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Qualifyze raises $12 million – Tech Due Diligence by Philipps & Byrne

21.08.2023
Qualifyze just raised $12 million in a round led by HV Capital and new investor HarbourVest Partners with participation from H14. Philipps & Byrne was on board by providing the Product and Technology Due Diligence.

The Frankfurt-based Startup offers compliance solutions for the pharmaceutical industry. Their mission is to transform supply chain compliance in the healthcare industry in a sustainable, data-driven manner.

TechDD at Neko for €60m Series A: Sensor Technology meets AI in Healthtech

05.07.2023
Swedish healthtech company Neko Health raised a €60m Series A round led by Lakestar, together with Atomico and General Catalyst. Philipps & Byrne conducted the Product and Technology Due Diligence for the funding round. This included an assessment of the company’s AI approach in combination with hardware components in sensors and medical scanning technology, which is being used for a broad and non-invasive health data collection.

Neko was founded by Hjalmar Nilsonne (Watty Founder) and Daniel Ek (Spotify Co-Founder). Neko’s vision is to create a healthcare system that can help people stay healthy through preventive measures and early detection, incorporating the latest advances in sensors and AI.

Tech DD in ClimateTech: Forest Software Startup OCELL secures Seed Round

11.05.2023
Forest Software Builder and Provider OCELL secured a seed funding round of $5 million with investors AENU and Summiteer as well as business angels Maximilian Thaler, Max Viessmann, and Boscor. Philipps & Byrne conducted the Product and Tech Due Diligence for the deal.

OCELL is building an operating system of sustainable forestry. By leveraging the data collected through their Dynamic Forest software, they want to create high-quality carbon credits to protect our forests.

Tech DD on SPREAD – Engineering Intelligence Startup for Complex Mechatronic Products

03.05.2023
SPREAD closed a €14.6 million Series A funding round, led by HV Capital with participation from existing investors Cavalry Ventures. The round also attracted angel investors Dylan Field, Figma Co-Founder & CEO, the founders of logistics unicorn Sennder, and Summit Partners founder Walter Kortschak. Philipps & Byrne conducted the Product and Tech Due Diligence ahead of the closing.

SPREAD’s Engineering Intelligence Network connects all kinds of product information to help engineering teams gain an objective understanding of complex systems like cars, aircraft, and machines.

Philipps & Byrne supports Notion Investment into m3ter with Tech Due Diligence

27.04.2023
m3ter raised $14 million in Series A round led by Notion Capital, and joined by Insight Partners, Union Square Ventures, and Kindred Capital. Philipps & Byrne conducted the Product and Tech Due Diligence ahead in the context of the deal.

m3ter helps software companies successfully operationalize modern usage-based pricing strategies. The company’s platform plugs directly into software businesses’ existing systems to capture granular usage, pricing, and account data at scale. It enables complex pricing configurations and error-free billing in near real-time, feeding systems throughout the stack, including billing and finance systems, the SaaS product itself, and Sales CRM and Customer Success platforms.

Sdui acquires Additio App: Early Stage M&A Tech and Product Due Diligence in EdTech Deal

25.04.2023
EdTech Startup Sdui acquired Additio App and Philipps & Byrne provided the Tech DD to support the deal. We first met Sdui when they were raising a funding round. Back then, we did the Tech DD on them for HV Capital. Now they reached out to us – this time being on the investor side – to do an Early Stage M&A Tech and Product Due Diligence on Additio App.

Sdui is building an operating system for digital and modern education to connect teachers, educators and pupils with different digital solutions. Additio App is a platform for school management, assessment and communication with a strong presence in Spain and France.

Shift Planning Startup Ordio raised €2.9 M in Seed Round – Philipps & Byrne Supports with Tech DD

10.03.2023
Cologne-based shift planning startup Ordio closed a €2.9 M Seed Round with Capnamic and Simon Capital. Ahead of the deal, Philipps & Byrne provide the Tech Due Diligence.

Ordio integrates productivity tools with an easy-to-use interface for your deskless workforce. Their app empowers deskless employees to manage their schedules, request time off, pick up extra shifts, and access crucial information.

Tech Due Diligence on Edtech Startup: Edurino raised €10.5 million Series A

05.03.2023
Props to Edtech Startup Edurino raised €10.5 million in Series A funding round. The round was led by DN Capital with participation from FJ Labs and Tengelmann Ventures. Existing investors Jens Begemann, btov and Emerge Education are on board as well. Philipps & Byrne worked with the team during the Product and Technology Due Diligence.

Edurino introduces children from the age of 4 to digital learning in a playful and responsible way and prepares them for school. The offering includes a combination of physical toy and digital learning app and invites children on a story-based journey into the playful world of learning.

Legal Tech Startup raises Series A – Philipps & Byrne Support Deal with Tech DD

04.03.2023
Henchman raised a $7 million Series A led by Adjacent VC and Acton Capital as well as Conviction VC and several business angels, including the Collibra, Showpad founders, VLAIO – Flanders Innovation & Entrepreneurship, F3 Finance and Pitchdrive. The Tech DD was provided by Philipps & Byrne.

Henchman enables legal professionals to draft and negotiate complex contracts faster by automatically extracting previously written clauses from their existing contract database.

