Futury Capital invests in Digital Spine

Berlin-based startup Digital Spine receives funding from Futury Capital to drive the digitalization of the elevator industry and smart buildings.

Berlin - Digital Spine, which specializes in the maintenance of elevators, has received additional financing from Futury Capital. The Frankfurt-based venture capitalist joins the ranks of well-known investors, including Join Capital, Phoenix Contact Innovation Ventures and Aurum Private Equity. The exact scope of the financing has not been made public.

I am very pleased to welcome Futury Capital as another investor. I firmly believe that together with the existing investors they will be able to support Digital Spine in this endeavor

Simon Vestner, Founder and CEO Digital Spine

Digital Spine GmbH plans to use the fresh capital to drive digital transformation and automation in the elevator industry and the smart building sector. The aim is to further expand the company's market position in the DACH region. According to the company, the digitalization of elevators plays a crucial role in the digital connection of other building components.

Digital Spine has won several industry leaders as customers to fully digitalize their elevator systems.

Jochen Herdrich, Managing Director Futury Capital

The startup's elevator hero box makes it possible to predict possible elevator malfunctions. This leads to reduced maintenance costs and improves the accessibility of elevators for their customers. By using AI algorithms, the company can process large amounts of data in real time to gain meaningful insights and make informed decisions. Digital Spine offers companies the opportunity to improve operational efficiency, reduce costs and utilize resources more effectively.

Futury Capital

Futury Capital is a German-based venture capital firm focused on supporting technology companies with high growth potential at all stages of development. With the support of various limited partners, including the state of Hesse and major international companies, the company provides strategic and operational support for its portfolio. Its two funds target different stages of growth, with the early-stage fund targeting technology start-ups globally and the growth-stage fund focusing on Series A to Series C companies. Futury Capital's portfolio comprises globally scalable business models in various technology sectors.