HTGF backs Baimos's seven-digit round

Baimos hopes to profit from the growing Internet-of-Things market, for which it develops security products. The company stated it will benefit from the strategic expertise of new investor HCS and plans to further expand with the fresh capital.

HCS is a private equity and venture capital investor. Among its portfolio companies is Cumulocity, which also offers an Internet-of-Things platform.

Previous funding
In August 2011, HTGF and Bayern Kapital invested an undisclosed amount in Baimos. Automotive supplier Marquardt also participated in the financing round.

HTGF and Bayern Kapital provided €650,000 seed funding for Baimos in May 2008.

Company
Headquartered in Garching, Baimos technologies has developed BlueID technology, a system for secure digital identification, together with automotive supplier Marquardt. The product allows users to send access permissions and driver authorisations to mobile phones enabling them to start and open cars by mobile phone. The company was established in 2007.

People
Baimos Technologies – Philipp Spangenberg (CEO).
HCS Beteiligungsgesellschaft – Hans-Christian Semmler (managing director).

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