Software company ubigrate again convinces investors

High-Tech Gründerfonds, sympasis innovation capital and KfW-Bankengruppe are investing jointly in the future of ubigrate.

ubigrate is growing successfully and has secured a significant amount of capital in a second round of financing. The software company, established in 2008 in Dresden, specialises in business activity monitoring (BAM) in production and logistics. Its products provide maximum transparency by precisely and automatically recording and evaluating process information in real time. This yields permanent cost reduction as well as lower energy consumption and less emissions.

New lead investor participating with capital and know-how
With Karlsruhe-based sympasis innovation capital GmbH the Company has, in a second funding round, gained an experienced lead investor specialising in technology businesses. “The high degree of standardisation of ubigrate’s products as well as their on-demand availability makes BAM affordable for small and medium-sized enterprises. Only those who know their processes can optimise them and reduce costs,” says Frank Kresse, managing partner of sympasis innovation capital GmbH. In addition, the KfW-Bankengruppe (banking group) is investing in ubigrate’s future via its ERP start-up fund.

The founders and the previous investor, High-Tech Gründerfonds, are also participating in the fresh financing.
“ubigrate will in the future be able to assume a leading position as a provider of business activity monitoring solutions, especially in production and logistics. The Company will in so doing benefit from its experience as a software specialist in integrating intelligent devices into business processes,” says Romy Schnelle, investment manager at High-Tech Gründerfonds.

Healthy growth
ubigrate will invest the additional funding in further development of its products, expansion of sales activity as well as setting up a network of distributors. An expert service department will be set up to further professionalise the quality of the consulting and support services.

“The completed funding round enables us to take the next step: We shall systematically extend our product range and steadily broaden our customer base. The aim is to become the leading provider for business activity monitoring in production and logistics in the German-speaking region,” says Dr Jürgen Anke, Managing Director of ubigrate GmbH.

New investors’ advisory board starts its work
Part of the negotiations during the second round of financing involved the formation of an investors’ advisory board, which is to strengthen coordination between the ubigrate management team and the investors. Dr Manfred Spindler, who from 1997 to 2008 was on the management board of the former Degussa AG and was part of the executive of today’s Evonik Degussa GmbH, chairs the investors’ advisory board. This new board also has the expert support of Romy Schnelle (High-Tech Gründerfonds) and Frank Kresse (business angel and investor, sympasis innovation capital GmbH).

About ubigrate GmbH
ubigrate is a specialist in business activity monitoring and a technological leader in integrating heterogeneous device landscapes in production and logistics. Its software products record process information in real time, evaluate it and provide customers with maximum transparency in logistics and production processes. The range encompasses standard products for container management and cold chain monitoring, which can also be used on demand. ubigrate develops specific solutions together with OEM partners, which round off their product portfolios. The Company is a spin-off from SAP Research Dresden. ubigrate employs a total of 15 people at its offices in Dresden, Dortmund and Karlsruhe.

Contact:
ubigrate GmbH
Sven Jänchen
Herkulesstr. 1
01277 Dresden
Tel.: +49 351 2118729
info@ubigrate.com
www.ubigrate.com

About High-Tech Gründerfonds
High-Tech Gründerfonds invests risk capital in young, high-potential technology companies that convert promising research results in business success. The seed finance provided aims to enable start-ups to take their R&D project through to the creation of a prototype, a proof of concept or to market launch. High-Tech Gründerfonds provides EUR 500,000 of the seed finance and may invest up to a total of two million euros per business in subsequent rounds. Investors in this public/private partnership are the German Federal Ministry for Business and Technology, the KfW Banking Group as well as the six industrial groups of BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss. High-Tech Gründerfonds has a fund volume of about 272 million euros.

Contact:
High-Tech Gründerfonds Management GmbH
Romy Schnelle
Investment Manager
Ludwig-Erhard-Allee 2
53175 Bonn
Tel: +49 228 823001-00
Fax: +49 228 823000-50
r.schnelle@high-tech-gruenderfonds.de
https://www.htgf.de