XAnge backs Sensorberg

The startup will use the equity for international expansion, new hires and the development of its product.

XAnge is a VC with a Franco-German focus and offices in Paris and Munich. It has 70 portfolio companies, €350m under management and prefers to invest in high-tech startups. The VC's last investment in February 2016 was also a software company: XAnge backed a $4.7m round for French artificial intelligence business TellMePlus alongside lead investor Ventech as well as Runa Capital and Soridec.

Company
Founded in 2013 and based in Berlin, Sensorberg develops beacon-based software. Beacons are devices that enable more accurate location within a narrow range than GPS, cell tower triangulation and wifi proximity. Sensorberg supports companies in digitalising their business models and in automating industrial as well as non-industrial workflows. The company is active in five countries and opened an office in Poland in January.

People
Sensorberg – Alexander Oelling (CEO).
XAnge Private Equity – Bernhard Schmid (partner).
Berlin Technologie Holding – Joern-Carlos Kuntze (managing partner).

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• Topics
• Early-stage
• DACH
• Technology
• Venture
• Germany