GlassDollar connects leading corporations to cutting-edge startups to build the world of tomorrow
May 31, 2023
GlassDollar raises €2M (led by HTGF) to match startup solutions to corporate challenges and design the world of tomorrow.
- Through data, software and operational support, GlassDollar provides a Venture Clienting OS that helps corporate innovators use startup solutions to achieve tangible impact — on their organization and the world.
- Customers include leading innovation units at Bosch Siemens home-appliances, Volkswagen, A2A, LG, MTU and Infineon.
- In March, GlassDollar closed a €2M Seed round led by HTGF.
Berlin, 31 May 2023 – Our world is rapidly changing, and with it the challenges facing large businesses. From reducing Co2 emissions to leveraging artificial intelligence to automate processes, designing a modern employee experience to attract talent, or wowing customers through superior support, corporations are asked to innovate in their products, their services and their processes in order to stay relevant.
Founded in Berlin in 2019, GlassDollar helps corporations become innovation leaders while staying focused on their core competencies. Instead of building a solution to every need from scratch, customers plug startup solutions into their infrastructure. For a fraction of the would-be in-house cost and time, they leverage hundreds of billions in VC funding and startup R&D to generate impact for their organization and the planet.
Supporting corporations’ transition towards sustainability, digitisation, new work and beyond is a massive lever to change the world, and we’ve decided to seize it.
Fabian Dudek, CEO of GlassDollar
GlassDollar exists to support corporations who are truly committed to innovation, and the entrepreneurs who are building solutions to the challenges of tomorrow
GlassDollar counts customers like BSH, Volkswagen, Infineon, LG, MunichRe, A2A and NEW, who rely on GlassDollar’s tooling and expertise to implement impactful change with selected startup solutions. Since 2019, their innovation units, supported by GlassDollar, have created an estimated:
- 750 matches on topics such as Manufacturing 4.0, Sustainable Logistics, Improved Employee Experience, Omni-Channel data, Digitalisation and many more
- 80M tons in Co2 reduction, by implementing solutions like Bio-Packaging or Optimised Logistics
- €600M in bottom-line impact for corporations
- €200M in startup revenue
In doing so, GlassDollar has already earned millions in revenue and has just raised a €2M round from HTGF, APX, Stefan Gross-Selbeck, Sigmar Gabriel, Gregor Stühler, Christian Lindener, Gleb Tritus, Miriam Wohlfarth, Alexander Tschirnhaus, Sascha Menges, Philipp Willigmann, Ole Tillmann, Michael Jäger, Kerim Galal, David Majert, Sascha Weiler.
This handpicked selection of investors comes to join early believers like Peter Borchers (founder hub:raum), Brigitte Zypries, Dietmar Harhoff (Max Planck Innovation), Matthias Notz & Claus Karthe (founder German Accelerator), Ulrich Huehner (ex CIO EnBW).
Through data, software and operational support, GlassDollar provides a Venture Clienting OS that helps corporate innovators use startup solutions to achieve tangible impact — on their organization and the world. GD, founded in 2019 by Fabian Dudek, makes impactful technology accessible to corporations and generates revenue for startups. Customers include leading innovation units at BSH, Volkswagen, A2A, LG, MTU and Infineon. GlassDollar is backed by HTGF and a select group of value-adding angels, including Sigmar Gabriel, Brigitte Zypries, Peter Borchers, and Stefan Gross-Selbeck.
About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances tech start-ups with growth potential and has supported more than 700 start-ups since 2005. With the launch of its fourth fund, HTGF now has about 1.4 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have injected more than 4.5 billion euros of capital into the HTGF portfolio via more than 2,000 follow-on financing rounds. In addition, HTGF has already successfully sold shares in more than 160 companies.
Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries.
High-Tech Gründerfonds Management GmbH
Stefanie Grüter, Partner Communications & Relations
T.: +49 228 – 82300 – 188
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