Dort\u00admund \u2014 Dort\u00admund-based start-up sovity has secu\u00adred seven-figure seed funding to increase the effi\u00adci\u00adency and inno\u00adva\u00adtive capa\u00adcity of compa\u00adnies through quick and easy access to data spaces. With the High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF), one of Euro\u00adpe\u2019s leading seed inves\u00adtors, and the Fraun\u00adho\u00adfer Tech\u00adno\u00adlo\u00adgie-Trans\u00adfer Fonds (FTTF), which has supported sovity since its begin\u00adnings, two important compa\u00adn\u00adions are on board. The new capi\u00adtal will be used for the further deve\u00adlo\u00adp\u00adment of the product and the expan\u00adsion of the market presence.<\/p>\n
\u201cWe are very plea\u00adsed that we were able to attract another well-known inves\u00adtor in addi\u00adtion to FTTF: HTGF also shares our vision of the market and the mission of our product around Data Space tech\u00adno\u00adlogy.\u201d, Sebas\u00adtian Kleff, CEO and Co-Foun\u00adder of sovity<\/p>\n
\u201cThe market for Data Spaces is growing: compa\u00adnies are now actively looking for solu\u00adti\u00adons that enable them to share data with part\u00adners as easily as possi\u00adble and without major tech\u00adni\u00adcal hurd\u00adles,\u201d Dr. Sebas\u00adtian Opriel, CTO and Co-Foun\u00adder of sovity.<\/p>\n
In Data Spaces, compa\u00adnies can exch\u00adange and use data to measure the carbon foot\u00adprint of products, for exam\u00adple, or to gain trans\u00adpa\u00adrency about supplier requi\u00adre\u00adments and capa\u00adci\u00adties. Data Spaces imple\u00adment prin\u00adci\u00adples of data sove\u00adreig\u00adnty \u2014 compa\u00adnies retain full control over their data at all times. With sovi\u00adty\u2019s soft\u00adware \u2014 theCon\u00adnec\u00adtor-as-a-Service \u2014 compa\u00adnies are offe\u00adred the right solu\u00adtion for this. This allows compa\u00adnies to be connec\u00adted to a Date Spaces within ten minu\u00adtes. Inde\u00adpen\u00addent imple\u00admen\u00adta\u00adtion would take appro\u00adxi\u00adm\u00adately six to eight months.<\/p>\n
Since its foun\u00adding in 2021, sovity has built a strong team of tech and busi\u00adness experts and curr\u00adently employs more than ten people. The team will use the funding to focus on further deve\u00adlo\u00adp\u00adment of the product. In addi\u00adtion, the sales and marke\u00adting depart\u00adment is to be streng\u00adthe\u00adned in order to expand the market presence and acquire new custo\u00admers. On its website, sovity offers inte\u00adres\u00adted compa\u00adnies access to a trial version of its software.<\/p>\n
\u201cSovity is very clear in their vision to make Data Spaces acces\u00adsi\u00adble to all busi\u00adnesses. We see tech\u00adno\u00adlogy as a rele\u00advant lever to enable compa\u00adnies to exch\u00adange data with each other in order to opti\u00admize proces\u00adses and improve products and services,\u201d Johan\u00adnes Dier\u00adkes, Invest\u00adment Mana\u00adger at HTGF<\/strong>.<\/p>\n \u201cSovity enables the exch\u00adange of data while provi\u00adding full data control to data holders. Since its incep\u00adtion, the team has made excel\u00adlent tech\u00adni\u00adcal progress and won important custo\u00admers as well as renow\u00adned part\u00adners,\u201d said Tobias Schwind, Mana\u00adging Part\u00adner at FTTF<\/strong>.<\/p>\n Last but not least, exis\u00adting part\u00adner\u00adships with Data Spaces initia\u00adti\u00adves, such as Catena\u2011X, Mobi\u00adlity Data Space and Gaia\u2011X, as well as with the Inter\u00adna\u00adtio\u00adnal Data Spaces Asso\u00adcia\u00adtion (IDSA), are to be further expan\u00added. In addi\u00adtion to these initia\u00adti\u00adves, sovity is alre\u00adady working with a large number of indus\u00adtrial compa\u00adnies on pilot or tech\u00adno\u00adlogy projects.