Medical firm Neo Medical secures $68 million, autonomous vehicle tech company DeepDrive gathers $30 million, Repath receives $3.6 million, while global ventures amass roughly $4 billion.
In the vibrant world of tech startups, Germany continues to make a significant impact, with several promising companies securing substantial investments in recent times. Here's a roundup of the latest funding news from the DACH region.
Neo Medical, a Lausanne-based company founded in 2013, specialises in developing technologies for spine surgery. The company's AI-driven augmented reality platform, Advise, has been instrumental in treating around 36,000 patients, achieving remarkable improvements in both surgical and clinical outcomes compared to traditional standards. While details about the investors backing Advise are not publicly available, Neo Medical recently secured a $68 million investment from Gyrus Capital and existing investors.
Lichtwart, a Herford-based startup launched by Johannes Mailaender and Gregor Giataganas, focuses on cloud control for lighting systems to save process costs. With a recent investment from BitStone Capital, Vireo Ventures, and angel network better ventures, Lichtwart has begun series production and is set to roll out the first international large-scale project together with an industrial partner.
iLARIZ, a Stuttgart-based startup founded in 2021 by Apostolos Papaioanu, Christian Held, and Dominik Riedl, focuses on sheet metal forming and offers a platform to digitize and optimize previously analog forming processes. The company recently received €500,000 investment from BW Seed Fonds, ES Kapital, and business angels.
DeepDrive, a Munich-based startup founded in 2021, develops electric vehicle drives with a novel motor that is more efficient, cost-effective to produce, and enables integration into the wheel through a compact, lightweight design. The company has secured €30 million investment from Leitmotif, BMW i Ventures, Continental's Corporate Venture Capital unit, UVC Partners, Bayern Kapital, and others.
Capmont Technology, a Munich-based B2B investor, has launched a new fund with 100 million euros. The firm, which initially invests between 2 and 5 million euros in companies from the IndustrialTech, Enterprise-Software, and Robotics segments, will now manage around 300 million euros in total.
Berlin-based investor Headline has launched its fourth growth fund with $865 million. While details about the companies this fund will invest in are not yet disclosed, Headline has a history of backing successful startups in the DACH region.
Repath, a Hamburg-based climate tech company founded in 2021, aims to help businesses manage climate risks by using the results of high-resolution climate model calculations and providing analyses of terabytes of data processed in their platform. The company recently received €3.6 million investment from Greencode Ventures, Lightbird, and others.
As the tech landscape in the DACH region continues to evolve, it's exciting to see these innovative startups making significant strides and securing the funding they need to bring their ideas to life. Stay tuned for more updates as these companies continue to grow and make their mark on the global tech scene.
Finance plays a crucial role in the success of tech startups in the DACH region, as evidenced by Neo Medical securing $68 million for its AI-driven augmented reality platform, Advise.
Similarly, Lichtwart, a cloud control startup for lighting systems, recently obtained investment from BitStone Capital, Vireo Ventures, better ventures, and others, enabling them to begin series production and international projects.
