Wessel Management
Leopoldstraße 9, München, Bayern, 80802, Germany
Overview
Wessel Management GmbH is the vehicle for venture capital and other investments made by the family of Rolf Christof Dienst. For 40 years, they have been investing directly (and through Rolf, founding partner of Wellington Partners, also indirectly) with entrepreneurs, who show the greatest potential to achieve success for interesting ideas and/or technologies. They particularly like to engage with companies, which contribute to the wellbeing and prosperity of society in general. We mostly invest in conjunction with a small group of co-investors – all experienced entrepreneurs themselves with specific industry knowledge and wide-ranging personal networks. Together with these partners, they support our portfolio companies actively. They often engage at an early stage and their own investments typically range from 1% to 25% of a portfolio company’s share capital. While they love accompanying entrepreneurs on their journey to commercial success, human interactions and ethical aspects equally define their partnerships.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Crowdfunding
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- bezahl.de
Participated · Equity · Mar 2023
NX Technologies operates bezahl.de, a payment management platform that lets dealerships and automotive providers manage the entire receivables process, shorten order-to-cash timelines, and reduce accounting and back-office resources. The platform offers a modern payment experience with numerous payment methods and embedded financing options for customers of dealerships and other automotive providers. More than 70% of the top 100 automotive retail groups and over 1,000 car dealerships in Germany use bezahl.de. The company was founded in 2018 by Lasse Diener and Ulrich Schmidt and now has a team of more than 130 employees. NX plans to use new funding to strengthen its market position in Germany, expand into new European markets, and continue growing and optimizing the bezahl.de platform. bezahl.de is a Cologne-based fintech founded in 2018 by Lasse Diener and Ulrich Schmidt that focuses on receivables and payment management. The company offers Forderungs- und Zahlungsmanagement services and is pursuing integration of additional embedded finance solutions. The fresh capital is intended to fund integration of further embedded finance offerings and expansion into additional regions. Over 100 employees currently work for bezahl.de. The business previously received a €5 million investment from Embedded Capital and Marco Schnabl.
- Mustard
Participated · Seed · Jan 2022
Mustard provides a patent-pending AI and computer vision system that analyzes regular mobile phone video to evaluate athletes' mechanics and connect coaching to what is actually happening with an athlete's body. Feedback is delivered in real time via a report card that generates a customized performance plan and actionable steps for improvement. The machine-learning algorithm leverages data captured by co-founder Dr. Tom House across his 40 years working with athletes, and the company pairs that with mental performance training from co-founder Jason Goldsmith through live and recorded content. Mustard intends to expand its connected-coaching platform across numerous major skill sports, including golf, soccer, and football, and to produce more live and recorded instructional content. The company plans to hire additional team members with tech experience to support product development and scaling. Financially, Mustard has raised $3.75M in the seed round, bringing total funding to $6M. Mustard offers a mobile app that analyzes player motion via a smartphone camera and proprietary AI algorithms to approximate human athletic coaching. The product is launching a limited free public beta focused solely on baseball and employs engineers from Major League Baseball Advanced Media for the baseball features. The company says the app will be free at first and plans to add low-cost premium subscription features while maintaining a free tier. Mustard was co-founded by Tom House, noted for his work on modern pitching mechanics, and markets itself as making elite personalized coaching more accessible. Nolan Ryan and Drew Brees are among the named athletic investors, with Ryan serving as one of the company’s public faces. The company announced a $1.7 million raise to improve the tool and expand the product.
- MessengerPeople
Participated · Series A · Aug 2017
WhatsBroadcast provides messenger marketing and enterprise messenger services, offering the infrastructure and tools for WhatsApp, Facebook Messenger, Telegram and Insta. Its core competency is messenger marketing and interactive chatbots that enable automated 1:1 communication for customer support, shopping, information requests, and entertainment. The company delivers its product via a Software as a Service license model with a browser interface to control messenger marketing, customer support and interactive chatbots. Started in spring 2015 and based in Munich, it supports over 800 companies and employs about 30 people, serving many German-speaking clients and a growing number of international customers. Its solutions are designed to operate efficiently and in compliance with privacy regulations. The company intends to use the funds to grow its international business, especially around chatbots.
Team
No current team members are available.