1 min read

Follow up funding for AI startup we.do-ai

By Linh Pham on Jul 28, 2022 3:47:27 PM

In a follow-up funding, SpinLab partner Technologiegründerfonds Sachsen (TGFS) increases its investment in the AI startup from Leipzig. Since 2018, TGFS has been supporting we.do-ai as financing partner. With Foodcall, the founders Dr. Sebastian Hecker and André Naumann created Germany's first intelligent voice chatbot for the gastronomy industry, which can take orders, reservations or other requests from callers in one fluid conversation.

Topics: News startups
1 min read

International Exit for SpinLab mental health startup Stresscoach

By Linh Pham on Jul 28, 2022 1:15:59 PM

The founders Philipp Omenitsch and Manuel Kraus first launched in 2019 with a chatbot for the US market, and then switched to an app certified by German health insurers: just 3 years later, the e-health startup successfully exited. Stresscoach app has been sold to KGA Inc. The US company helps organizations to create and sustain a healthy, engaged and productive workforce. Both parties have agreed not to reveal the acquisition price. Mental health problems are unfortunately still a taboo in our society and people have to wait very very long until they get professional support. That is where Stresscoach comes in - the first psychological chatbot in Germany. The app guides users through interactive, conversation-based therapy programs in which they develop the skills to cope better with anxiety and stress.

Topics: News startups
4 min read

Leipzig Summer School For Diverse Startups Batch #2 in the house

By Linh Pham on Jul 8, 2022 3:08:11 PM

The next Summer School For Diverse Startups will kick off soon! This time we teamed up with the incubator HHL Digital Space. Diversity drives company success. That’s a result many studies have shown. Yet, diverse startups still lack access to networks and resources like funding. Our mission: more diversity, equality and inclusion in the startup world. Of course this cannot be achieved alone. It’s a major challenge that we must tackle together. We are extremely happy to have strong partners who support our important mission. As a partner we could win the city of Leipzig, PricewaterhouseCoopers (PWC) and Technologiegründerfonds Sachsen.

Topics: News startups Diversity
1 min read

SpinLab startup suena raises 1.2 MIO EUR to accelerate energy transition

By Linh Pham on Jul 4, 2022 2:20:30 PM

EIT InnoEnergy, the world’s largest sustainable energy engine, has invested alongside Vireo Ventures and Raakwark Kaptaala in the energy startup suena to support the development of the trading platform for energy storages and renewable energies. The fresh capital will enable the team to rapidly increase the pace of product development and pilot project implementation to address the urgent need for innovative energy storage deployment solutions.

Today's energy system, which is largely based on the combustion of fossil fuels, is facing profound changes worldwide. The necessary technical solutions for implementing the energy transition, such as renewable energies and storage capacities, are already available. Currently, the greatest challenge is to optimise the interaction of these solutions. This is exactly where Suena comes in: Its cloud-based software uses state-of-the-art artificial intelligence methods to network energy systems with each other. In concrete terms, this means that they calculate an optimal schedule for each plant. The optimisation software suena opt makes it possible to use energy plants for multiple applications and to operate in different markets.

The startup takes a multi-use and multi-market approach here to maximise profit: "suena opt is a real-time operation and trading software that optimises the schedule of the energy plant portfolio for different applications and markets," explains co-founder Dr.-Ing. Lennard Wilkening. Applied to battery storage systems and energy parks (incl. wind & solar energy), the software optimises the deployment of the assets in real time based on forecasting models. This enables energy suppliers to react flexibly to market dynamics and facilitates the integration of renewable energies. This not only increases efficiency, but also cost-effectiveness, with the aim of accelerating the energy transition.

Topics: News startups
1 min read

SpinLab Alumni PLANTED raises 1 million EUR for climate protection

By Linh Pham on Jun 24, 2022 11:41:35 AM

The fresh capital comes from Smart Infrastructure Ventures ('SIVentures'), who invested alongside neoteq ventures, Rivus Capital and well-known business angels. This is an important sign in the fight against the climate crisis. We are pleased that the participation in the SpinLab program has helped the team to reach this great milestone. The founders of Planted participated in our startup program in 2021. During the 6 months they gathered important know how from mentors and coaches as well as valuable contacts like to the venture capital funds Smart Infrastructure Ventures. At the HHL SpinLab Investors Day they were able to convince the jury of their important vision and won the best of pitch award with 2000€ prize money, sponsored by the city of Leipzig. Less than a year later, pre-seed funding has been secured.

Topics: News startups
2 min read

Seed funding for SpinLab ehealth startup eCovery

By Linh Pham on Jun 16, 2022 11:14:38 AM

SpinLab Alumni eCovery has closed another round of funding. The insurtech fund 1750 ventures, adesso ventures as well as further business angels invested a seven-digit amount in further growth of the ehealth startup. In the course of the capital increase, eCovery also completes its product in the field of prevention: OPT - Online Physiotherapie GmbH will become part of the company and will operate under the common umbrella in the future. From now on, eCovery offers certified preventive services in addition to the physiotherapy app for back, hip and knee pain.

