TGFS leads seven-digit funding round for Apiomat
German state-owned VC Technologiegründerfonds Sachsen (TGFS) has invested a seven-digit figure in Apiomat, a Leipzig and Palo Alto-based mobile-enterprise IT service.
Several business angels also participated in the funding round. Apiomat intends to use the funds to accelerate adoption and development of its offerings.
TGFS first invested an undisclosed amount in the company in December 2012.
The VC backs startups and young companies in the high-tech area headquartered or located in Saxony. It focuses on the IT, telecommunications, semiconductors, microsystems, medical technology, life sciences and new media sectors. Investments range from €200,000-4m.
Company
Founded in 2012 and based in Leipzig and Palo Alto, Apiomat provides a developer operations platform that manages the lifecycle of corporate apps by connecting mobile business processes with IT.
Its mobile backend-as-a-service can be directly installed in a company's data center, with connectors operating as a linkage to IT systems, allowing employees to work with data via apps everywhere. Customers include Berlitz and Mobilcom Debitel.
People
Marcel Etzel is the CEO of Apiomat.
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