The Berlin-based SaaS platform for digital therapy, Caspar-Health, has successfully raised €5.3 million in a Series A funding round for further growth of its platform. Thanks to Caspar-Health, medical facilities can offer digital therapeutic care to their patients before, during and after their in-hospital stay, thus sustainably improving the medical success of each treatment.
Caspar-Health, founded in 2016, is a digital therapy platform that meets all the requirements of the German Pension Fund for tele-therapy, as well as being approved by several insurance companies in the areas of rehabilitation, prevention and aftercare. With the help of Caspar-Health, medical institutions can carry out therapy measures digitally and remotely with their patients, to sustainably increase therapy success all while the quality of the received health service is ensured at all times.
Lead investor in this financing round is Ananda Impact Ventures, one of Europe’s leading social impact funds, which focuses on entrepreneurial solutions to social problems. Previous investors Atlantic Labs, Think.Health Ventures and Helmut C. Nanz also participated in the round. The three founders Maximilian Michels, Benjamin Pochhammer and Maximilian von Waldenfels continue to hold substantial shares.
Caspar-Health wants to use the financing to expand its market leadership in Germany in the field of digital therapy, further develop the product and create new care models for hospitals and their patients, plus provide all patients with access to individual, digital therapy.
“The combination of digital know-how and medical expertise at Caspar-Health is extremely convincing for us. The business model works. Caspar-Health enables nationwide coverage, which generates extreme added value for payers and clinic operators”, says Bernd Klosterkemper, a partner at Ananda Impact Ventures, further adding: “We are very impressed by the profitability and business success.”
The company is growing rapidly. From 2018 to 2019, turnover quadrupled to over €1 million. The number of hospitals using Caspar-Health for their therapeutic measures tripled last year to over 100, which represents almost 10 percent of the German rehabilitation landscape.
Founder and Managing Director Maximilian von Waldenfels says: “We are delighted to have found a lead investor in Ananda Ventures who will drive our positive impact in the healthcare market. With Caspar-Health, we have taken patient care into a new digital era and with this investment we will pursue our goal, to solidify our market leadership in the field of tele-therapy. This includes in particular, further product development and implementation of many other care models for our customers”.
Swedish startup Funnel announced today it has closed an approximate €42.6 million Series B round led by Eight Roads Ventures and F-Prime Capital, with participation from existing investors Balderton Capital, Oxx, Zobito and Industrifonden as well as Kreos Capital.
Funnel, founded in 2014, is changing the way we think and interact with data by taking messy, siloed data from over 500 platforms and automatically generating business-ready data that is fully harmonized, instantly refreshed and always ready to act upon. Made for business users, the platform empowers marketers to own the data and make better decisions, faster, about what’s really driving the business. At the same time, it provides the flexibility to send the data into any destination, such as Tableau or Google Data Studio. The result is empowered, accountable marketing teams that can finally deliver on the performance promise of digital marketing.
Funnel is already used by 800 forward-thinking organizations across a wide set of industry verticals, including Klarna, trivago, Discovery, Appsflyer, Skyscanner, SAS – Scandinavian Airlines, as well as leading media agencies like Havas Media, Ogilvy and DAC Group, just to mention a few. During 2019, the , grew from 73 to 140, and the company signed new office space for a total of 400 people across Stockholm and Boston, setting up a platform for continued rapid expansion.
Funnel will use these new funds to accelerate its plan in the US, where it is seeing strong demand from enterprises, and invest heavily into its technical teams to further the vision of creating a single source of truth of marketing, sales and other commerce data.
Alston Zecha from Eight Roads Ventures has joined the Funnel Board of Directors, and commented: “Funnel solves a critical pain-point for a growing number of marketers, from midsize companies all the way to very large enterprises. There was no stronger validation for us than the fact that several of our portfolio companies are already amongst its many delighted customers. We have been really impressed not only by Funnel’s world-class technology, roster of clients and rapid growth, but also by the inclusive, transparent and customer-centric culture of this great team.”
