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Series A: remind.me receives over 2 million euros

10. July 2019
Berlin — Berli­ner Volks­bank Ventures, IBB Betei­li­gungs­ge­sell­schaft from its VC fund Krea­tiv­wirt­schaft, ECONA AG and other busi­ness angels toge­ther invest more than 2 million euros in a Series A round in the Berlin fintech startup remind me GmbH. The seed inves­tor High-Tech Grün­der­fonds (HTGF) is also inves­ting again in this round. The company offers a remin­der and opti­miz­a­tion service for contracts & insuran­ces of all kinds. The fresh capi­tal is to be used for the further deve­lo­p­ment of the plat­form and the expan­sion of coope­ra­ti­ons.

The Berlin-based fintech startup remind.me offers its users a conve­ni­ent remin­der and opti­miz­a­tion service for contracts & insurance poli­cies. It does­n’t matter whether it’s an electri­city, gas or mobile phone contract or a car insurance policy. Under the motto “Forget your notice peri­ods. We’ll take care of it”, remind.me reminds custo­mers in good time before the expiry of the notice period and at the same time gives indi­vi­dual opti­miz­a­tion recom­men­da­ti­ons for tariff or provi­der chan­ges for ongo­ing long-term debt rela­ti­ons­hips or, in the case of electri­city and gas, even takes care of the change annu­ally, free of charge and fully auto­ma­ti­cally, with which the custo­mer thus saves permanently.

The idea came from the two foun­ders Daniel Engel­barts and Chris­tian Lang, who had previously success­fully foun­ded Sparwelt.de, a savings portal cente­red around savings offers & coupons, and sold it to RTL at the end of 2014. With remind.me, they are finally brin­ging order to the chaos of contracts and, above all, helping to opti­mize costs.

Daniel Engel­barts, co-foun­­­der of remind me GmbH: “We are happy to have found more top inves­tors in this round, who not only believe in us but with their diffe­rent conta­cts & their respec­tive reach help us to become even more success­ful and grow even faster.”

Timo Fleig (photo), Berli­ner Volks­bank Ventures: “The foun­ding team convin­ced us immedia­tely. Their mission is to save private house­holds money through the services of remind.me. We would like to actively support them in this.”

Clemens Kabel, Invest­ment Direc­tor at IBB Betei­li­gungs­ge­sell­schaft: “The two foun­ders Chris­tian and Daniel have built a strong team around them. In our view, remind.me is excel­lently posi­tio­ned to grow quickly and sustainably and to provide many people with an easy way to save money. This is also reflec­ted in the strong and lucra­tive partnerships.”

The startup has been opera­tio­nal since 2017, had recei­ved seed funding from High-Tech Grün­der­fonds in May 2018, and is now genera­ting six-figure reve­nues each month. With the funds from the Series A round, remind.me will expand its team and further deve­lop its tech­no­lo­gi­cal platform.

Simon Math, respon­si­ble invest­ment mana­ger of HTGF: “We are plea­sed that with our invest­ment and support the team has mana­ged to reach the next level and look forward to working with the new part­ners on board.”

About remind me GmbH
remind.me was foun­ded in 2017 by Daniel Engel­barts and Chris­tian Lang in Berlin. The B2C plat­form offers users the oppor­tu­nity to be remin­ded of contracts of all kinds in good time and to opti­mize them. The remind.me team curr­ently consists of 25 people and has already conclu­ded success­ful coope­ra­ti­ons (e.g. with Burda, RTL, Viess­mann & Fidor­bank). www.remind.me

About Berli­ner Volks­bank Ventures
With Berli­ner Volks­bank Ventures Unter­neh­mens­be­tei­li­gungs­ge­sell­schaft mbH, foun­ded in Septem­ber 2015, Berli­ner Volks­bank eG — one of the largest regio­nal coope­ra­tive banks in Germany — invests in inno­va­tive tech­no­logy star­tups in the finan­cial services, real estate indus­try and SME soft­ware sectors. In this way, Berli­ner Volks­bank Ventures posi­ti­ons itself as a finan­cial inves­tor in future-rele­­vant fields and promo­tes its port­fo­lio through its many years of indus­try expe­ri­ence and its strong network. www.volksbank-ventures.berlin

About IBB Beteiligungsgesellschaft
IBB Betei­li­gungs­ge­sell­schaft(www.ibb-bet.de) provi­des venture capi­tal to inno­va­tive Berlin-based compa­nies and has estab­lis­hed itself as the market leader in early stage finan­cing in Berlin. The funds are prima­rily used for the deve­lo­p­ment and market launch of inno­va­tive products or services and for busi­ness concepts in the crea­tive indus­tries. Since March 2015, two funds mana­ged by IBB Betei­li­gungs­ge­sell­schaft are in the invest­ment phase, the VC Fonds Tech­no­lo­gie Berlin II with a fund volume of EUR 60 million and the VC Fonds Krea­tiv­wirt­schaft Berlin II with a fund volume of EUR 40 million. Both VC funds are finan­ced by funds from Inves­ti­ti­ons­bank Berlin (IBB) and the Euro­pean Regio­nal Deve­lo­p­ment Fund (ERDF), mana­ged by the State of Berlin.

About High-Tech Gründerfonds
The seed inves­tor High-Tech Grün­der­fonds (HTGF) finan­ces tech­no­logy star­tups with growth poten­tial. With a total volume of EUR 895.5 million distri­bu­ted across three funds and an inter­na­tio­nal part­ner network, HTGF has already suppor­ted more than 540 star­tups since 2005. His team of expe­ri­en­ced invest­ment mana­gers and startup experts supports the young compa­nies with know-how, entre­pre­neu­rial spirit and passion. The focus is on high-tech start-ups in the soft­ware, media and Inter­net sectors, as well as hard­ware, auto­ma­tion, health­care, chemi­cals and life scien­ces. More than EUR 2 billion in capi­tal has been inves­ted in the HTGF port­fo­lio by exter­nal inves­tors in more than 1,400 follow-on finan­cing rounds to date. The fund has also success­fully sold shares in more than 100 compa­nies. Inves­tors in the public-private part­ners­hip include the German Federal Minis­try for Econo­mic Affairs and Energy, KfW Capi­tal, the Fraun­­ho­­fer-Gesel­l­­schaft and 32 commer­cial enterprises.

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