FireStart raises €4 million to ready its BPM software suite for the 'age of hyper-automation'

Funding Rounds

▤ Summary

Linz, Austria-based low-code automation software maker FireStart has secured €4 million in Series A funding from VC firms Paua Ventures (Berlin) and Capital300 (Vienna). It has also brought on board a trio of notable angel investors: Charlie Songhurst, the former head of strategy for Microsoft, Dr. Paul Achleitner, the former Chairman of the Supervisory Board of Deutsche Bank, and German economist Ann-Kristin Achleitner. Founded back in 2008, FireStart offers a business process management (BPM) software suite that enables companies to digitise and automate their internal processes – such as invoice verification, employee on-boarding, budgeting or product development – and workflow. Said Georg Stockinger, a partner at Paua Ventures: “We invested in FireStart because it is one of the few European players with a product and approach of global relevance that will also be successful in the USA. There are plenty of low-code automation solutions on the market and we look at more than 3,000 potential Enterprise Software and Deep-Tech investments every year.

$ Funding

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Amount $4.5M Total raised
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Date June 25, 2020 Announcement date
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Investors Paua Ventures Lead investors
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Company http://www.firestart.com Funded company

▥ Classifications

industries
No industries detected
applications
Business Planning / Continuity

◇ AskAI Classifications

Labels
Business Process Management Process Automation Software as a Service

▦ Linked Companies

FireStart
$1M to $5M