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Unquote
  • Expansion

Push Ventures and Senovo invest €2m in Anyline

  • Katharine Hidalgo
  • Katharine Hidalgo
  • 01 February 2019
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German VC Senovo has joined existing investor Push Ventures in a €2m funding round for Anyline, a company that develops scanning and text recognition software and technology.

Existing investors Hansi Hansmann, Hermann Hauser, Bernhard Niesner and the Gernot Langes Swarovski Foundation joined the funding round.

The fresh capital will be used to extend the sales department and invest in the company's technology. Anyline reported it had tripled its turnover for the third year in a row in 2018. It generates sales of more than €1m.

Anyline

  • DEAL:

    Expansion

  • VALUE:

    €2m

  • LOCATION:

    Vienna

  • SECTOR:

    Software

  • FOUNDED:

    2013

  • STAFF:

    30

Previous funding
In 2016, Anyline raised €1.5m from American VC iSeed Ventures, the Gernot Langes-Swarovski Foundation, Push Ventures and business angels Johann Hansi Hansmann, Bernhard Niesner.

The headcount of the company has risen from 21 in 2016 to more than 30 in 2019.

Company
Founded in 2013, the startup now has more than 150 enterprise customers worldwide, including major companies such as Canon, Porsche, Swisscom and Thomas Cook Airlines. The company develops AI-based optical character recognition technology.

People
Senovo – Frederick von Mallinckrodt (managing director).
Anyline – Lukas Kinigadner (CEO).

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