<\/p>\n About sovity About FTTF \u2014 Fraun\u00adho\u00adfer Tech\u00adno\u00adlogy Trans\u00adfer Fund (FTTF) GmbH About High-Tech Gr\u00fcnderfonds Dort\u00admund \u2014 Dort\u00ad\u00admund-based start-up sovity has secu\u00adred seven-figure seed funding to increase the effi\u00adci\u00adency and inno\u00adva\u00adtive capa\u00adcity of compa\u00adnies through quick and easy access to data spaces. With the High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF), one of Euro\u00adpe\u2019s leading seed inves\u00adtors, and the Fraun\u00adho\u00adfer Tech\u00ad\u00adno\u00ad\u00adlo\u00ad\u00adgie-Tran\u00ads\u00ad\u00adfer Fonds (FTTF), which has supported sovity since its begin\u00adnings, two important compa\u00adn\u00adions are [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":47910,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1373],"tags":[],"class_list":["post-47912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-venture-capital-en","news-category-venture-capital-news"],"yoast_head":"\n
\n<\/strong>
\nFoun\u00added in Octo\u00adber 2021 as a spin-off of the Fraun\u00adho\u00adfer Insti\u00adtute for Soft\u00adware and Systems Engi\u00adnee\u00adring ISST in Dort\u00admund, sovity offers data sove\u00adreig\u00adnty as a service. The start-up provi\u00addes compa\u00adnies with the tech\u00adno\u00adlogy for Data Spaces based on stan\u00addards, inclu\u00adding Inter\u00adna\u00adtio\u00adnal Data Spaces (IDS), Gaia\u2011X or Eclipse Foun\u00adda\u00adtion. Thus, sovity provi\u00addes compa\u00adnies with the easiest and fastest access to Data Spaces. Compa\u00adnies exch\u00adange a wide range of infor\u00adma\u00adtion via Data Spaces in order to opti\u00admize proces\u00adses or products and to deve\u00adlop new busi\u00adness models. The mana\u00adging direc\u00adtors of sovity, Sebas\u00adtian Kleff (Co-Foun\u00adder, CEO) and Dr. Sebas\u00adtian Opriel (Co-Foun\u00adder, CTO), have seve\u00adral years of exper\u00adtise in the field of data exch\u00adange as well as corre\u00adspon\u00adding use cases, e.g. from Fraun\u00adho\u00adfer rese\u00adarch and IDS, as well as seve\u00adral years of expe\u00adri\u00adence in manage\u00adment consul\u00adting at BCG Platinion.<\/p>\n
\n<\/strong>
\nThe FTTF finan\u00adces start-ups that use Fraun\u00adho\u00adfer tech\u00adno\u00adlogy. As a strong entre\u00adpre\u00adneu\u00adrial part\u00adner, up to 250 TEUR will be inves\u00adted in the pre-seed phase and up to 5 MEUR in further finan\u00adcing rounds. In addi\u00adtion, the fund provi\u00addes support with exten\u00adsive start-up expe\u00adri\u00adence and a broad inves\u00adtor network. The fund has a volume of 60 MEUR, alre\u00adady more than 30 port\u00adfo\u00adlio compa\u00adnies and is mainly finan\u00adced by the Fraun\u00adho\u00adfer-Gesell\u00adschaft and the Euro\u00adpean Invest\u00adment Fund (EIF). www.fttf.eu<\/p>\n
\n<\/strong>
\nThe seed inves\u00adtor High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) finan\u00adces tech\u00adno\u00adlogy start-ups with growth poten\u00adtial and has supported more than 690 start-ups since 2005. With the launch of the fourth fund, HTGF has over 1.3 billion euros under manage\u00adment. The team of expe\u00adri\u00aden\u00adced invest\u00adment mana\u00adgers and start-up experts supports the young compa\u00adnies with know-how, entre\u00adpre\u00adneu\u00adrial spirit and passion. The focus is on high-tech start-ups in the fields of digi\u00adtal tech, indus\u00adtrial tech, life scien\u00adces, chemis\u00adtry and rela\u00adted busi\u00adness areas. More than \u20ac4.5 billion in capi\u00adtal has been inves\u00adted in the HTGF port\u00adfo\u00adlio by exter\u00adnal inves\u00adtors in 2,000 follow-on finan\u00adcing rounds to date. In addi\u00adtion, the fund has alre\u00adady successfully sold shares in more than 160 compa\u00adnies. Fund inves\u00adtors in the public-private part\u00adner\u00adship include the German Fede\u00adral Minis\u00adtry for Econo\u00admic Affairs and Climate Protec\u00adtion, KfW Capi\u00adtal, the Fraun\u00adho\u00adfer-Gesell\u00adschaft, and more than 40 compa\u00adnies from a wide range of industries.<\/p>\n","protected":false},"excerpt":{"rendered":"