Tech company DiaMonTech secures $8 million funding - advizeo assumes control over Comgy - casavi acquires Managbl.AI
In the ever-evolving world of technology, Europe is witnessing a flurry of activity, with several acquisitions and investments shaping the future of various sectors.
Evertrace Expands Horizons with Whisper AI Acquisition
Danish company Evertrace has made a strategic move by acquiring Munich-based startup Whisper AI. The acquisition, which took place in September 20XX, is a key step in Evertrace's wider European and global expansion. Whisper AI, with its strong foothold in the DACH market, will aid Evertrace in its mission as a "detection engine for data-driven VCs."
Comgy's Resurgence and advizeo's Acquisition
In a remarkable turn of events, Comgy, a Berlin-based company specialising in energy data collection for buildings, has been rescued from insolvency by its founding team. Since then, Comgy has focused on the "pure software business and the provision of energy data infrastructure to help the real estate sector decarbonize." Hager Group's subsidiary advizeo has now acquired a 75% stake in Comgy, further strengthening its position in the PropTech sector.
DiaMonTech Secures Funding for Global Expansion
Berlin-based DiaMonTech, a company focusing on non-invasive blood sugar monitoring, has received a significant boost with an investment of 8 million euros from Companisto Business Angel Network and Samsung Next. With this new capital, DiaMonTech aims to enter the European and US markets and secure regulatory approvals. The Moll Family Office also invested a seven-figure sum in DiaMonTech, adding to the over 30 million euros the company has already raised.
Casavi and Managbl.AI Merge for a Stronger PropTech Presence
The Munich-based PropTech company casavi has acquired Berlin-based startup Managbl.AI, which offers AI solutions for property management. Casavi's latest investors include Digital+ Partners, Bayern Kapital, High-Tech Gründerfonds (HTGF), Dürr PropTec, and Wenvest. Managbl.AI's technology will become a central component of the casavi platform in the future. This merger has resulted in casavi generating 8.6 million euros in revenue in 2023, up from 6.2 million in 2022.
Green Club Expands with Heartbeet Acquisition
The Munich-based delivery service Green Club (formerly known as Pottsalat or Make) has acquired Munich-based provider Heartbeet. This acquisition allows Green Club to build on existing structures and merge two concepts with shared values and a similar approach to healthy eating.
The Future of StartUPLAND
Amidst these changes, the tech landscape in Berlin continues to thrive. The second STARTUPLAND event is set to take place on November 5th, promising another day of insightful discussions and networking opportunities.
The Hager Group, a global player in solutions and services for electrical installations in residential, commercial, and industrial buildings, generated 3 billion euros in revenue in 2024. With these acquisitions and investments, the European tech landscape is poised for continued growth and innovation.
Read also:
- Elon Musk accused by Sam Altman of exploiting X for personal gain
- Comparing the value of top electric scooters: Kinetic DX versus Bajaj Chetak versus TVS iQube - Which one offers the best bang for the buck?
- Tech tycoon Elon Musk alleges Apple is preferring OpenAI, sparking potential lawsuits contemplation
- China's Automotive Landscape: Toyota's Innovative Strategy in Self-Driving Vehicles
