Author Archives: Virgile Dutrannoy

  1. Volocopter Raises EUR 200m in Series D Funding Round

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    Massive congratulations to our portfolio company Volocopter GmbH on their oversubscribed EUR 200m Series D round led by BlackRock. The round was followed by all existing investors, including us and our friends Stefan Klocke, Team Europe Management GmbH, Intel Capital, Avala Capital and Daimler AG among others. btov was the third-largest backer in this round through our btov Private Investor Network and our Helvetia Venture Fund as we couldn’t be happier with the company’s progress.

    Read more about it in the press release here.

    Volocopter will use the funds to solidify their leading position in the UAM market by bringing the #VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first commercial routes.

    Congratulations to Florian Reuter, Rene Griemens, Arnaud Coville, Christian Bauer, Alexander Oelling. This massive round is not only an achievement in itself, but a manifestation of the outstanding progress that has been made over the past few years.

  2. Hot off the press: Our btov Newsletter February 2021

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    Just in time for the end of the second month of the year, the latest btov newsletter comes fresh off the virtual printing press.
    We once again take an in-depth look at our latest investments and welcome Visplore and Vamstar to our portfolio. In addition, we are happy to share exciting and great news from our entrepreneurs like SumUp, Decentriq and LynxCare, Semalytix.
     
    More information on the ROSE framework in collaboration with START Global, a blogpost about the exceptional year for VC investors in life sciences and other, interesting news.
  3. Semalytix adds EUR 2m to financing round

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    After Semalytix already closed a Series A for EUR 4.3m last year, we are now pleased to announce the second closing for a further EUR 2m, backed by NRW.BANK.

    The Bielefeld-based startup offers pharmaceutical companies an AI-powered data tool to better understand real-world patient experiences. Read more here.

  4. btov Industrial Technologies Fund invests EUR 1m in Visplore

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    Visplore, the Vienna-based startup that offers a visual analysis software for time series data across all industries, has received EUR 1m from the btov Industrial Technologies Fund. The capital will be used to expand Visplores sales, marketing and development team to further accelerate its growth trajectory.

    “Visplore enables subject matter experts such as process engineers with no or very limited programming skills, so-called Citizen Data Scientists, to quickly and interactively gain insights from large amounts of e.g. sensor data. This is particularly relevant because it is precisely this group of people who have special process knowledge in a company. Visplore was able to win several renowned customers in the first few months after its founding and, in our view, has a good chance of becoming a leading player in the field of high-performance industrial visual analytics software,” comments Benedikt Kronberger, who accompanied the investment at btov Partners.

    Congratulations to Harald Piringer, Thomas Mühlbacher, the rest of the team and welcome to the portfolio!

    Read more here.

  5. Decentriq and LynxCare publish joint case study on their collaboration

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    What great news from the btov portfolio!
    Decentriq and LynxCare collaborate together to incorporate a data security layer to LynxCare’s healthcare analytics platform so that any sensitive data across hospitals and research institutions is processed in a provably secure, anonymous and encrypted enclave.
  6. Creating a connected healthcare marketplace around the globe — why we invested in Vamstar

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    After we published our latest investment in Vamstar yesterday, Jan-Hendrik Buerk and Anna Bosch from the btov Digital Tech Fund shed some light on why we decided to lead Vamstar’s first institutional financing round.

    Vamstar is building a SaaS-enabled healthcare marketplace connecting suppliers, such as pharmaceutical and medical device companies, with public and private buyers, such as hospitals, health insurances or Group Purchasing Organisations.

    “We firmly believe that it is the right timing to disrupt the complex world of healthcare sourcing and procurement and that the digital revolution within healthcare is only getting started.”

    For more info check out our blogpost.

  7. London-based B2B-healthcare marketplace Vamstar receives USD 1.7m

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    Vamstar, the London-based startup creating an AI-powered B2B marketplace for the healthcare industry, has raised a $1.7 million seed round led by btov, with participation from Antler and Begin Capital.

    The fresh funding will help the company grow from its offices in the UK and India, expanding across Germany and the US by the end of this year. New hires in sales and marketing, product development and data analysis will help that along.

    Welcome to the btov Portfolio and congratulations to Praful Mehta and the rest of the team!

    Read more here.

  8. Out now: btov Newsletter January 2021

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    Click here to read the new newsletter.

    We have published the first newsletter of the new year. We are happy to add LatticeFlow to our portfolio, furthermore our partner Andreas Goeldi goes into more detail in a blogpost and explains our motivation why we invested in LatticeFlow.

    Furthermore, there are exciting stories about COMPEON, Quanta, DyeMansion and more. In February, the next virtual btov Roundtable will also take place on the topic of “Remote Work – is it here to stay? All information on this in our newsletter.

  9. Why we invested in LatticeFlow

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    Following up on the news yesterday about our investment in AI startup LatticeFlow, our partner Andreas Goeldi wrote a blog post explaining why btov Partners – alongside Global Founders Capital – invested in the ETH Zürich spin-off.

    “What makes LatticeFlow’s technology so compelling is its holistic approach that is rooted in deep research combined with a fundamental understanding of real-world needs.”

