Fresh capital from the Swiss: The Swiss insurer Helvetia is investing in BlueID. The insurance company's venture capital arm — Helvetia Venture Fund — is thus participating June 2017 participated in another financing round for the Munich startup. However, no details were disclosed regarding the amount of the investment.
BlueID, formerly known as baimos technologies, offers certified products for the digital management and authorization of access and locking systems. The goal of BlueID is to simplify secure physical access control using a cloud-based solution. It enables users to open any type of offline object, regardless of the manufacturer. The solution can be used, for example, in the real estate sector.
New business models and insurance solutions
The Munich-based startup plans to use the fresh capital to further grow and drive its expansion into the investment sector. Helvetia has high hopes for the young company:
"In the active management of risks, access control to facilities and objects is of great importance. BlueID offers new possibilities here, thus enabling new business models and insurance solutions for insurance companies,"
is Martin Tschopp, Head of Corporate Development at Helvetia, is sure.
Other investors remain HCS Beteiligungsgesellschaft, Berendsen Holding, High-Tech Gründerfonds (HTGF) and Bayern Kapital.
