November 25, 2014
riskmethods / Munich, dated November 25, 2014 – riskmethods has successfully raised a new financing round. The technological market leader for risk analysis of worldwide supply chains is to receive 2 million USD growth capital. The company will use these resources to extend its existing portfolio, increase personnel in the sales and software development areas, and further strengthen internationalization efforts. The lead investor in this financing round is Senovo. Existing investors, including Bayern Kapital and Point Nine Capital have also made financial contributions again and support future growth.
riskmethods offers professional supply chain risk management (SCRM) for monitoring and analyzing risks along the global supply chain with its SaaS solution “Supply Risk Network”. “The need for companies to secure their supply chains against all kinds of risks, and in so doing protect themselves against decreases in sales, production downtimes, supply bottlenecks or, worse still, damage to their image is enormous,” says Rolf Zimmer, Managing Director and Co-founder of riskmethods. As a result of the increased value-add shift to global supply networks and the drop in transparency within supply chains, companies of all sizes and from all sectors in Germany, Switzerland and the USA are now relying on the riskmethods solution. “Supply chain risk management is in step with the times. We are expanding our solution, strengthening our team and investing in internationalization so that we can continue to provide the best possible support for our customers and interested parties. Besides our European core market, we are focusing particularly on the USA in terms of further activities.”
The lead investor for the current Pre-Series A Financing is Senovo. In addition to the Munich-based venture capital firm, existing financial providers such as Point Nine and Bayern Kapital have also decided to once again contribute. “riskmethods has succeeded in establishing an international customer base, an efficient team and a distinguished partner network. We are delighted to continue to support riskmethods and to provide advice throughout its successful growth path,” says Pawel Chudzinski, Co-founder & Managing Partner at Point Nine. “We see excellent potential in the US market in particular, to grow the existing customer base even further.” Business angels also provided seed funding to boost the capital: “As a business angel from the very start and a trusted advisor to the founders, I am very pleased about the successful development at riskmethods, and would like to underscore my long-term commitment with this follow-up investment,” adds Alexander Bruehl, business angel at riskmethods.
riskmethods sets itself apart from others through its SaaS solution, which was developed in Germany, and which boasts an integrated approach, intuitive usability and pre-installed content, as well as the advantage of easy commissioning of the cloud-based software within only one day. That was also a convincing factor for Senovo. “We concentrate on providing support for young companies with high innovation potential and disruptive solutions,” says Dr. Alexander Buchberger, Managing Director of Senovo. “riskmethods fits perfectly into our portfolio, and this is borne out by its previous performance, the international customer references, the convincing product and, last but not least, the skilled team with exceptional management and domain expertise.” Within the framework of the successfully concluded financing round, riskmethods has gained a capital inflow of 2 million USD.
“We are delighted about the trust placed in us by our investors. This is a strong message, and provides confidence for our employees, customers and interested parties,” says Zimmer. “We are still a long way off exploiting all potential opportunities, and are working on developing new methods every day in order to further penetrate the supply chain risk management market with additional solutions and ideas.”
Senovo is an independent venture capital firm based in Munich. Its investment focus is on B2B business models in the DACH region. The firm concentrates on early-growth financing of companies that already generate sales and are active in the areas of software, online, cleantech, medtech and technical services. As a strong partner with an extensive network, Senova supports the companies it invests in when it comes to successful marketing of new products and services in innovative markets.
About Point Nine Capital
Point Nine Capital is a venture capital company based in Berlin, with a focus on early investments for Internet startups in the areas of Software as a Service (SaaS), eCommerce, marketplaces and networks. The fund and its managers, Pawel Chudzinski and Christoph Janz, have supported numerous successful Internet companies, such as Delivery Hero, Clio, Shiftplanning, Vend, Westwing and Zendesk right from the start. At the beginning of 2013, Point Nine established a new 40 million Euro fund, Point Nine Capital Fund II. www.pointninecap.com
About Bayern Kapital
Bayern Kapital was established in 1995 on the initiative of the Government of the State of Bavaria as part of a campaign on the future of Bavaria (“Offensive Zukunft Bayern”), primarily for investing venture capital in young, innovative companies. To date, Bayern Kapital has invested around 195 million Euro in more than 225 innovative high-tech companies. Bayern Kapital is available as a regional point of contact, and currently manages a total fund volume of approximately 200 million Euro.
riskmethods provides companies with a comprehensive supply chain risk management solution for proactive monitoring and assessment of risks in the supply chain. An early warning system for potential risk ensures that proactive steps can be taken to avoid supply interruption, enforce compliance and protect the corporate image. The SaaS solution "Social Supply Risk Network", which was developed in Germany, combines state-of-the-art technology with cutting-edge provision of risk intelligence, to establish a leading standard in supply chain risk management. www.riskmethods.net