    Read the full article here.

    Also you can find more on the investment here.

  10. ETH spin-off LatticeFlow raises USD 2.8m to help build trustworthy AI systems

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    LatticeFlow has raised a USD 2.8m seed funding round led by btov Partners and Global Founders Capital. The funding will be used to accelerate its product development and bring on new customers, as well as making first steps into the U.S. market.

    The company, which was founded in 2020 by leading AI reseachers at ETH Zürich, creates tools that help AI teams build and deploy AI models that are safe, reliable and trustworthy. Despite the amazing progress made in the last decade, current AI models can sometimes perform poorly and unpredictably when deployed in the real world, leading to growing concerns about their safety and reliability. Such reliability issues affect the use of AI in virtually all fields – healthcare, engineering, financial services, autonomous cars and many others.

    LatticeFlow already has various pilot customers who are using its tools like Swiss railways (SBB), Germany’s Federal Cyber Security Bureau and the U.S. Army. The team is also working with other large enterprises that are using its tools to improve their computer vision models.

    Congratulations to Pavol Bielik, Petar Tsankov, Martin Vechev, Andreas Krause and the rest of the team!

    Read more here.

  11. ROSE Framework — making ESG and Impact accessible for early-stage startups & investors

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    “ESG is hard and complex. If you decide to approach it with integrity, taking actions will require real efforts. There is no way around that.” START Global – Indeed, for this reason we are very grateful to have ROSE as a framework to foster an ESG mindset within our portfolio companies.

    Grounded in the belief, that it is never too soon for entrepreneurs to make the world a better and more sustainable place, we at btov Partners, see it as our responsibility to live and spread this mindset among our portfolio companies.

    To learn more about the ROSE framework, how it was developed, how it works and how you can leverage it, please check out this blog post.

    Moreover, if you are interested to learn more about how we utilize ROSE within btov, feel free to reach out to Florian Schweitzer & Anna Bosch.

    Big shoutout to the entire team behind ROSE for bringing this important topic top of mind!

  12. Quanta receives FDA 510(k) clearance for its SC+ Hemodialysis System

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    Quanta, the British medical technology pioneer developing innovative dialysis products and services for the global market, today announces it has received 510(k) clearance from the US Food and Drug Administration (“FDA”) to market its small and simple, high performance hemodialysis system SC+.

    This critical milestone enables Quanta to bring to the American market its portable device that can provide a dialysis dose equivalent to today’s standard of care, but in a compact, easy-to-use format suitable for a range of care settings.

    Read more here.

  13. Out now: btov Newsletter December 2020

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    Our last newsletter of the year brings all the information about our new portfolio entrepreneurs from Threedy, as well as other interesting news about Getsafe, Retinai, DyeMansion, Flytrex and more.

    Interesting blogposts from our own Jan-Hendrik and Jennifer, as well as a special shout-out to everyone new we’ve had the pleasure of working with this year.

    Enjoy reading and thanks for a great 2020!

  14. Tech Stack and Strategies of the Modern Community Builder

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    Our Investment Manager Jennifer Phan has published a new blogpost on the Tech Stack and Strategies of the Modern Community Builder.

    In a recent study by First Round Capital in 2019, nearly 80% of startup founders said that building a community of users is important to their business. At the same time, the craving for belonging, connectedness, and purpose is a very basic human need. The demand for Online Communities increased massively within this year and has led to evolving market needs and emerging startups and tools in this space. Jennifer spent some time with user research and looked at how community managers, creators and founders at gitti, Notion, Factory Berlin, InnovatorsRoom and Ness Labs are building and managing their communities and which pain points still exist in the market.

    Read the blogpost here.

  15. Threedy raises EUR 1.8m in seed funding

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    Threedy, the spin-off from Fraunhofer Institute for Computer Graphics Research IGD in Darmstadt, Germany has raised EUR 1.8m in seed funding to commercialize its instant3Dhub platform.

    Threedy’s instant3Dhub proprietary platform for high-performance visual computing allows customers to leverage the full potential of their 3D data. The technology enables data sets of any size to be used across all application and device classes, directly connected with business data and sensors for a variety of applications.

    The investment is led by the Industrial Technologies Fund of btov Partners, in association with High Tech Gründerfonds (HTGF) and Fraunhofer.

    See the official press release here.

    Read more here.

  16. Deconstructing the Practical Value Proposition in Digital Therapeutics

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    Our principal Jan-Hendrik has published a new blogpost on the determinants of a Practical Value Proposition in Digital Therapeutics.

    As stated in his previous blogpost “Digital Therapeutics: a bumpy road to commercialisation”, the Practical Value Proposition (PVP) is the backbone of successful commercialisation in Digital Therapeutics. In light of this importance he took a closer look at what it takes to obtain a PVP. Connecting the different determinants leads to the PVP flywheel – once it gets going, it should be very difficult to halt.

    Read the post here.