Tech DD at Impossible Cloud – The First Web3-Based Cloud Storage Solution

02.03.2023
HV Capital led a €7m seed round at Impossible Cloud, alongside 1kx, Protocol Labs, TS Ventures and very early Ventures. Philipps & Byrne provided the Product and Tech Due diligence ahead of this deal. Impossible Cloud is the first enterprise-grade cloud storage solution based on web3 technology.

Healthtech Company DrDoctor Secures £10m Investment – Philipps & Byrne Provides Tech DD

23.02.2023
British Healthtech Company DrDoctor has secured £10 million in funding, led by YFM Equity Partners, alongside Ananda Impact Ventures and 24Haymarket. Philipps supported the investments as tech advisory partner by conducting the product and technology due diligence. DrDoctor’s platform empowers clinicians to make data-driven decisions and enables millions of patients to self-book appointments.

Merger of Habyt and Common Creates Industry Leader in Shared-Apartment Business – M&A TechDD Provided by Philipps & Byrne

12.01.2023
Philipps & Byrne was entrusted with conducting the Tech Due Diligence ahead of the merger of Shared-Apartment Companies Habyt and Common. With over 40 cities and 14 countries across 3 continents, Habyt and Common will jointly operate over 30,000 units including co-living, studios, and traditional rental apartments, becoming the industry leader.

Habyt develops and manages community-driven and technologically empowered co-living spaces. Common is a global residential manager offering shared apartments for thousands of residents across coliving, microunits, and traditional apartments.

Fortino Capital Concludes Private Equity Investment in Symbioworld – Philipps & Byrne Provides Tech Due Diligence

20.12.2022
With Symbioworld, Fortino Capital concludes their first Growth Private Equity Investment in Germany. Philipps & Byrne conducted the tech due diligence during this PE deal. Symbioworld is a leading software company based in Munich, which has set itself the goal of actively and professionally managing and optimizing the business processes of its customers.

Philipps & Byrnes Supports €1.2 Mio Pre-Seed Round on Voxalyze

06.12.2022
Voxalyze raised €1.2 Mio in a pre-seed funding round with Capnamic and seed + speed Ventures. Philipps supported the investments as tech advisory partner by conducting the product and technology due diligence.

Voxalyze is the first Podcast Visibility Analytics solution, powering search engine optimization for podcasts on platforms. They aim to help audio content creators meet and increase their audience with data and insights.

Responsive AI Platform Provider QuantPi Assessed by Philipps & Byrne Ahead of €2.5 Mio Funding

10.10.2022
QuantPi raised a €2.5 Mio funding round with Capnamic alongside First Momentum Ventures, New Forge, and Ash Fontana.

We worked with the team as tech advisory partners for the product and technology due diligence ahead of this round.

The QuantPi platform helps eliminate the uncertainty that surrounds delivering AI systems by bringing quality control to every step of the development process. Enterprises can ensure that legal, commercial, and reputational risks related to their AI solutions are identified, assessed, and mitigated.

AI Platform for B2B Commerce Transaction: Tech Due Diligence on Workist

29.9.2022
Workist raised a €9 Mio Series A led by Earlybird Venture Capital.

Philipps & Byrne was on board as tech advisory partner for the product and technology due diligence ahead of this round.

Workist automates B2B transactions around the world to end manual document processing.

€12 Mio Funding to Scale AI Platform: Philipps & Byrne Conducts TechDD on Klaus Ahead of Series A Round

29.9.2022
Klaus raised €12M Series A to scale their AI platform, transforming customer support. Philipps & Byrne conducted the Product and Technology Due Diligence ahead of the funding round.

The Series A round of equity funding is led by Acton Capital. Joining the round were previous investors Icebreaker.vc, CREANDUM, and Global Founders Capital.

Companies use Klaus’ customer service quality management platform to run an effective QA process, coach agents and boost customer retention.

TechDD on Digital Marketplace Startup Timberhub Ahead of €5.8 Mio Funding Round

27.9.2022
Timberhub secured €5.8m in funding, aiming to establish wood as the building material of the 21st century and to drive decarbonization.

Philipps & Byrne provided the Product and Technology Due Diligence ahead of the round, which was led by HV Capital and CREANDUM alongside support from existing investors Speedinvest and the sennder founders.

Timberhub wants to redefine timber trading by building the largest digital marketplace that actively connects buyers and sellers internationally.

Instant Commerce Raises €5.4 Mio – Philipps & Byrne Provides Tech Due Diligence

22.9.2022
Instant Commerce raised a €5.4M seed funding round led by our client HV Capital, alongside Hearst Ventures and firstminute capital. Philipps & Byrne worked with the team as tech advisory partner for the product and technology due diligence ahead of the round.

Instant Commerce is a storefront builder for headless commerce that enables eCommerce brands to build superior online shopping experiences, fast and easy, with best-in-class technology.

Seed TechDD on Decision Intelligence Startup Paretos Ahead of €10 Mio Round

20.9.2022
SaaS startup for decision intelligence paretos extends their seed round to €10 Mio Euro. Investors include UVC Partners, LEA Partners GmbH, Fabian Strüngmann, Interface Capital with Niklas Jansen and Christian Reber, Hannes Ametsreiter, and others. Philipps & Byrne supported the deal by conducting the product and technology due diligence.

Paretos is an AI-based decision intelligence platform for effective, data-driven decision processes. It enables companies to quickly and reliably analyze complex data, generate optimized forecasts and decision proposals, and derive target-oriented measures – thanks to a clear no-code user interface and simple integration solutions, even without any prior data science knowledge.

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