{"id":46162,"date":"2022-10-24T14:27:09","date_gmt":"2022-10-24T12:27:09","guid":{"rendered":"https:\/\/newserver.fyb.de\/bayern-kapital-supports-internationalization-of-munevo\/"},"modified":"2022-10-24T14:27:09","modified_gmt":"2022-10-24T12:27:09","slug":"bayern-kapital-supports-internationalization-of-munevo","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/bayern-kapital-supports-internationalization-of-munevo\/","title":{"rendered":"Bayern Kapital supports internationalization of munevo"},"content":{"rendered":"

Landshut\/Munich \u2014 A globally unique smart\u00adglass solu\u00adtion that allows elec\u00adtric wheel\u00adchairs to be control\u00adled by head move\u00adment \u2014 that\u2019s the inno\u00adva\u00adtive medi\u00adcal product that Munich-based start-up munevo laun\u00adched around four years ago. Since then, the young team has enab\u00adled more and more people with severe limi\u00adta\u00adti\u00adons to their mobi\u00adlity to lead a self-deter\u00admi\u00adned, mobile life. Follo\u00adwing seed funding last year, munevo has now raised three million euros for expan\u00adsion into the USA and other inter\u00adna\u00adtio\u00adnal markets.<\/p>\n

Bayern Kapi\u00adtal, one of the most expe\u00adri\u00aden\u00adced and active key play\u00aders in the German start-up finan\u00adcing land\u00adscape, which provi\u00addes equity capi\u00adtal in parti\u00adcu\u00adlar to inno\u00adva\u00adtive high-tech compa\u00adnies with a connec\u00adtion to Bava\u00adria, parti\u00adci\u00adpa\u00adted in this round toge\u00adther with BayBG, be10x Capi\u00adtal and ROCA X<\/strong>. Part of the round with a total of over three million euros are also other exis\u00adting inves\u00adtors from the busi\u00adness angel envi\u00adron\u00adment<\/strong>.<\/p>\n

Dise\u00ada\u00adses such as para\u00adple\u00adgia, multi\u00adple scle\u00adro\u00adsis or Parkin\u00adson\u2019s dise\u00adase can sever\u00adely limit free\u00addom of move\u00adment and inde\u00adpen\u00addence. As a result of their condi\u00adtion, suffe\u00adrers are often depen\u00addent on the help of other people or on expen\u00adsive and uncom\u00adfor\u00adta\u00adble stee\u00adring systems. Thus, in the course of a univer\u00adsity course at the Chair of Busi\u00adness Infor\u00adma\u00adtics at the Tech\u00adni\u00adcal Univer\u00adsity of Munich, the idea of a Google Glass app as a mobi\u00adlity aid was born. In 2018, a clini\u00adcal trial for \u201cmunevo DRIVE\u201d was conduc\u00adted at Klini\u00adkum rechts der Isar in Munich, follo\u00adwed by appr\u00adoval as a medi\u00adcal device. Smart\u00adglas\u00adses enable propor\u00adtio\u00adnal head control of elec\u00adtric wheel\u00adchairs, and many other devices can be opera\u00adted just by moving the head. Thus, munevo DRIVE also serves as a plat\u00adform for soft\u00adware add-ons to control smart\u00adphones, robo\u00adtic arms that help people with daily acti\u00advi\u00adties, and smart home appli\u00adca\u00adti\u00adons. Demand is high and munevo, which is recei\u00adving a great deal of encou\u00adra\u00adge\u00adment from nume\u00adrous users as well as medi\u00adcal and scien\u00adti\u00adfic profes\u00adsio\u00adnals and has ente\u00adred into important coope\u00adra\u00adtive agree\u00adments, such as with the globally active wheel\u00adchair manu\u00adfac\u00adtu\u00adrer Sunrise Medi\u00adcal, is expanding.<\/p>\n

The new round of finan\u00adcing will enable munevo GmbH to meet the incre\u00adasing demand for its control system, expand its distri\u00adbu\u00adtion network in the U.S. and extend its part\u00adner\u00adships in Europe.<\/p>\n

\u201cWe are very proud that the new funding will allow munevo to grow and help many people,\u201d said Clau\u00addiu Leve\u00adrenz, CEO and co-foun\u00adder of munevo. \u201cWe are very plea\u00adsed that the venture capi\u00adta\u00adlists invol\u00adved have given us access to the funding we need to grow the company quickly.\u201d<\/p>\n

