Mountain Partners et al. back €10m round for Myos

The new funding will enable Myos to refinance loans, and develop its software platform and AI-based risk-scoring technology for merchants, based on sales potential of trading products.

Swiss firm Mountain Partners makes early-stage and expansion investments in the technology sector. It recently invested an undisclosed amount in Swiss battery technology company High Performance Battery.

Berlin Technologie participated in the €10m series-A funding round for logistics software provider Fliit in March 2019.

Berlin-based VC fund Avala typically invests €100,000-1m in each financing round.

Company
Myos was founded in 2018 by Nikolaus Hilgenfeldt and Benjamin Schickert. It has 30 employees, according to its website. The group provides merchants with financing for working capital and evaluating credit risk via AI technology, using sales data from e-commerce platforms.

People
Myos – Nikolaus Hilgenfeldt (co-founder and CEO).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany
• Mountain Partners AG