Munich Venture Partners backs Relayr’s $11m series-A

Relayr will use the fresh capital to launch its B2B business in the US market and to expand its customer base.

Kleiner Perkins has previously backed companies such as Google and Amazon. Munich Venture focuses on investments in cleantech startups in the fields of energy and sustainable environmental technologies, green information and communications technology, energy efficiency and agriculture.

Previous funding
In September 2014, Relayr raised a $2.3m seed round from Josef Brunner through his vehicle AFT Ventures and from Tom Noonan.

Company
Founded in 2013 and based in Berlin, Relayr develops an internet-of-things platform, embedding physical objects with electronics, software, sensors and network connectivity to enable these objects to collect and exchange data. The company has developed the WunderBar, a hardware sensor kit that contains a collection of freely programmable sensors, metering and transmission modules for further use in technical equipment. Relayr also offers an open-source software development kit for developers. The company has 40 employees.

People
Wen Hsieh is general partner at Kleiner Perkins. Walter Grassl is a partner at Munich Venture. Josef Brunner is CEO of Relayr.

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