Topics: News startups
2 min read

SpinLab Startup IO Dynamics closes seed funding and is planning a 2nd base in Leipzig

By Linh Pham on Jun 9, 2022 10:52:38 AM

Very good news for SpinLab startup IO Dynamics and the Smart Infrastructure Hub Leipzig. The e-mobility startup has successfully closed its seed financing round and is planning a second base in Leipzig. IO-Dynamics offers smart energy management for electric fleets and charging infrastructures. Their fully automated and easy-to-use charging software is vendor-agnostic, grows with the fleet and adjusts to clients requirements. The team is currently part of the 13th SpinLab class. Participating in our program has already paid off.

After a very successful startup phase in 2021, in which strategic partnerships were established with well-known industry players and additional customers were acquired, the Flensburg-based startup was able The private venture capital fund Smart Infrastructure Ventures invested alongside High-Tech Gründerfonds, be10x Capital as well as strong industry experts as business angels. Leipzig is one of the most innovative regions in Europe, we are pleased that the founders have recognized this and the city of Leipzig has gained an innovation driver in the energy transition. 

The newly acquired capital is also to be used to build up the new location in Leipzig. Especially in the areas of sales and development, the team aims to grow.

Johann Olsen, CEO and co-founder of IO-Dynamics states: "Leipzig is an energetic city with many startups, where we always feel very comfortable. What we like about Leipzig is its proximity to the university. There we have met many people who want to make a difference. We have a strong network on site around SpinLab, our accelerator."

Björn Bauermeister, co-founder of venture capital fund Smart Infrastructure Ventures, adds: "We very much understand IO-Dynamics' decision to also want to build up business in Leipzig. As a young early-stage investor, we appreciate the dynamism and talent pool in the city. We are pleased to be able to actively support the IO-Dynamics team as an active investor in the coming years."

The newly acquired capital will be used to establish the software IO-ELON on the market, an intelligent charging and energy management for the operation of electric fleets. In 2018, Johann Olsen, Nabil Imran and Felix Kruse founded their e-mobility startup with the idea of making electric mobility in fleets more economical, sustainable and easier. Over the past few years, they have developed a software that optimizes energy and charging management in vehicle fleets. Data from charging stations and electric cars - but also building data, flexible electricity prices and solar forecasts are taken into account and used to create charging plans.

👉 Startups who want to benefit from our strong ecosystem like IO-Dynamics should apply now for our accelerator program. The deadline ends on July 5th. Check out our application site for more details.

Topics: News startups
2 min read

SpinLab Alumni Aumio raises 3 Million EUR in seed funding

By Linh Pham on May 23, 2022 11:02:47 AM

The round was led by Partech and byFounders and backed by existing investors capacura and Business Angels Club Berlin-Brandenburg e.V. (BACB). Aumio will use the fresh capital to triple its team and expand across Europe and in the US. Founded by Jean Ochel, Tilman Wiewinner, Felix Noller and Simon Senkl, Aumio is a meditation and sleep app for children. Aumio app provides multi-day courses and individual exercises, on topics such as “hyperactivity” or “impulsivity”. It uses short audio journeys to teach mindfulness exercises.

Topics: News startups
2 min read

SpinLab Alumni MotionsCloud raised $2 Million dollars

By Linh Pham on Apr 28, 2022 10:00:00 AM

MotionsCloud raised around US$ 2 million with its AI insurance claim solution in the latest round. The startup was backed by investors from all around the world, co-lead by SOSV (US) and Net Insurance (IT), followed by AI Startup Incubator (CZ), ParticleX (HK), Artesian (AU), Excon Services (GER), Global Insurance Accelerator (US) and individual angel. MotionsCloud empowers insurance companies with an automated property and vehicle inspection, making the process faster and more efficient. Established in Germany, the startup already cooperates with European, US, and Asian firms.

Topics: News startups
1 min read

Exit for Spinlab Alumnus Infrasolid

By Linh Pham on Feb 25, 2022 2:06:09 PM

Innovative Sensor Technology IST AG, a Swiss sensor specialist and part of the Endress+Hauser Gruppe announced the majority acquisition of Infrasolid. Our partners TGFS Technologiegründerfonds Sachsen, VNG Innovation (VNG AG) and SpinLab mentor WEGVISOR® (Titus Lindl) had invested in the Dresden based startup. The team was 2018 part of the 6th SpinLab class.

Eric Weber about the exit: "With two partners and one mentor invested, our fifth alumni exit Infrasolid once again shows that our ecosystem works pretty well."

Congratulations to the team Marco Schossig, Benjamin Buchbach and Tobias Ott for this amazing achievement!

Topics: News startups exit