News

Batch #10 Demo Day Brings Startup Community Together in Munich

Yesterday, the final and concluding event of the TechFounders Batch #10, the Demo Day, took place at the event location „Hoch5“ in Munich. The event brought together more than 200 people from the startup ecosystem, including venture capitalists, business angels, corporates, startups, startup coaches and mentors as well as innovation and digitalization experts from all kinds of industries.

First, the ten startups of Batch #10 presented their innovative products and solutions. (find out more about Batch #10 here )

After the startup pitches, Prof. Dr. Dr. Ann-Kristin Achleitner (Professor at TUM School of Management), Dr. Gregor Matthies (Venture Partner Earlybird / Senior Advisor Bain & Company), Andreas Kunze (CEO & Co-Founder of Konux) and Kristina Bell (Group Buying Director, ALDI SÜD) discussed how to better advance innovation through collaboration.

Many thanks to our great startups – it was a huge blast to have you in our tenth batch – and to our panelists, who made time in their busy schedule to participate in the event!

Alumni Startup Ultimate.ai raises $6.5M

We are very proud of our alumni startup Ultimate.ai from Batch #9 which just raised $6.5M in its recent funding round.

The round is led by the company’s existing investors, HV Holtzbrinck Ventures and Maki.vc. In addition, the EU granted research funding as part of Horizon 2020, a programme committed to backing Europe’s leading deep technology businesses.

ultimate.ai’s European founding story has given it a technical advantage in the market, attracting EU interest and prompting existing investors to double down. Founded in Finland, the business faced a defining challenge: there was no AI technology capable of handling the complex Finnish language. Leveraging recent breakthroughs in deep learning, the founders built the leading fully-language agnostic AI platform for customer service. Today ultimate.ai provides its multilingual customer service automation to multinational enterprises including Telia, ADAC and Finnair.

Congrats to the whole team!

W&V Green Marketing Day

On October 31, 2019, our COO Miki Yokoyama shared our experience and thoughts at the W&V Green Marketing Day in Munich on supporting startups and ALDI SÜD and ALDI Nord to reduce packaging waste and scale sustainable solutions with the TechFounders Accelerator Program! Click below to see a few impressions of the conference and our panel.

TechFounders Alumni Startup Remberg receives €2M funding

Remberg Gründerteam

We are very proud to announce the seed round of our alumni startup Remberg who have secured a €2M funding round, led by Fly Ventures and Speedinvest. It is a great milestone for the entire Remberg team, but only the beginning of a long journey to digitize services in the industrial world with their asset-relationship management system. Congrats, Remberg team!

 

TechFounders @ Bits&Pretzels

In the past years, Bits & Pretzels has made its name as one of the most important startup conferences in Germany – so we couldn’t miss it! It’s been three inspiring and fun conference days, with lots of interesting talks, discussions, innovative new ideas, and of course, beer & pretzels! Here are some impressions of the past three days. Thanks to three amazing hosts, Felix Haas (TechFounders mentor since day 1!), Bernd Storm van Gravesande and Andreas Bruckschlögl!

McKinsey & Company joins TechFounders as a knowledge and network partner

We are very excited to announce that McKinsey & Company, one of the world’s leading management consulting firms, joins the TechFounders Accelerator Program as a knowledge and network partner. McKinsey will support TechFounders startups in joint workshops to solve critical business challenges. Through the partnership, founders will be able to leverage the consultants’ unique network and industry expertise, while McKinsey gets firsthand insights from the most innovative tech-startups.

Who we are:

TechFounders is a 20-week international accelerator program for B2B tech-startups based in Munich. It consists of two parts: A pilot project with a corporate partner and high-quality coaching from experienced experts to help the startups reach the next level. Leading corporates engage with TechFounders to find and collaborate with the most promising startups in their respective industry.

Who is McKinsey:

McKinsey & Company is the leading management consultancy for top management worldwide. McKinsey supports companies and institutions from the private, public and social sectors in their most important changes, for example in the areas of strategy, risk management, technology and innovation, sales, marketing or process optimization.

Fuel Ignition is McKinsey’s network for founders through which selected startups get access to industry knowledge, coaching, networking, and moderated strategy discussions. This offering now exists in 40+ cities around the globe, covering some of the world’s major startup-hubs, such as Munich.

Inveox received an investment of €17M

Congrats to our alumni startup of batch #5! inveox closed their third financing round with €17m. With its largest investment so far, the Munich startup will begin the series-level production of their AI-supported automation system in order to make cancer diagnoses faster and more reliable.
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For more information click here: https://bit.ly/2YNip9C

What an exciting kick-off event!

Our 10 new startups have pitched for the first time in front of investors, mentors, and representatives of our corporate partners and other companies. The teams clearly impressed our guests – well done! But we also see lots of potentials to improve 😉 So now it’s time to make the pitch even better until Demo Day in November. We are looking forward to working together with them over the next 20 weeks!

 

The start of batch #10!

We welcome our 10 new startups of Batch #10!

After an intro session and an office tour, we went on an exciting scavenger hunt through downtown Munich. Later on, our startups met some of our TechFounders alumni while enjoying some good bavarian food and drinks 🍻🥨🍛
Here are some impressions of the start of Batch #10!

Here you find our press release to batch #10 with more information about the current startups and TechFounders:
https://bit.ly/2xOeIBy