Strikes, natural catastrophes, or company insolvency - there are many risks lurking in the supply chain of the global economy. To ensure that supply chains run smoothly, the Munich startup Riskmethods carries out risk analyses and warns its customers, for example, of impending supply bottlenecks.
The company has just completed a €13.5 million round led by the Digital Growth Fund, with participation from Bayern Kapital and existing investors Senevo Capital and EQT Ventures.
Riskmethods provides an SaaS solution that identifies, assesses and manages the risks of a global supply chain. This solution enables companies to protect themselves against loss of sales, loss of production, and possible damage to their reputation.
The company had previously raised €6 million in February 2016, which it used to expand operations into the US.
Now, "A double-digit percentage of our sales come from the US," said founder Rolf Zimmer, as reported by Grunderszene. The new investment capital is now to be "massively" invested in the product and new functions. The company also plans to spend more on marketing, so that its market share in Europe and the USA continues to grow.
Read more: Grunderszene (German)