Soley adds new investors BayBG and Vito Ventures
- Successful completion of Series A financing round
- Business angels and existing investors continue their engagement as well
- Funds will be used to expand innovative Soley SaaS solution
- Focus on product portfolio optimization and complexity management
- MAN and Festo among current Soley customers
Soley GmbH, which specializes in innovative smart data analyses and complexity management, successfully completed a Series A financing round. New investors are BayBG Bayerische Beteiligungsgesellschaft and Vito Ventures. The capital increase also included the continued engagement of High-Tech Gründerfonds (HTGF) and renowned business angels. All parties involved agreed not to disclose any details of the transaction.
Soley’s software-based analysis solution allows industrial companies to master complexity at its core – in their product portfolio. Soley links relevant data on a company-wide basis and automates time-consuming work steps, thus enabling product managers to optimize and sustainably maintain their entire portfolio in the shortest time possible. This makes unnecessary product variety transparent, reduces internal variance and eliminates hidden factors that eat away at the margins. This is how Soley helps its customers to uncover hidden treasure in their complex product portfolio and reduce costs along the entire value chain, increasing profitability and competitiveness.
“We are pleased to have BayBG and Vito Ventures as two prestigious institutional and very innovation-oriented investors. The fact that our existing investors are also increasing their engagement with Soley is a strong display of their confidence. With this fresh capital, we will rapidly expand our technological lead,” explained Soley co-founder and CEO Dr. Bergen Helms. “We are investing in continuously improved usability and more performance. We will also continue to develop our SaaS solution – for ease-of-use and maximum scalability.”
Andreas Heubl, Senior Investment Manager at BayBG, said: “Soley enables industrial companies with complex product portfolios to become even more efficient. Thanks to powerful analytics technology, Soley opens the door to rapid success in the digitization race for manufacturing companies. A large number of companies, both domestically and globally, can benefit greatly from this innovative analysis solution. We are convinced that Soley can make a significant contribution to the positive development of many companies – including our own BayBG portfolio. This makes Soley a compelling investment in many ways.”
Thomas Oehl, Managing Partner at Vito Ventures: “Soley provides a unique, convincing solution for dealing with growing complexity in industrial companies. If you want to remain competitive on a global landscape, you must be able to efficiently implement a diverse selection of variants in line with market requirements. Soley offers the ideal and comprehensive SaaS solution with Smart Data technology and digitized engineering expertise, enabling technology companies to optimize their wider variety in the shortest possible time. We see Soley as an efficiency catalyst for established industrial companies. That’s why we’re investing in this future-oriented company.”
Soley solutions are already in use at numerous leading industrial companies, including Festo and MAN. Find out how Festo is able to reduce internal component diversity with Soley by up to 50% in the future at: https://go.soley.io/optimization
Meet Soley at Hannover Messe: Hannover, Germany; 23rd – 27th of April 2018; Hall 2 Booth A52
With data analytics solutions from Soley, industrial companies are mastering the complexity of their product portfolio in a completely new way. Soley links existing data from development, purchasing, warehouse, production and sales and thus maps the product portfolio with all dependencies in a graph-based model. Thanks to this networked data structure, all relevant dependencies between products, suppliers, shopping baskets and customers can be systematically analyzed. Soley digitalizes expertise and methods for data-based complexity management and delivers them as a leading SaaS smart data solution. In this way, Soley creates transparency at the push of a button in a very short time and reveals previously hidden optimization potentials. Soley was founded in 2013 from the Chair of Product Development at the Technical University of Munich.
Through its investments, BayBG is currently strengthening the capital base of 500 Bavarian medium-sized businesses. The BayBG is thus the Bavarian market leader among medium-sized enterprise-oriented investment companies. Through its commitment, the BayBG enables the companies to realize expansion and innovation plans, make corporate succession plans as well as optimize the capital structure and implement of turn-around measures.
About Vito Ventures (Early Stage Deep-Tech VC)
Vito Ventures is a European early-stage investor in B2B deep-tech technologies and business models. The focus is on AI, Robotics, Internet of Things and Industry SaaS solutions. Vito Ventures offers portfolio companies unique access to industrial assets and networks in German SMEs.
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With EUR 886 million in total investment volume across three funds (EUR 272 million in HTGF I, EUR 304 million in HTGF II, and a targeted volume of EUR 310 million for HTGF III) and an international network of partners, HTGF has already helped forge close to 500 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and start-up experts help guide the development of young companies. HTGF’s focus is on high-tech start-ups in a range of sectors, including software, media, internet, hardware, automation, health care, chemicals and life sciences.
To date, external investors have injected over EUR 1.5 billion into the HTGF portfolio via more than 1,200 follow-on financing rounds. HTGF has also successfully sold interests in almost 90 companies.
Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, and Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik and WACKER.
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