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Health Tech Company Floy Raises €5.4M – Philipps & Byrne Provides Tech Due Diligence
Munich-based Health Tech Startup Floy raised €5.4 Million in a Seed round, led by HV Capital with participation from All Iron Ventures, 10x Founders, xdeck, SB21, as well as angel investors.
Philipps & Byrne supported the deal by providing a comprehensive Product and Technology Due Diligence.
Floy is a Health Tech startup from Munich developing AI to support radiologists in seeing diseases difficult to detect.
Tech DD at French Prop Tech Startup Vizcab on Behalf of Kompas VC
French Prop Tech Company Vizcab raised a €5 Million Series A with Kompas VC as well as Rise PropTech Fund, CEMEX Ventures, Altur Investissement, and existing investors A/O and Banque des Territoires (Groupe Caisse des Dépôts). Philipps & Byrne provided the Product and Technology Due Diligence for the deal.
Vizcab is a SaaS platform specializing in data-driven solutions for Life Cycle Assessment (LCA) in construction projects, based in Lyon, France.
Philipps & Byrne Supports STRABAG’s €100 Mio Investment in CMBlu Energy with Software Due Diligence
Construction Company STRABAG invested €100 Mio in CMBlu Energy. They produce high-performance batteries for energy utility companies, grid operators, as well as commercial and industrial demand. Batteries from CMBlu Energy are made from recyclable and organic materials, offering a sustainable solution in contrast to conventional lithium-ion batteries. Philipps & Byrne provided the Software Due Diligence ahead of the investment.
STRABAG is a construction company covering building construction and structural engineering, road construction and civil engineering, bridge building and tunneling, project development, building materials production, and facility management. They aim to become the most innovative and sustainable construction technology group in Europe.
CMBlu Energy develops and produces high-performance batteries. Their Organic SolidFlow batteries use carbon-based molecules and are free from critical, flammable, or explosive materials, including lithium, making them safe, scalable, affordable, recyclable, and long-lasting. With the Organic SolidFlow battery, they deliver an extremely safe and sustainable key technology for the energy transition and a broad number of applications.
Tech Due Diligence at Fintech: kennek secures $12.5m funding
London-based fintech kennek raised $12.5m in a Seed round, led by HV Capital and supported by AlbionVC, DFF (Dutch Founders Fund), FFVC, Plug and Play Europe and Syndicate One.
Philipps & Byrne supported the deal by providing the Tech Due Diligence.
Kennek is the vertical software, an end-to-end solution for lenders that allows them to manage the full value chain of lending in one platform instead of using different systems and tools.
New Partners at Philipps and Byrne: Simon Brendel and David Abasina join Management as Associate Partners
Simon Brendel and David Asabina have joined the management team at Philipps & Byrne as Associate Partners. David will be Partner Innovation and Simon will be Partner Finance and Growth. Together, and along with our dedicated team, we’ll continue our way to being one of the Top Tech Advisory firms in Europe and help investors and founders to build the world of tomorrow.
Qualifyze raises $12 million – Tech Due Diligence by Philipps & Byrne
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
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
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
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
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
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
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
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
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
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
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
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.
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The following privacy policies clarify the collection and processing of your data when using the Philipps & Byne website (philipps-byrne.com).
The entity responsible for collecting and processing your information on this website is
Philipps & Byrne GmbH
Berlin, BE 10785
Phone: +49 30 5858 30 2201
To protect the security of your data during transmission, we use state-of-the-art encryption procedures on our website, such as SSL and HTTPS.
This website is hosted on server systems of RAIDBOXES GmbH, Friedrich-Ebert-Straße 7, 48153 Münster, https://raidboxes.de/, with server locations in Germany. We do not directly share personal data with RAIDBOXES for the purpose of our co-operation.
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If you would like to contact us through our website, especially when using the contact forms that we provide on this website, we require the following information from you: your name, e-mail address, and message. Optionally, you may also enter your company name and your telephone number.
The legal basis for the processing of your personal data may be: the execution or initiation of a contract with you (Article 6 (1) S. 1 (b) DSGVO) or our legitimate interest in answering and following up your request (Article 6 par.1 p.1 lit. f DSGVO). All information that you send to us by e-mail – either by using an e-mail link on our website or by using a contact form – will be stored in our e-mail application or other software application such as a CRM system. Normally, such information will be deleted when its processing is no longer required. However, in some cases we may be legally obliged to retain such information for a longer period. In such cases the information will be deleted after 3 years.
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When you access our website, information about your visit will be automatically recorded in our hoster’s server log files. Such information includes, for example, the web browser you’re using, your computer or device operating system, the domain name of your internet service provider, your IP address and its location. This information is technically necessary to correctly deliver the contents of this website requested by you and is mandatory when using the internet. They are processed in particular for the following purposes:
The processing of your personal data is based on our legitimate interest for the aforementioned purposes of data collection. We do not use your information to draw conclusions about you. Data will only be received by the responsible body and possibly the processor. Anonymous information of this kind may be statistically evaluated by us to optimize our website and its underlying technology.
We use the following analytical services to follow our visitors’ behaviour on our web site in order to improve our service and/or display custom, interest-based information. You can object to this kind of data processing as described in the following sections.
This web site uses Google Analytics (Google Inc.) to track user navigation. Google Analytics makes use of so-called “cookies”, text files that are stored on your computer / device and that enable us to analyse how you use our website. The information generated by the cookie about your use of this website is transmitted to a Google server in the USA and stored there. This website, however, uses IP address anonymization so your IP address will be shortened by Google within a member state of the European Union or in other contracting states of the Agreement on the European Economic Area before transmission to a Google server in the USA. Only in exceptional cases will the full IP address be sent to a Google server in the USA and shortened there.
On our behalf, Google will use this information to analyse how you use this website, to compile reports on website activity and to provide other services related to website activity and internet usage to us. The IP address transmitted by your browser will not be merged with other Google data.
We have involved third party data processors for the following data processing services:
Your data will only then be passed on to third parties if this is permitted or prescribed under European data protection law. This is the case, for instance, if you have expressly consented to the disclosure of your data and / or if disclosure is required for contract fulfilment. Disclosing your data is also permitted by data protection law if the enforcement of regulations of other laws (for example criminal law regulations) requires us to do so and nothing prevents this disclosure from a data protection point of view.
We would like to inform you briefly about the data protection rights that you can exercise towards Philipps & Byrne:
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You have the right to request information about the personal data stored by us about you at any time. To do so, please contact us at email@example.com. We may only process personal data which is correct and up to date. If, for example, you exercise your right to information and you find that a date about you is inaccurate or has become inaccurate, we are in obliged to correct that information promptly.
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Furthermore, you have the right to object to (further) processing of your personal information if such processing takes place on the basis of “legitimate interest” or based on your expressed consent.
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You have the right to file a complaint with a data protection authority if you do not agree with the way in which we collect or process your personal information. You can, for instance, contact the data protection authority responsible for your place of residence, or the data protection authority responsible for us. This would be the Berliner Beauftragte für Datenschutz und Informationsfreiheit.
We reserve the right to occasionally adapt parts of this privacy statement in order to comply with current legal requirements or to implement changes to our services. For your next visit to this web site the new or updated privacy statement will be valid. If your consent is required for the introduction of a new service, we will inform you in good time and ask for your permission.
Philipps & Byrne GmbH
Phone: +49 30 5858 30 2201
Managing Director: Chris Philipps
Commercial register: Amtsgericht Charlottenburg Berlin, HRB 204884 B
Responsible for content § 6 MDStV: Chris Philipps (V.i.S.d.P.)
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