HTGF backs Se M Labs' €780,000 seed round

MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg and a business angel invested alongside the VC. 

HTGF stated it decided to invest because SaaS-solutions are a novelty in the German leasing market and have potential for scaling internationally.

MBG invests in Baden-Württemberg across all sectors in small and medium-sized enterprises, providing between €25,000-2.5m. The publicly funded investment company provides seed investments, startup financing and growth financing to established companies.

Company
Founded in 2015 and based in Stuttgart, Se M Labs' software is a link between capital goods and the billing of the financial service. The company claims its software helps customers reduce their internal expenditures and enter new markets such as pay-per-use financing models and telemetry-driven business models.

People
Se M Labs – Marius Merle (CEO).
High-Tech Gründerfonds – Tanja Emmerling (investment manager).
MBG – Steffen Gasior (investment manager).

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