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Multi-million investment for Talpasolutions

The Essen-based tech start-up Talpasolutions receives 4.5 million euros. One of the new investors is NRW-Bank.

Tom Schmidtgen · Stuttgart, 22. December 2020

Multi-million investment for Talpasolutions — Sebastian Kowitz (CEO, l.) und Philipp Lorenz (CFO) leiten das Bergbau-Start-up. (Foto: Talpasolutions)

The Essen-based tech start-up Talpasolutions receives 4.5 million euros. NRW Bank is one of the new investors.

The mining software company Talpasolutions has raised 4.5 million euros in Series A investment. The money comes from the venture capital fund F-LOG Ventures and NRW.BANK. High-Tech Gründerfonds and Gründerfonds Ruhr have invested again. The aim is to drive further expansion in the mining, construction and logistics sectors. "Thanks to the investment, we are going full throttle into new sectors," says co-founder and CEO Sebastian-Friedrich Kowitz.

Talpasolutions offers software solutions for the mining industry. Among other things, the start-up networks machines and evaluates the data. The aim is to increase safety and optimize machine usage. "The data generated by the industry is not yet being used holistically," says investor Tim Gudelj from F-LOG Ventures. "We are observing how other industries are benefiting from the implementation of big data analytics and AI software." This should now also succeed in mining.

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High-Tech Gründerfonds

Investor 2005 Bonn High-Tech Gründerfonds HTGF is one of the leading and most active early-stage investors in Germany and Europe.

Investor 2018 Greven F-LOG Ventures Venture capital firm focused on seed or Series A stage startups in the logistics space.

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