  17. Retinai announces collaboration with Novartis

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    Retinai, the developer of software solutions to accelerate and support clinical and pharmaceutical research, clinical workflows and biomarker based decision support, has announced a collaboration with Novartis to provide artificial intelligence solutions in ophthalmology.

    Congratulations to Carlos Ciller and the rest of the team!

    Read more here.

  18. Getsafe receives USD 30m in Series B

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    Heidelberg-based btov portfolio company Getsafe has received financing of USD 30 million in a Series B led by IptiQ, a subsidiary of Swiss Re with whom the startup already launched a mobile-first car insurance product last month. btov Partners participated alongside other existing investors such as Earlybird, CommerzVentures and Capnamic.

    Congratulations to Christian Wiens, Marius Simon and the amazing Getsafe team.

    Read more here.

  19. Out now: btov Newsletter November 2020

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    We have released our latest edition of the btov Newsletter which includes not only the introduction of Innatera Nanosystems to the btov Portfolio, but also we share exciting news of other btov entrepreneurs like SumUp, ToolSense, DouxMatok and Flytrex.

    In addition to the announcement, Christian and Julian have also published a blogpost explaining our investment in Innatera and Florian has published a blogpost on “The Crux of Impact Investing”. You can find more on them, our upcoming events and much more in the latest issue.

    You can find our newsletter here.

  20. We are proud to launch btov connect!

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    Today we are excited to share that btov is launching btov connect!, our office hour program for founders from underrepresented communities.

    After conducting the Female Founders Fundraising Survey together with Grace – Accelerate Female Entrepreneurship in Summer 2020, we learned that founders from underrepresented communities face greater challenges than their peers, including lack of capital access, network and clarity on VC expectations.

    As a result of the survey and our discussions we decided to create a recurring office hour program at btov to start move the needle! 

    Through btov connect!, we strive to provide equal opportunities to all founders, as we believe access to investors should not be limited to personal network. That’s why we aim to connect outstanding founders from diverse backgrounds with our dedicated investment teams and Europe’s strongest network of entrepreneurial private investors. 

    During a virtual one-to-one session, founders can get advice on business model design, geographical markets, specific industries and structuring fundraising rounds.

    Are you interested in participating as a founder or would like to share the initiative? Please find more information here.

     

    cc: Acton Capital, Ananda Impact Ventures, APX, Bundesverband Deutsche Startups, Capnamic, Earlybird, Factory Berlin, Female Founders, German Tech, Google for Startups, JOIN Capital, primeCrowd, Ringier Digital Ventures, seed+speed, WLounge

  21. btov Private Investment Academy / December 2021

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    The concept of the btov Private Investment Academy is based on conversations with private investors interested in start-up investing. The structure reflects the typical questions that investors usually ask (or should ask) when/before investing in a start-up for the first time:

    • How can an investor outline a basic investment strategy for himself before investing in a start-up for the first time? What should the investor consider? Why is this important?
    • Where do investors find a sufficiently broad selection of investment opportunities that are in line with their interests? Why is this important?
    • How can different start-up concepts be evaluated systematically and effectively regarding their strengths and weaknesses?
    • How should the more profound evaluation of investment opportunities (Due Diligence) be structured?
    • When the basic decision for an investment is taken, what options are available for the investor to structure his investment? What are key elements of so-called term sheets? What are the meanings of the most common terms that are discussed with reference to term sheets?
    • When the capital is wired, what are the next steps? How can the investor personally contribute to the successful development of the start-up after the investment?
    • How are positive and negative developments of start-ups experienced by start-up investors? What learnings can be derived from these experiences?

    The btov Private Investment Academy addresses private and institutional investors who plan to do direct investments in start-ups. The Academy offers not only an introduction into the start-up world, but also pragmatic advice for first investments, i.e. the preparation, execution and follow-up of first direct investments. For experienced business angels, the Academy serves as inspiration or benchmark since the participants receive detailed insights into the btov investment processes which have been developed over the last 10 years. The btov Private Investment Academy is an invitation-only event. The Academy is not an investment event. The goal of the Academy is to provide answers to the above mentioned questions. The event is organized by btov. Selected start-ups in search of investor capital will present their business concepts in the course of the event, but these presentations will only cover a small section of the Academy.

    The btov Private Investment Academy in November 2021 is the 27th btov Private Investment Academy.

    If you are interested in participating, please contact Wanda Mäder. We are looking forward to welcoming you to the first module of the Academy at Schloss Wolfsberg in November 2020!

  22. Dutch nanotech startup Innatera Nanosystems raises EUR 5m in seed funding

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    Dutch company Innatera Nanosystems has raised EUR 5m in seed funding to bring its brain-inspired processing technology to sensors and sensor-based devices. The round was led by Munich-based deeptech investors MIG Verwaltungs AG and the Industrial Tech Fund of btov Partners.

    Dr. Christian Reitberger and Julian Riebartsch, Partner and Associate at btov’s Industrial Technologies Fund respectively, have published a blogpost on Medium to detail why we invested in Innatera Nanosystems and to deepdive into the various market segments and use cases in which AI accelerator chips can be utilized.

    Read the blogpost here.

    And read more about the investment on Tech.eu here.

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