HTGF backs Soley
High-Tech Gründerfonds (HTGF) and business angels have provided an undisclosed amount of capital for German engineering intelligence company Soley.
Soley plans to use the fresh funds to make its products and processes more scalable, gain new partners and extend its customer base.
Soley stated that the capital injection was its first funding round. HTGF usually invests €500,000 at the seed stage.
Company
Founded in 2013, Soley is a spinout from the Technical University of Munich. The company develops analytics software designed to improve the decision process in engineering. The company claims it allows developers to understand and manage large quantities of data and dependencies in their processes and products more quickly by automating data preparation, analysis and visualisation.
Soley has 10 employees and is active in Germany, France, Italy, Austria, Sweden, the UK, China and the US.
People
Guillem Sague is senior investment manager at HTGF. Bergen Helms and Maximilian Kissel are executive directors of Soley.
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