UVC Partners leads €4.4m series-A for Innoactive

UVC Partners drew capital for the financing from UnternehmerTUM Fonds II, an €82m fund that held a final close in April. Capnamic Ventures also took part in the round.

The fresh capital will be invested in new technology and product development such as equipping the software development kit with additional functionality to make it more user friendly. The company will also continue to expand its sales and product teams.

Company
Innoactive was founded in 2013 and is headquartered in Munich. The company develops virtual and augmented reality software for the automotive, aerospace, pharmaceutical and retail industries. It allows users to create VR/AR planning, simulation and training applications.

People
UnternehmerTUM Venture Capital Partners – Johannes von Borries (managing partner).
Capnamic Ventures – Sebastian Schüller (investment manager).
Innoactive – Daniel Seidl (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture