ubigrate Secures “Significant Amount of Capital” in Second Financing Round
Summary
ubigrate GmbH, a Dresden Germany-based software company that specializes in business activity monitoring (BAM) in production and logistics, has secured a “significant amount of capital” in its second financing round., a Dresden Germany-based software company that specializes in business activity monitoring (BAM) in production and logistics, has secured a “significant amount of capital” in its Investors include existing shareholders High-Tech Gründerfonds as well as new backers sympasis innovation capital and KfW-Bankengruppe.The company intends to use the funds to further develop its products, expand sales activity and set up a network of distributors.In conjunction with the transaction, the company formed an investors’ advisory board, which is designed to strengthen coordination between the ubigrate management team and the investors.It includes Dr Manfred Spindler, Romy Schnelle (High-Tech Gründerfonds) and Frank Kresse (business angel and investor, sympasis innovation capital GmbH).
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