These Munich startups are ready for investment

In assessing which startups are ready for investment, we orient ourselves by the “Dealroom Signal” from Munich Startup Insights. This evaluates companies based on four categories: “Timing” indicates how much time has passed since the last funding round; “Growth Rate” refers to the startup’s growth rate; “Founding Team” examines the founders and what successes they have already achieved; and “Completeness” finally refers to the startup’s data availability within the Insights. Startups can achieve a maximum score of 100 in all four categories, as well as in the overall rating. (Image: Rawpixel / Freepik)

Julian Kley and Vlad Lata (from l.), founders of Avi Medical

Avi Medical operates a network of modern, technology-enabled general practices three years after market launch in Munich, Hamburg, Berlin, and Stuttgart. Primary standard care is fully digitalized, and according to the startup, over 100,000 patients have been using the Avi Medical app as an extended arm of their doctor since its introduction. A key component of digital transformation is collaboration between doctors and fully automated digital co-pilots in the practice. This system manages workflows, creates individual treatment plans for patients, and coordinates appointment management. Additionally, with Avi Heart, the startup offers its own targeted care program. The last investment in Avi Medical was over two years ago: in April 2022, the startup closed its Series B with €50 million. According to the Dealroom Signal, the startup is more than ready for the next round. The total score is 95, timing is 98, and growth rate is even 99 points. (Image: Avi Medical)

Verso CEO Andreas Maslo, Christian Kukwa, Principal at Nord Holding, Verso CCO Nuvia Maslo, and Moritz Stolp, Investment Manager at Nord Holding (from l.)

Verso offers software for sustainability management of mid-market companies. The company aims to accelerate and simplify the transformation of the economy toward sustainability. The Munich-based company provides mid-market companies with a SaaS solution to manage their activities in the areas of sustainability, ESG (Environment, Social, Governance), and CSR (Corporate Social Responsibility). Founded in 2010, the startup most recently convinced investors at the end of 2022. At that time, Nord Holding participated with an undisclosed amount. The timing for the next funding round would be right: the Dealroom Signal awards 100 points here, and Verso achieves 88 points overall. (Image: Verso)

Village Data Analytics, or Vida for short, has developed geoinformation software for decision-makers in companies, NGOs, and authorities. It provides various real-time information about locations, such as geodata and high-resolution satellite images. Additionally, the Munich-based company enriches the information with quality-tested on-site data, such as information about potential customers, local industry, or telecommunications. The startup also promises to be able to map local physical climate risks through 2080. In this way, Vida aims to enable data-driven investment, business, and policy decisions in rural villages in Africa and Asia. The Munich-based company also offers comprehensive due diligence reviews of investment opportunities. The last investment in Vida was just over a year ago: in September 2023, the Munich team received €3 million. But not only the timing (100 points) is convincing, the team (80 points) and growth rate (96 points) are also impressive. The total score is 88. (Image: Vida)

Speexx is a cloud-based B2B language learning platform from Munich-based company Digital Publishing. Since 2012, the “Learning-from-Anywhere” platform has offered AI-based needs analysis, assessment, adaptive learning, continuous performance support, and HR tools in one place. Internationally operating companies such as UBS, Merck, and Volkswagen, institutions like the UN or the European Central Bank, and public authorities such as Swiss government organizations use Speexx to train their employees. The startup has been cautious with funding rounds, raising capital only in 2015 and 2020. For timing, the Dealroom Signal awards 45 points – but the founding team (93 points) and growth rate (76 points) are convincing. The total score is 87. (Image: Lara Far / Unsplash)

Ivy has developed an API that aims to enable open banking payments worldwide. Through direct account-to-account payments, intermediaries like Visa and their transaction fees are eliminated. So far, open banking technology providers have largely limited themselves to domestic transactions in a single currency – Ivy is set to change that. With this, the startup founded in 2021 has already successfully convinced several investors in the past, and just five weeks after its seed round, which raised €7 million, it secured another investment of €18.5 million. Since both are now over a year ago, the next financing round could soon be on the horizon. Timing is at 100 points, and the total score is 87. (Image: Ivy)

These Munich startups are ready for investment

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