use of navigation and localization systems or the synchronization of time on your connected devices.

    Following up our previous post on our investment in Regulus Cyber and the rise of spoofing and jamming attacks, Sven Eppert and Charles Tissot from our Managed Partner Funds wrote a blogpost to shed light on the rather fragmented GNSS-related ecosystem, the myriad of use cases this technology enables, and the associated cyber risks that create new opportunities for protection.

    Read it here.

  19. Not just another expense management tool — why we invested in finway

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    After announcing our investment in finway yesterday and thus adding the Munich-based startup to our portfolio, Luca Martinelli and Anna Bosch from the Digital Tech Fund explain in our latest blog post why we invested in the fintech.
     
    finway is on a mission to improve how small and medium-sized enterprises manage their spend-related tasks. Read more about it here.
  20. finway raises EUR 2.1m in seed round

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    Munich-based startup finway has raised EUR 2.1m in its seed round from btov Partners and 10x Group. The fresh capital will be used for the expansion of product development and customer support.

    finway offers expense management for small and medium-sized businesses. The platform is designed to enable closer collaboration between finance and business departments. The FinTech positions itself as software for financial accounting plus credit card service.

    Congratulations to Csaba Krümmer, Jennifer Dussileck, Philipp Rieger and the rest of the team and welcome to the btov portfolio!

    Read more here.

  21. btov appoints Gerrit Jurilj as partner

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    Gerrit Jurilj, active at btov Partners since 2015, has been appointed to the partnership with immediate effect. Together with Dr Jörg Dörnemann, he will further develop the btov Private Investor Network (#brainstoventures), Europe’s strongest network of entrepreneurial private investors, and significantly expand the network’s investment activities.

    In recent years, Gerrit Jurilj, most recently as Principal, has already contributed significantly to the qualitative and quantitative growth of the btov network and has been involved in more than 50 transactions. In the first quarter of 2021 alone, btov network members invested over EUR 26 million in btov direct investments. btov portfolio companies such as SumUp, SpaceX, Volocopter and Happify have raised over EUR 1.9 billion in follow-on financing since the beginning of the year. At btov, Jurilj is currently responsible for nine investments, including the flight taxi startup Volocopter, the AI companies Healx and Trellis, and the Swiss femtech Ava Women.

    30-year-old Gerrit Jurilj studied International Management at ESB Business School Reutlingen and Lancaster University Management School. Before joining btov as an investment analyst, he worked as an M&A analyst for Clairfield International and in business development for the Rocket Internet startup EatFirst, among others.

    Dr. Jochen Gutbrod, Executive Chairman of btov: “I am very happy for and with Gerrit. He is a great asset to our partnership. As a brilliant investor with a strong sense of fairness, he has not only been providing top deal flow for years, he also balances the needs of entrepreneurs and investors in a sustainable way.”

    btov partner Dr. Jörg Dörnemann: “I cannot imagine a better partner colleague than Gerrit. As a second-generation immigrant, he enriches the diversity of perspectives at btov. His promotion is – after several other, internal partner promotions – another nice proof of the career opportunities btov’s growth offers.”

    See also here.

  22. Digital therapeutics platform Happify raises USD 73m in Series D

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    Our portfolio company Happify Health has raised another USD 73m to advance and expand the company’s healthcare platform, focused on digital therapeutics and patient care delivery. The round was led by Deerfield Management and included participation from Omega Capital Partners, ION Crossover Partners and several existing investors, including Mangrove Capital Partners, TripleTree Capital Partners and btov Partners.
     
    Congratulations to the team – it’s a great pleasure to work with you and observe your progress from the side line!
     
  23. Digital payments provider SumUp borrows USD 895m to fund growth

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    London-based fintech company SumUp has announced it had borrowed USD 895m from backers led by Goldman Sachs, and also backed by Singapore’s Temasek Holdings, Bain Capital Credit, Crestline and funds run by Oaktree Capital Management.

    The provider of mobile point-of-sale terminals for small businesses like cafes and car repair shops will use the financing to invest in acquisitions and new products as it continues its global expansion.

    Read more here.

  24. START Global and btov announce partnership ahead of START Summit 2021

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    With START Summit 2021 just days away, we are excited to announce our continued strategic partnership with START Global.

    Watch our announcement video here.

    We would like to thank the entire START Global team, with whom we have worked closely on exciting projects over the past decades to develop and promote exceptional entrepreneurs together.

    Join us from March 22-27 at START Summit 2021!

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