BayBG Invest\u00adment Mana\u00adger Dr. Peter Graf agrees: \u201cWe alre\u00adady inves\u00adted in munevo GmbH in 2020, at that time with mezza\u00adnine capi\u00adtal, which convin\u00adced us as a tech\u00adno\u00adlogy leader with its ground\u00adbrea\u00adking product and inno\u00adva\u00adtive deve\u00adlo\u00adp\u00adments. We are certain that with the current round of finan\u00adcing, munevo has all the prere\u00adqui\u00adsi\u00adtes to successfully take off internationally.\u201d<\/p>\n

\u201cThe mission of munevo to provide affec\u00adted people with more free\u00addom and inde\u00adpen\u00addence is impres\u00adsive. We are convin\u00adced that the dedi\u00adca\u00adted team will now incre\u00adasingly achieve this in the rest of Europe and in the USA, and we are happy to support them with all our expe\u00adri\u00adence,\u201d explains Monika Steger, Mana\u00adging Direc\u00adtor of Bayern Kapital.<\/p>\n

About munevo
\n<\/strong>
\nmunevo GmbH was the first company to deve\u00adlop a head control for elec\u00adtric wheel\u00adchairs based on smart\u00adglas\u00adses, munevo DRIVE. This special control helps people with disa\u00adbi\u00adli\u00adties to achieve inde\u00adpen\u00addent mobi\u00adlity and more self-deter\u00admi\u00adna\u00adtion. The Munich-based company was foun\u00added in 2018 and has been selling munevo DRIVE in Germany, Austria and Switz\u00ader\u00adland since Janu\u00adary 2019.Diseases such as para\u00adple\u00adgia, multi\u00adple scle\u00adro\u00adsis or amyo\u00adtro\u00adphic late\u00adral scle\u00adro\u00adsis can sever\u00adely rest\u00adrict a person\u2019s free\u00addom of move\u00adment and their asso\u00adcia\u00adted inde\u00adpen\u00addence. As a result of their condi\u00adtion, affec\u00adted indi\u00advi\u00addu\u00adals are often depen\u00addent on the assis\u00adtance of other people or on uncom\u00adfor\u00adta\u00adble stee\u00adring systems. The idea for munevo DRIVE arose in the course of a univer\u00adsity course at the Chair of Busi\u00adness Infor\u00adma\u00adtics at the Tech\u00adni\u00adcal Univer\u00adsity of Munich. munevo DRIVE is appro\u00adved as a medi\u00adcal device and CE certi\u00adfied. The young inter\u00adna\u00adtio\u00adnal team is constantly working on further deve\u00adlo\u00adp\u00adment to create an ever\u00ady\u00adday assistant. www.munevo.com<\/p>\n

About Bayern Kapital<\/strong>
\nBayern Kapi\u00adtal GmbH, based in Lands\u00adhut, is the venture\/growth capi\u00adtal company of the Free State of Bava\u00adria. It accom\u00adpa\u00adnies inno\u00adva\u00adtive high-tech compa\u00adnies in the Free State through various growth phases, from seed to later stage, with equity capi\u00adtal in the amount of 0.25 to 25 million euros. Bayern Kapi\u00adtal often fills gaps in the VC sector in proven consor\u00adtium constel\u00adla\u00adti\u00adons with private inves\u00adtors (busi\u00adness angels, family offices and corpo\u00adrate ventures).Bayern Kapi\u00adtal mana\u00adges specia\u00adli\u00adzed invest\u00adment funds with a volume of around 700 million euros. Since its foun\u00adda\u00adtion in 1995 on the initia\u00adtive of the state govern\u00adment, the wholly owned subsi\u00addiary of LfA F\u00f6rder\u00adbank Bayern has so far inves\u00adted around 400 million euros of its own equity capi\u00adtal in around 300 start-ups and scale-ups in sectors such as life scien\u00adces, soft\u00adware & IT, mate\u00adri\u00adals & new mate\u00adri\u00adals, nano\u00adtech\u00adno\u00adlogy and envi\u00adron\u00admen\u00adtal tech\u00adno\u00adlogy. As a result, more than 8,000 jobs have been perma\u00adnently crea\u00adted in Bava\u00adria in compa\u00adnies with a promi\u00adsing future. The active port\u00adfo\u00adlio curr\u00adently compri\u00adses over 80 companies.Examples of nume\u00adrous ground\u00adbrea\u00adking success stories that Bayern Kapi\u00adtal has supported at an early stage include EOS (today the worl\u00add\u2019s leading tech\u00adno\u00adlogy provi\u00adder in indus\u00adtrial 3D prin\u00adting of metals and plas\u00adtics), Proglove, Fazua, SimS\u00adcale, Scom\u00adpler, egym, Parcel\u00adlab, Cobrai\u00adner, Quan\u00adtum Systems, Casavi, Theva, Riskme\u00adthods, Tubu\u00adlis, Cata\u00adlym, Immu\u00adnic, Sirion and many more. www.bayernkapital.de<\/p>\n

