Oniq raises 3.5 million euros

With its process analysis software, the company aims to make the manufacturing industry more efficient and reduce the carbon footprint of manufactured products.

Oniq was able to raise 3.5 million euros in its seed financing round. The venture capital funds TechVision Fonds and Coparion invested in this round. The company intends to use the new financing to innovate process management in the manufacturing industry.

The Cologne-based start-up has developed a software solution that analyzes production and logistics processes. This enables throughput times, productivity, quality and the CO2 footprint in the value chain to be analyzed and processes to be optimized. "Our IQ/A software looks in particular at companies' most valuable processes, where even small inefficiencies can quickly cost millions of euros," says Yvonne Therese Mertens, co-founder and CEO. The start-up's software is designed to tackle these inefficiencies. "The timing for such a solution is ideal, because the industry is under enormous pressure due to the large number of crises and needs to reduce both costs and CO2 emissions," says Mertens.