The Digital Growth Fund and the Bavarian Growth Fund invest in Riskmethods. The old investors Senovo Capital and EQT Ventures are also back on board. A total of €13.5 million is reported. Riskmethods specializes in analyzing supply chain risks to protect companies from revenue losses.
The Digital Growth Fund, which acts as lead investor, was founded just a year and a half ago by venture capital firm Digital+ Partners. In February of this year, a fundraising round of more than €130 million was completed. Investors include Deutsche Börse and Zeiss. The fund primarily focuses on growth-stage companies that offer software for business customers and already have revenues exceeding €5 million.
Minimize risks
A strategy from which Munich-based Riskmethods has now benefited. The risk management specialists offer a SaaS solution that enables customers to identify, assess, and manage a global supply chain, thus preventing revenue losses, production downtime, and reputational damage.
Most recently, Riskmethods raised six million euros in February 2016The startup from the Bavarian capital wanted to use the capital to drive expansion in Europe and finance a subsidiary in the USA. According to the founder, this is doing very well. Rolf Zimmer:
“A double-digit percentage of our sales now comes from the USA.”
And what will the new capital be used for? The main aim is to invest the money "massively" in the new product, as startup scene reported, and develop new features.
