Helvetia Venture Fund leads funding round for Baimos

HCS Beteiligungsgesellschaft, Berendsen Holding, High-Tech Gründerfonds (HTGF) and Bayern Kapital also invested in the round of undisclosed value.

The new funds will be used to expand into additional markets as well as develop new digital products.

Helvetia Venture Fund is the VC arm of Swiss insurance company
Helvetia Group. The deal highlights the company's strategic interest in facility and property access management.

Previous funding
Bayern Kapital and HTGF invested €650,000 in a seed round for Baimos in May 2008. Both investors then joined a further round alongside automotive supplier Marquardt in April 2011. Then prior to the current round, HTGF, Bayern Kapital and HCS invested an undisclosed seven-figure sum in the company in February 2016.

Company
Founded in 2007 in Munich, Baimos has developed a digital locking software technology called BlueID, allowing mobile devices to connect to digital locks. The company has also partnered with automotive supplier Marquardt to create driver authorisation products that enable unlocking and starting cars using a mobile device.

People
Helvetia Venture Fund – Michael Wieser (partner).
Baimos Technologies – Philipp Spangenberg (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• High-Tech Gründerfonds
• Venture