Fredrik Skantze, CEO and co-founder, says: “Per Made and I founded Funnel after many years of being frustrated by ineffective reporting getting in the way of unlocking the power and promise of digital marketing. We soon discovered that we were not alone in our frustrations, with explosive inbound demand that has seen the business double or more every year. We are really pleased to have Eight Roads Ventures and F-Prime Capital onboard. With teams in the US, UK, China, India, Singapore and Japan they are truly a global platform that we can lean on for support in our aspiration to keep building a category-defining company that empowers organizations with Business-Ready data for reporting and analysis.”
Luxembourg-based Governance.com has today announced raising a €3 million round which will be used to expand its digital governance solutions for financial institutions. The news comes after the startup was recognized for the second consecutive year as one of the most innovative RegTech companies in the world.
Founded in 2011 by twin brothers, Bert and Rob Boerman, Governance.com is a RegTech company providing digital governance solutions that enable financial institutions to understand their data, automate their process and record their actions. Governance.com’s cutting edge data aggregation, process automation and analytics technology simplifies and automates regulatory processes and puts real-time business intelligence at their client’s fingertips, wherever and whenever needed.
Since being awarded “Luxembourg FinTech Startup of the Year” in 2016, the company positioned itself as one of the most successful Luxembourg FinTechs. In 2018, Governance.com was recognized as one of the 50 hottest European FinTechs alongside unicorns such as Revolut, N26 and Monzo. It was also listed two consecutive years as one of the most innovative RegTech companies in the world by FinTech Global. Today, Governance.com serves Tier 1 banks and asset managers in Luxembourg, Ireland and Switzerland.
“Our ready-to-go solutions for fund managers and depositaries, combined with our new CRM solution, are extremely well received. The pre-configurated models, in line with CSSF circulars like 18/698 and 18/697, enable clients to be immediately operational with cost effective implementations. Moreover, our new robotic process automation technology can help increase compliance productivity by 25%, while ensuring that our clients can always demonstrate regulatory compliance”, says Bert Boerman, CEO of Governance.com.
“The year 2019 was very good, year 2020 will be even better. We are on our track to become Luxembourg champion and a recognized regional player for digital governance solutions in the asset management industry. We remain very ambitious. We plan to revolutionize the entire governance ecosystem by simplifying matters and reducing the costs of any corporate governance challenge. Some major announcements will follow soon, so stay tuned!”, completes Georges Bock, Chief Strategy Officer of Governance.com.
The new funds will be used to double its headcount to satisfy the fast-growing demand for its solutions. Over the next 12 months Governance.com will hire 20 top talents to boost its Clients and the Solutions Teams.
Leap, a universal distributed energy marketplace, today announced a new capital raise totaling €7.39 million from a combination of equity and debt. The Series A funding round was led by Union Square Ventures, being their first investment in the energy sector. Silicon Valley Bank funded the debt portion of the capital raise.
Leap, founded in 2017, enables real-time automated trading on energy markets. Its Distributed Energy eXchange (DEX) platform grants generation assets and energy resources including battery energy storage, electric vehicles and HVAC systems access to global demand response programmes, renewable energy certificate programmes and real-time pricing through a single API. Leap’s open, hardware-agnostic platform turns the operators of energy resources of any size and type into autonomous smart energy traders, providing revenue to participants while unlocking the benefits of a truly resilient and transactive grid.
Leap is a privately held company with offices in the Netherlands and San Francisco. These new funds will enable the team to grow its presence in Europe and the US, as well as add new members to its team in both locations.
“The world needs more devices and applications that manage energy intelligently, and those devices and apps need Leap’s API to interface with energy markets,” said Nick Grossman, partner at Union Square Ventures. “USV has a long history of investing in online networks, marketplaces, and API platforms, and we believe there is a massive need and opportunity to bring these approaches to bear in the energy sector. We are proud to partner with Leap to bring programmability and flexibility to the grid.”
“We’re thrilled to have Union Square as the lead investor in our new round,” said Thomas Folker, Leap’s co-founder and CEO. “USV is one of the most highly regarded early-stage investors in tech, with an impressive track record of identifying how networks and marketplaces can disrupt entire industries. The electrical grid is undergoing a massive transformation to a grid run on renewable energy. USV’s confidence in Leap speaks volumes to how our marketplace can accelerate this transformation by bringing untapped flexible demand from many thousands of end-customers to help balance the grid.”