About BayBG<\/strong>
\nWith its venture capi\u00adtal team, BayBG Baye\u00adri\u00adsche Betei\u00adli\u00adgungs\u00adge\u00adsell\u00adschaft mbH, Munich (BayBG), invests in Series A finan\u00adcing rounds and later in tech start-ups. Curr\u00adently, the venture capi\u00adtal port\u00adfo\u00adlio consists of over 35 tech\u00adno\u00adlogy compa\u00adnies. With an inves\u00adted volume of 340 million euros, BayBG is one of the largest invest\u00adment compa\u00adnies in Germany. In addi\u00adtion to venture capi\u00adtal for start-ups, BayBG offers medium-sized compa\u00adnies equity capi\u00adtal (equity and\/or mezza\u00adnine) across all company phases and finan\u00adcing occa\u00adsi\u00adons. BayBG thus enables the imple\u00admen\u00adta\u00adtion of inno\u00adva\u00adtion and growth projects, the opti\u00admiza\u00adtion of the capi\u00adtal struc\u00adture or the regu\u00adla\u00adtion of corpo\u00adrate succession.www.baybg-vc.de<\/p>\n

About be10x Capital<\/strong>
\nbe10x Capi\u00adtal invests in promi\u00adsing start\u00adups focu\u00adsed on B2B, Smart Mobi\u00adlity Solu\u00adti\u00adons, EV & Green-Energy, Soft\u00adware-as-a-Service (SaaS) and other high-tech products and solu\u00adti\u00adons. The foun\u00adding perso\u00adna\u00adli\u00adties them\u00adsel\u00adves and the poten\u00adtial of the under\u00adly\u00ading busi\u00adness model for scalable expo\u00adnen\u00adtial growth, sustaina\u00adbi\u00adlity and an expan\u00adda\u00adble inter\u00adna\u00adtio\u00adna\u00adlity of the startup are at the fore\u00adfront of the selec\u00adtion process. The invest\u00adment company be10x Capi\u00adtal was foun\u00added by Thomas Schmidt at the begin\u00adning of 2021 in order to actively accom\u00adpany and support the growing and, in Thomas\u2019 view, very high-performing startup land\u00adscape in Germany and Europe in these segments.www.be-exponential.com<\/p>\n

About ROCA X<\/strong>
\nA venture capi\u00adtal fund that invests in early-stage disrup\u00adtive compa\u00adnies: young entre\u00adpre\u00adneurs with revo\u00adlu\u00adtio\u00adnary ideas in tech\u00adno\u00adlogy, at the MVP or proto\u00adtype stage, with a vision to make an impact on society and a passion to turn that desire into action. ROCA X builds a solid and much-needed bridge for start\u00adups between busi\u00adness angel support, which nurtures early-stage ideas, and upper-stage VCs, which support the growth of the startup. ROCA X is part of the Impe\u00adtum Group, toge\u00adther with CITR and ROCA Investments.www.rocax.ro<\/p>\n","protected":false},"excerpt":{"rendered":"

Landshut\/Munich \u2014 A globally unique smart\u00adglass solu\u00adtion that allows elec\u00adtric wheel\u00adchairs to be control\u00adled by head move\u00adment \u2014 that\u2019s the inno\u00adva\u00adtive medi\u00adcal product that Munich-based start-up munevo laun\u00adched around four years ago. Since then, the young team has enab\u00adled more and more people with severe limi\u00adta\u00adti\u00adons to their mobi\u00adlity to lead a self-deter\u00ad\u00admi\u00ad\u00adned, mobile life. [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":46156,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-46162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors"],"yoast_head":"\nBayern Kapital supports internationalization of munevo - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/bayern-kapital-supports-internationalization-of-munevo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bayern Kapital supports internationalization of munevo - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Landshut\/Munich \u2014 A globally unique smart\u00adglass solu\u00adtion that allows elec\u00adtric wheel\u00adchairs to be control\u00adled by head move\u00adment \u2014 that\u2019s the inno\u00adva\u00adtive medi\u00adcal product that Munich-based start-up munevo laun\u00adched around four years ago. 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