Participated · Series A · Sep 2023

Circula is a Berlin SaaS company, founded in 2018, that offers an AI-powered expense management platform to simplify expense processes for employees while improving accounting efficiency and compliance. Its product automates travel expenses, per diems, credit card transactions and employee benefits. The platform is used by more than 150,000 employees at European companies such as About You, DATEV and Securitas. Led by CEO Nikolai Skatchkov, Circula positions itself to increase operational efficiency for finance teams through automation. The company intends to use new capital to expand operations and consolidate its market position. Circula recently raised funding, reflecting ongoing investment in its growth and product evolution. Circula provides an intuitive, all-in-one B2B SaaS platform that combines travel and expense management, corporate credit cards, and employee benefits. The software is developed according to European tax standards and supports individualized, tax-compliant expense and travel reporting. The company initially launched in Spain last year and has expanded its product set to include a fully digital expense solution and company credit cards. Circula plans broader global expansion and will use the new funding to support entry into the Netherlands. The company was founded in 2017 by Nikolai Skatchkov and Roman Leicht and is based in Berlin. In September 2023 Circula closed a €12.0M Series A round. Circula provides a consolidated employee finance app for mid-sized and large companies that digitizes expense processing, corporate credit cards with real credit lines, cashback and real-time statements, and tax-compliant employee benefits. The platform targets meals, mobility and home office spend and emphasizes simplicity, automation and improved employee experience. Circula serves around 1,000 corporate customers, including DFL Deutsche Fußball Liga, Sportscheck, McMakler, Lilium and Ebner Stolz. The company tripled its revenue over the last twelve months and processed nearly half a million expenses in 2021 alone. Seventy percent of its customer base are professional services and established businesses, and Circula is positioning to capture SMBs and mid-sized non-tech companies across Europe. With the new funding it plans to further develop the product, scale hiring and expand into new European markets.

Participated · Series A · Jan 2020

Capmo GmbH provides a cloud-based construction project management platform aimed at SMEs in the construction and real estate industries. Its software digitizes processes across all construction phases and centralizes coordination among involved parties. The company plans to expand its holistic platform's use cases across the whole construction process and to broaden its product line. Capmo intends to enter new European markets as part of its growth strategy. It also announced a headcount expansion target to reach 200 employees by the end of the year. The company is headquartered in Munich and markets itself as a digital construction software provider. Founded in 2018 and based in Munich, Capmo offers a cloud-based SaaS tool designed to act as an intuitive operating system for construction sites. The product targets the shortcomings of legacy desktop construction software by providing an all-in-one, mobile-accessible solution for site managers. The company says it grew ten times its size last year and counts customers and projects such as Düsseldorf Airport, Frankfurt Grand Tower, the Deutsches Museum in Munich, and contractor Max Bögl. Capmo aims to continue developing its software into a comprehensive operating system for construction sites across Europe. The startup plans to expand outside Germany and to grow its product and team to capture broader European market share. Its current financial position includes a newly completed Series A to fund these next steps.

Participated · Series A · Feb 2017

Bonify is a Berlin-based app that evaluates consumers' real-time creditworthiness and delivers personalized personal-finance recommendations. Led by CEO and co-founder Gamal Moukabary, the app uses smart nudges to help users save money by switching loans, energy providers and other services. The company announced an upgrade to the analytics engine that powers its service, intended to further optimize its personalized recommendations. Bonify's user base has tripled since its €5.5m Series A in February 2017 and it has provided over 600,000 credit reports. The company raised a new, undisclosed funding round led by Santander InnoVentures, with participation from existing investors Mosaic Ventures, Ribbit Capital, DN Capital and a number of angel investors from the German and international fintech scene. The articles do not disclose the amount or the financing instrument for this round. Bonify, founded in 2015 by CEO Gamal Moukabary, operates a personal credit score platform based in Berlin, Germany. The platform allows users to monitor their personal credit score, upload additional relevant data, and view and manage their finances. It offers tools and personalized recommendations to help users optimize their financial situation. The company raised €5.5m in a Series A funding round to support growth. Bonify intends to use the funds to continue hiring and to expand operations. No revenue or user metrics were disclosed in the article.

Participated · Equity · Jul 2016

Finanzchef24 operates an online portal that allows small and medium enterprises and business owners to compare for free and purchase insurance coverage online. The platform generates offers tailored to some 900 distinct professions and businesses, covering business liability, professional indemnity, property and commercial legal insurance. Customers can also access phone-based expert advice from in-house risk consultants for specialized covers such as cyber, directors & officers, machine and transport insurance. The company serves as a distribution channel for 44 insurers, including Allianz, ARAG, AXA, Ergo, HDI, Hiscox, R+V and VHV. Co-founded by Hendrik Rennert and Felix Schollmeier, Finanzchef24 plans to use new funding to further develop its product portfolio. The business is based in Munich, Germany. Finanzchef24, founded in 2012 and led by Ralf Müller, Hendrik Rennert and Felix Schollmeier, operates an independent small-business insurance comparison portal and a broker-facing platform. The www.finanzchef24.de portal offers a free service for comparing insurance options and lets small businesses and self-employed operators sign up online for policies tailored to their needs. The service covers around 740 business types and sources products from 17 leading German insurance providers. Finanzchef PRO (www.finanzchefpro.de) enables insurance brokers to run online comparisons of small-business liability and contents insurance offerings. The company raised €4m in funding and intends to use the proceeds to expand marketing and invest in its Finanzchef PRO broker service. Finanzchef24 is based in Munich. Finanzchef24 operates an online marketplace for banking and insurance products, with a focus on commercial insurance and business bank accounts for companies and the self-employed. The company was co-founded in 2012 by managing directors Hendrik Rennert and Felix Schollmeier. It is based in Munich, Germany. Finanzchef24 has raised €2m in funding from Target Partners. The company intends to use the funding to expand its range of products in the coming months. The business is actively hiring as it pursues this expansion.

Participated · Equity · Feb 2016

SuitePad provides digital guest communication systems through purpose-built in-room tablets called SuitePads that centralize communication between hoteliers and guests. The devices present hotel information, services, and local-area details, and act as booking tools for hotel restaurants, shops, and spas. Each SuitePad integrates with an in-room telephone and TV remote, and the company also offers a bring-your-own-device (BYOD) solution. SuitePad serves 1,000 hotels across 30 countries, covering over 60,000 hotel rooms worldwide, and has a team of more than 60 employees. The company plans to use the newly raised seven-digit funding round to further expand into European, Asian, and US markets. Founded in 2012 and based in Berlin, SuitePad offers a tablet-based solution that gives hotel guests a digital connection during their stay. The tablets unite the guest directory, newspapers, restaurant menus and other in-room paper items and integrate with hotel property management systems and SuitePad’s cross-property SaaS platform. Guests can use SuitePad to touch-to-order room service, book spa offers and local events, while hotels can message guests, promote offers and gather feedback in real time. The solution is already deployed in more than 200 hotels across Europe. The company will use the new capital to expand its international sales team and introduce features to enhance guest-hotel interaction, add entertainment options and optimize hotel workflows.