Press Release CONWEAVER GmbH Continues to Grow: Second Round of Financing Finalized with Schefter Capital, High-Tech Gründerfonds, and Fraunhofer Venture
Bonn Investor Supports Development of Darmstadt Software Provider Starting September – Goal Is Establishment in Billion Dollar Product Lifecycle Management (PLM) Market.
Along with High-Tech Gründerfonds (HTGF) and Fraunhofer Venture, Dr. Martin U. Schefter is stepping in with his holding company Schefter Capital GmbH in the second round of financing for CONWEAVER GmbH.
Dr. Schefter, an electrical engineering PhD, will use his experience as entrepreneur, management consultant, and CEO of international companies to support CONWEAVER in operational and strategic issues as well as in business development. The team he will be assisting is headed by the company’s two founders and chief officers, Dr. Thomas Kamps (CEO) and Richard Stenzel (CTO).
CONWEAVER develops and markets solutions for dynamically linking company data across system, language, and process borders. Users can thus quickly and easily access complete, context-based, and up-to-date information that could otherwise be gained only with difficulty, inconveniently, and in fragments, or with an enormous expenditure of personal time and effort searching. CONWEAVER will use the financing amount of just under seven digits to continue to expand and build up growth-oriented structures.
Dr. Kamps finds the cooperative effort very promising and expects far-reaching synergy and stimulus effects: “Martin Schefter’s expertise in daily business and his absolute will to proactively implement forward-looking IT trends create excellent conditions for bringing CONWEAVER further ahead, especially in the automotive and engineering areas. After gaining General Motors (GM) and Bilfinger Berger SE as references, we’re now in the process of convincing further major industrial clients of our progressive solution approach. It allows manufacturers to gain the best possible overview of their differentiated product development and production processes in the context of Product Lifecycle Management (PLM), and thus to render complex procedures easy to follow and traceable.”
CONWEAVER plans to continue to establish itself and its tools for sustainable optimization not only in these focused industries. “We see giant potential for growth and prospects especially in the area of intelligent data integration and logistics. That’s why our new partner supports not only our joint plan of establishing CONWEAVER as a flexible PLM solution provider for innovation- and technology-driven product manufacturers, but of setting us up successfully in other company processes such as supply chain management, customer relationship management, or M&A as well,” says Mr. Stenzel.
Dr. Schefter is enthusiastic about the CONWEAVER product suite: “Companies can use it to build upon their current data sources – without needing to change their established working procedures and IT infrastructure. In contrast to multi-year master data management projects, CONWEAVER takes only a few months to give them solutions that can be configured to meet their individual needs, enable quick and simple key data evaluations, and aggregate and display significant research results. With automatic data networking, CONWEAVER offers a very high-performance product that allows an overview of very complex business processes with only a few clicks, and that is capable of adjusting itself dynamically to the constantly changing company database with minimal administrative effort. This represents an immense benefit for large business organizations and globally active corporate groups with heterogeneous data landscapes.”
About CONWEAVER GmbH:
CONWEAVER GmbH, an independent Fraunhofer spin-off since 2007, develops and markets (software) solutions for dynamically linking company data across system, language, and process borders. This approach to data analysis, unique in the world, automatically creates knowledge networks from organized and unorganized data. This enables a new dimension of data transparency, reduction of complexity, and thus accelerated information exchange. A groundbreaking data networking machine, CONWEAVER delivers meaningful company-wide knowledge at the press of a button – well-organized, multilingual, always up-to-date, and in the respective (inquiry) context.
Dr. Thomas Kamps
64283 Darmstadt, Germany
About Schefter Capital GmbH:
Schefter Capital GmbH invests primarily in companies with a technology background in various phases (start-up, growth, realignment). In addition to the pure shareholding relationship, the companies are also given support regarding operative and strategic issues.
Schefter Capital GmbH
Dr. Martin U. Schefter
53173 Bonn, Germany
Tel.: + 49 228 / 92399053
Fax: +49 228 / 92399054
About Fraunhofer Venture:
Fraunhofer Venture, formed in 1999, sees itself as a partner for founders, start-ups, and Fraunhofer Institutes as well as for industry and capital providers. It offers young companies from the Fraunhofer environment the opportunity to establish themselves and their products on the market quicker and better through access to Fraunhofer technologies, infrastructure, and know-how with over 5,200 patent families. The service spectrum includes formation, technology transfer, financing, and shareholding management.
80686 Munich, Germany
Tel.: + 49 89 / 1205 4519
Fax: + 49 89 / 1205 7552
About High-Tech Gründerfonds:
High-Tech Gründerfonds invests risk capital in young, high-opportunity technology companies that turn promising research results into business ideas. The seed financing is to help the startups develop their technological innovations further to the creation of a prototype or proof of concept, or on to market introduction. The funding share is initially €500,000; up to a total of €2 million is available per company. Investors in the public-private partnership include the German Federal Ministry of Economics and Technology, the KfW Banking Group, and 14 industrial companies: ALTANA, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Qiagen, RWE Innogy, SAP, Tengelmann, and Carl Zeiss. High-Tech Gründerfonds has total available funds of €565.5 million (€272 million in Fund I and €293.5 million in Fund II).
High-Tech Gründerfonds Management GmbH
53113 Bonn, Germany
Tel: + 49 228 / 823001-00
Fax: + 49 228 / 823000-50