Soley GmbH, a company specializing in innovative smart data analytics and complexity management, has announced the successful completion of a Series A financing round. New investors include BayBG Bayerische Beteiligungsgesellschaft and Vito Ventures. Hightech Gründerfonds (HTGF), which is already involved in the Munich-based startup, and renowned business angels also participated in the capital increase. The parties have agreed to keep all details of the transaction confidential.
With the software-based analysis solution from Soley Industrial companies master complexity where it arises – in the product portfolio. Relevant data is linked company-wide and time-consuming work steps are automated. This allows product managers to optimize the entire portfolio in the shortest possible time and maintain it sustainably. This makes unnecessary product diversity visible, reduces internal costs, and eliminates hidden margin drains.
“Rapidly expand technological lead”
In this way, the company from the Bavarian capital helps its customers uncover hidden gems in their complex product portfolios and reduce costs along the entire value chain. This increases profitability and competitiveness.
"We are delighted to have gained two renowned institutional and highly innovation-oriented investors, BayBG and Vito Ventures. The fact that our existing investors are also increasing their commitment (...) is a great vote of confidence. With this fresh capital, we will rapidly expand our technological lead,"
explained Soley co-founder and Managing Director Dr. Bergen Helms.
“We invest in continuously improved usability, more performance and further develop our SaaS solution – for ease of use and maximum scalability.”
BayBG also wants to take a closer look at its portfolio
Andreas Heubl, Senior Investment Manager at BayBG, says:
"Soley enables industrial companies with complex product portfolios to position themselves even more efficiently. Thanks to powerful analytics technology, Soley opens the door to rapid success for manufacturing companies in the race to digitalization. The domestic and global markets include a multitude of companies that can greatly benefit from this innovative analytics solution. We are convinced that Soley can make a significant contribution to the positive development of many companies – even those in our BayBG portfolio."
“Efficiency catalyst for established industrial companies”
Thomas Oehl, Managing Partner at Vito Ventures, on the investment:
"Soley delivers a unique, compelling solution for dealing with growing complexity in industrial companies. Anyone who wants to remain competitive internationally in the future must be able to efficiently implement market-driven Variantenvielfalt (multiplicity). Soley offers the right SaaS solution for this, combining smart data technology and digitized engineering expertise. This enables technology companies to optimize their Variantenvielfalt (multiplicity) in the shortest possible time. We see Soley as an efficiency catalyst for established industrial companies. That's why we are investing in this future-oriented company."
The Munich-based company's solutions are already in use at numerous renowned industrial companies, including Festo and MAN.
