Financier Cusp Capital Infuses €160 Million into Solarisbank; Cusp Capital Also Invests in SimplyDelivery, while HedosophiaPours Funds into Kaia Health
In the dynamic world of technology, investments continue to shape the future of businesses. Here are some recent developments that have caught our attention.
Family-owned company GFM has made a significant move by acquiring a 49% stake in Cevotec, a trailblazing company specialising in Fiber Patch Placement for carbon fiber components production. Founded in 2015 by Felix Michl, Thorsten Gröne, Neven Majic, and Klaus Drechsler, Cevotec has previously been backed by investors such as Fuji Industries, Bayern Kapital, and the High-Tech Gründerfonds (HTGF). The acquisition is part of Cevotec's growth strategy, aiming to solidify its position in the market.
Meanwhile, mymoria, a digital funeral home based in Berlin, has expanded its reach by acquiring Bestattungen D. Schulz and Bestatter Erbacher in the Pforzheim area. Although details about employment numbers or user base were not mentioned, this move is a strategic step towards mymoria's ambition to become the market leader beyond online services.
Elsewhere, Kaia Health, a health startup that develops digital therapies for chronic diseases, has secured a significant investment of 65 million euros from a leading growth fund. With more than 500,000 users already using their digital therapy programs, Kaia Health continues to make strides in the healthcare industry. Previous investors in Kaia Health include the unnamed investor reportedly being Hedosophia, an investor known for backing companies like N26, Raisin, Bitpanda, Scalable Capital, sennder, Billie, and flaschenpost.de.
Another notable investment was made in Solarisbank, a Banking as a Service FinTech. With a new investment of 160 million euros, Solarisbank's post-money valuation now stands at 1.36 billion euros. Despite the specific investor names not being detailed, Solarisbank is a well-known European fintech platform, likely backed by venture capital and fintech-focused investors typically involved in digital banking startups.
Lastly, SimplyDelivery, a management system for delivery services and restaurants, has grown its workforce to 80 employees. Regarding investments and valuation, further research is needed to provide accurate details.
These investments underscore the vibrant tech industry in the DACH region, with companies like Cevotec, mymoria, Kaia Health, Solarisbank, and SimplyDelivery playing pivotal roles in shaping the future.
Finance plays a crucial role in the growth strategies of companies like Cevotec, as they secure a significant investment to boost their market position. Similarly, Kaia Health, a health startup focusing on chronic diseases, managed to secure a substantial 65 million euros investment for the development of its digital therapies.
