With just under six million US dollars, riskmethods, a technological market leader for risk identification and assessment of global supply chains, successfully completed its Series A financing round. In addition to Bavaria Capital The Munich-based company has convinced its existing investors Senovo and Point Nine and gained EQT Ventures as a new investor.
Bayern Kapital, Senovo, and Point Nine are investing fresh capital; EQT Ventures is providing significant funding to support further product innovations, the expansion of the company's European presence, and the establishment of a subsidiary in the United States.
Promising prospects for riskmethods
Companies' strong interest in securing their supply chains and thus protecting themselves from revenue losses, production downtimes, and reputational damage is steadily increasing with the increasing interconnectedness of their suppliers and production sites. Since 2013, riskmethods has been offering a holistic supply chain risk management solution with its SaaS solution, which enables risks along the global supply chain to be identified, assessed, and managed just in time.
"Technologically, riskmethods is already a leader with its productsThe newly acquired fresh capital will help the company successfully leverage its sales power. The fact that riskmethods was able to attract a highly capable investor, EQT Ventures, for this financing round underscores its promising prospects."
explains Dr. Georg Ried, Managing Director of Bayern Kapital.
“Due to increasing globalization, shifts to new markets, national and international regulatory requirements, and political unrest, the risks along our global supply chains are increasing and are continually subject to change.”, explains Rolf Zimmer, Managing Director and co-founder of riskmethods. “Successful supply chain risk management is a competitive advantage and therefore offers enormous growth potential.”
About riskmethods
riskmethods offers companies a comprehensive supply chain risk management solution for proactively monitoring and assessing supply chain risks. Potential threats are identified early, allowing proactive action to maintain delivery capability, ensure compliance, and protect the company's reputation. The SaaS solution "Supply Risk Network," developed in Germany, combines state-of-the-art technology with innovative risk intelligence to create a leading standard in supply chain risk management.
About Bayern Kapital
Bayern Kapital GmbH, based in Landshut, was founded in 1995 on the initiative of the Bavarian state government as a wholly-owned subsidiary of LfA Förderbank Bayern. As the venture capital company of the Free State of Bavaria, Bayern Kapital provides equity capital to the founders of innovative high-tech companies and young, innovative technology companies in Bavaria. Bayern Kapital currently manages eleven investment funds with a total investment volume of approximately €340 million. To date, Bayern Kapital has invested over €210 million in equity capital in around 235 innovative, technology-oriented companies from a wide range of sectors, including life sciences, software & IT, medical technology, materials & new materials, nanotechnology, and environmental technology. This has created around 5,000 permanent jobs in future-oriented companies in Bavaria.
