TGFS backs IT security business Rhebo

Rhebo is the third business started by the founding team. CEO Klaus Mochalski, CTO Martin Menschner and business developer Frank Stummer previously co-founded Adyton Systems, which is also an IT security business, and Ipoque, an application awareness software.

eCapital invested via its fourth fund, which started fundraising in January this year with a €100m target. Rhebo is the fourth investment for the vehicle, which aims to invest in up to 15 companies.

TGFS, which exclusively focuses on startups in Saxony, ramped up its fund from €60m to €124m in March this year. 

Company
Rhebo's product Industrial Protector monitors and analyses the data traffic in industrial control networks. Every operation exchanged between control systems, sensors and actuators is recorded and graphically visualized. Industrial Protector provides an overview of the control communication including all information required for problem diagnosis.

Rhebo was founded in 2014, is based in Leipzig and has nine employees.

People
eCapital – Willi Mannheims (partner).
TGFS – Andreas Müller (investment director).
Rhebo – Klaus Mochalski (CEO).

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• Topics
• Early-stage
• DACH
• Technology
• Germany
• Venture