Ryte, the Munich-based website quality management platform, has raised €6.5 million to prepare for international expansion. The round was led by Octopus Investments’ Development Capital team, part of Octopus Group, with support from SEK Ventures, the Flixbus founders’ investment firm, as well as Mayflower and some existing shareholders.
Founded in 2012 originally as an SEO tool (Onpage.org), the Munich-based company pivoted in 2017 to become a SaaS tool for website quality. The business was renamed to Ryte and raised a €4.9 million seed round to fuel the new direction.
Today the platform serves about 1,500 clients, including big names such as BMW, Allianz, and Boston Consulting Group.
Co-founder Andy Bruckschlögl commented, “This investment will enable us to pursue our goal of making it simple for anyone worldwide, from global brands to small business owners, to make their website the best it can be.”
Photo: Ryte co-founders Marcus Tandler, Niels Doerje and Andy Bruckschlögl