The Venture Codex

Led · Seed · Jan 2025

Matchory operates a SaaS platform that collects supplier information across supply chains and makes it centrally available for strategic procurement. The platform uses AI models and web scraping to power supplier search and matching; its database contains over 14 million supplier profiles covering over 98 percent of the relevant manufacturers in the global market. Customers include DMG Mori, Tesa, Bosch and Jungheinrich. Matchory is a consortium partner in the Factory-X project alongside SAP, Siemens and roughly 50 other IT and industrial companies aimed at advancing supply‑chain digitization and standards. The company will use the newly raised capital to expand internationally and further develop its matching technology, integrate additional data sources and offer new features. Financially, Matchory secured a €6M seed extension led by Munich-based VC Capmont, joined by existing investor Earlybird-X and angel investors. Matchory offers a SaaS platform that gives procurement teams access to a global database of suppliers, aiming to replace manual sourcing with automated supplier search and evaluation. The platform claims access to over 10 million suppliers and more than 2 billion structured data points, covering information on over 95% of relevant suppliers. Clients include DMG Mori, tesa, Bosch, and more than 1,000 others, and the company says customers can cut production costs by up to 35% and speed time-to-market by 50–85%. Matchory emphasizes increased supply-chain transparency to help companies comply with evolving regulations such as the Supply Chain Act. The company plans to use the new funding to continue developing its SaaS solution, integrate additional data sources, and add new features. CEO and co-founder Aiko Wiegand highlights the importance of fast availability of supplier and supply-chain information for efficient and sustainable decision-making.

Led · Series C · Oct 2023

Habyt operates a digital-first marketplace for furnished co-living units, handling listings, virtual viewings, contracts, identity verification and other transactions end-to-end via its platform. The company targets medium-length tenancies (roughly six to nine months) and serves a customer base that is about 70% international and 30% local. Its inventory has expanded rapidly to roughly 30,000 units across about 50 cities, up from 5,000 units in 18 cities a year earlier. Habyt reports profitability already in several key markets and says it is on track for full-company profitability in 2024. The business has grown organically and through acquisitions, including Hmlet (Singapore, 2022) and New York-based Common earlier this year, and has opened its first hotel in Berlin. The funding will be used to enhance the tech platform and to expand the business across Europe, Asia and North America. Habyt offers fully furnished and serviced co-living units with a tech-enabled user experience and a subscription monthly-rent model. The service targets young professionals aged 20–35 who move jobs and cities frequently, enabling flexible moves between properties. The company has pursued an aggressive M&A strategy—acquiring Quarters, Goliving and Erasmo’s Room—and recently merged with Homefully. As a result it now operates over 5,000 units across 15 cities in six countries. Habyt closed a €20 million ($24 million) Series B backed by HV Capital, Vorwerk Ventures, P101 and Picus Capital; management says the funds will support organic growth and further M&A. Founded in 2017 by Luca Bovone, the company is focusing on strategic targets in Europe (notably France and Italy) and is eyeing expansion in Asia. Management also cites pandemic-driven demand for better at-home workspaces and increased willingness to pay for comfortable housing. Habyt operates furnished private and shared apartments with a strong emphasis on design, community and a fully digital experience. The company was founded in Berlin in 2017 and now operates in Germany, Spain, Italy and Portugal. Habyt grew more than 300% since early 2020 and positions itself to continue that trajectory through 2021. In 2020–21 Habyt has expanded by acquisition, buying Go-living in July 2020 and Erasmo’s Room in Madrid (270+ rooms), bringing its Spanish footprint to over 500 rooms and thousands across Europe. The company says the latest capital from Inveready will finance the Erasmo’s Room acquisition and support further European expansion. Habyt and the broader coliving sector have been described as resilient amid COVID-19, outperforming traditional rental markets on rents and occupancy according to Cushman & Wakefield. Projects Co-living provides a housing-as-a-service platform for young professionals, offering a temporary living concept centered on lifestyle and community with shared living units and private, fully furnished flats. The platform bundles services and entertainment opportunities for residents to foster community. The company is based in Berlin and was founded in 2017 by Luca Bovone and Giorgio Ciancaleoni. To date it has raised a total of €2.5m. The latest round will fund acceleration of expansion beyond Germany into the Italian, French and Spanish markets.

Participated · Series A · Jul 2021

Fero Labs builds process optimization software that uses white-box AI to help industrial manufacturers increase profitability and sustainability. Its platform provides plant operators with no data-science background actionable insights to identify root causes and deploy updates to keep plants at peak performance. Since launching in 2015, the software has uncovered upwards of $20M in savings for customers including Covestro, Gerdau and CELSA Nordic and has reduced more than 100,000 tons of carbon emissions. The company plans to use the new funding to support its white-box AI and deploy new features that drive real-time emissions reduction for steel, cement and chemical sectors. Led by CEO Berk Birand, Fero Labs aligns manufacturers on both profitability and emissions outcomes. Led by CEO Berk Birand, Fero Labs provides explainable machine learning software that automatically generates models for industrial process optimization. Plant experts use the software to create explainable ML models that account for key process parameters and variations. These models can be deployed in real time to continuously adjust operations and keep plants at peak performance. The product supports multiple industries, including consumer goods, automotive, steel and chemical sectors. Lighthouse users cited include Henkel, Volvo Trucks, Gerdau and Covestro. The company raised funding to expand its sustainable solutions.