riskmethods / Munich, 02/02/2016 – Technological market leader in risk identification and risk analysis of global supply chains – riskmethods – has been successful in securing almost six million US Dollars in its Series-A financing round. The Munich-based company has truly impressed its current investors and has won EQT Ventures as new lead investor. Existing investors Senovo, Point Nine and Bayern Kapital are investing in the Munich-based start-up with fresh capital too. By providing a significant financial contribution, EQT Ventures is paving the way for additional product innovations, an increased presence in Europe, and the setup of a subsidiary in the US. The level of interest shown by companies in securing their supply chains in order to protect themselves against declines in sales, production losses and damage to their reputation is steadily growing with the increasingly complex networks of their suppliers and production locations. Since 2013, riskmethods has been providing comprehensive supply chain risk management through an innovative SaaS solution, which enables their customers to identify, evaluate and control risks along the global supply chain in near-real-time. “Increasing globalization, shifts to new markets, national and international regulatory requirements, and political unrest are causing an increase in risks along our global supply chains – and these risks are constantly evolving,” explains Rolf Zimmer, Managing Director and Co-Founder of riskmethods. “Successful supply chain risk management is a competitive advantage and consequently holds tremendous potential for growth.”
The main investor in the current Series-A funding is EQT Ventures. “We are extremely happy to have found a powerful partner in EQT Ventures, who will be giving us a major boost for achieving our corporate objectives by way of its investment,” says Zimmer. “There’s a big difference between VCs and VCs. What really convinced us to go with EQT Ventures is that they are all entrepreneurs and have an in-house team of operational experts that will support us on our journey.”
The new financial resources will be invested in product innovations, further development of existing products and increased marketing and distribution for the continued expansion into the European market as well as the entry into the US market. “We are particularly encouraged by our most recent success in the US to use this investment to set up a subsidiary. Furthermore, we will promote the expansion of a partner network, as well as sales and customer success management structures,” adds Zimmer. “This will enable us to consolidate our position as market leader in Europe and the US, and also expand our market position.” The high degree of customer satisfaction with riskmethods is reflected in the comprehensive list of customers of all sizes and from various sectors, as well as in the substantial growth in the acquisition of new customers.
Existing investors Senovo, Point Nine and Bayern Kapital are also supporting the Munich-based start-up and are therefore part of the current round of financing, having pledged renewed investment. “We place great emphasis on an experienced management team and exceptionally exciting technology with an incredible network effect. We would therefore like to play a contributing role in achieving the next milestones, by means of our renewed investment, thereby expanding riskmethods’ position of market leadership,” confirms Dr. Alexander Buchberger, Managing Director at Senovo.