In 2019, Leap announced a partnership with Google Nest to allow its residential smart thermostat customers to contribute demand response services to the grid for the first time. Leap was also selected as one of 17 companies in the eighth cohort of clean technology-focused Elemental Excelerator.
UK e-vehicle startup Arrival has announced landing €100 million investment from Hyundai and Kia. Hyundai and Kia will use key Arrival technologies to help achieve their recently announced goal to develop mobility services and electrify their vehicle fleets. The investment marks the start of a strategic partnership between the automakers to jointly accelerate the adoption of commercial e-vehicles globally. Arrival, founded in 2015, is a technology company creating Generation 2 Electric Vehicles – a new product category that surpasses existing electric vehicles in cost, design and efficiency. Arrival has over 800 people globally and is headquartered in London, UK. It also has offices in Germany, Netherlands, Israel, Russia and the US. Arrival’s vehicles are priced the same, or less than, current fossil fuel vehicles, making the decision to switch to electric inevitable, and increasing the adoption of electric technology globally. With over 300 million commercial vehicles in the world, this will have a huge impact on people, business and the planet.Arrival has created in-house software, components, sustainable materials and modular skateboard platforms to enable Generation 2 vehicles. Purpose Built Vehicles of any weight, type, size and shape are produced from Arrival’s platforms and assembled by microfactories. Each low footprint microfactory produces any vehicle on demand and is located to serve local communities. Through the course of the partnership, Arrival, Hyundai and Kia will use Arrival’s flexible skateboard platforms and technologies to create new purpose built electric vehicles (PBVs) across multiple vehicle categories. Hyundai and Kia will leverage Arrival’s novel microfactories and software innovation whilst Arrival will benefit from the OEM’s global footprint and economies of scale. This will help accelerate the ‘Two Track’ strategy adopted by Hyundai, to bring zero-emissions battery and fuel cell technologies to the commercial vehicle market.Albert Biermann, President and Head of Research and Development Division at Hyundai Motor Group, added “The eco-friendly vehicle market in Europe is expected to grow rapidly due to reinforcement of environmental regulations. Through the joint development of commercial electric vehicles with Arrival, we will be able to gain a competitive advantage and progressively establish our leadership in the global eco-friendly vehicle market.”“We are excited to come out of stealth mode with our partnership with Hyundai Motor Group, and our complementary expertise will allow us to rapidly design, build and roll out vehicles together. Accelerating electric vehicle adoption is good for everyone – for people, business and the planet and we are pleased to undertake this mission with our partners Hyundai and Kia ”, Avinash Rugoobur, Arrival’s Chief Strategy Officer said.
Belgian startup Calltic, on a mission to eradicate fraud from the telecom world, has announced closing its Series A funding round.
Calltic, founded in 2017, offers a radical new approach in telco fraud fighting, which vastly outperforms existing CDR based solutions. Its fast solution detects all on-net and off-net SIMBoxes with one single tool, giving teams time to focus on other tasks.
The round was fully subscribed with €1.5 million and was led by Qbic II Fund which has a strong track record in technology ventures. Akiles, a Brussels based investment company, completed the consortium that subscribed to the capital. Calltic’s previous investors, imec.istart and Luc Kindt, a technology investor, also participated in the round.
“There was a strong interest in the file because of Calltic’s solid technology and the track record of the management team”, says Mrs. Sofie Baeten, Managing Partner of the Qbic II Fund. “It is a pleasure to see the great value Calltic’s collaboration with one of our Fund’s university partners (UGent) brings to Calltic’s technological core and its products.”
The company has recently gained its first contracts for fraud detection with mobile operators in Africa. For Calltic, the successful round marks an important milestone in the company’s development. With the funds now raised, the company can execute its plan to roll out its first product in 2020. The company also filed its first patent and is preparing for new product introductions.
“We are grateful to both our new and our old investors for their confidence in us and what we have set out to accomplish”, says Guy Van der Meeren, CEO of Calltic. “We warmly welcome our new investors to join us on this journey to fight fraud in mobile telco operators”, he continues.
To this date Calltic has raised nearly €2 million for the development of its technology and business. The prospects for Calltic are very promising as its technology provides invaluable fraud control in a market which suffers an estimated fraud loss of €5 billion worldwide.