Senovo et al. inject $2m into riskmethods

The fresh capital will be used to grow the company's product portfolio, make new hires in the sales and software development teams and expand internationally.

Senovo cited riskmethods' performance, quick installation and positive customer feedback as reasons to invest, while Point Nine sees potential for growth in the US market.

Senovo is a Munich-based venture capital firm focusing on B2B models in the DACH region. It concentrates on software, online, cleantech and medtech companies.

Point Nine is currently investing from its €40m Point Nine Capital Fund II.

Previous funding
According to unquote" data, Bayern Kapital and Point Nine invested €900,000 in riskmethods in January 2014.

Company
Headquartered in Munich, riskmethods is a supply chain risk management provider, assessing risk in companies' supply chains. It also provides an early warning system for potential risks with its software-as-a-service package Social Supply Risk Network. The company operates in Germany, Switzerland and the US, with clients including Bosch, Belimo and the Kardex Group.

People
Alexander Buchberger is managing director of Senovo. Pawel Chudzinski is co-founder and managing partner at Point Nine. Rolf Zimmer is managing director and co-founder of riskmethods.

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• Topics
• DACH
• Expansion
• Technology
• Germany