SPREAD closes financing round of 16 million US dollars

The Berlin startup SPREAD has secured 15 million euros in its Series A financing round. The round is led by HV Capital with participation from Berlin-based early-stage investor Cavalry Ventures.

SPREAD has developed an "Engineering Intelligence Network" that makes it easier for engineers and technicians to access all relevant product information. This platform networks and analyzes product data in order to create an overall understanding and use resources more efficiently.

The startup's Series A financing round is led by HV Capital and supported by Berlin-based early-stage investor Cavalry Ventures. In addition, well-known angel investors such as the founder of Figma, Dylan Field, the founders of the logistics unicorn Sennder and the founder of the American private equity company Summit Partners, Walter Kortschak, are also participating.

The greatest waste exists where product information is not transparent. Our software networks knowledge from and for engineers

Philipp Noll, Co-Founder and Managing Director of SPREAD

By using the software, one kilogram of cable weight per vehicle could be saved in one use case, which would mean a potential saving of 2.73 billion kilograms of CO₂ with 80 million vehicles produced in 2021. The solution called "Engineering Intelligence Network" is changing the way products are developed, produced and repaired, which is also attracting international interest from various industries. The software enables a holistic understanding of the interaction between the various engineering disciplines and serves as the basis for agile product development.

We are delighted to have HV Capital as a partner at our side. Their expertise and experience will help us with our expansion

Robert Göbel, Managing Director SPREAD

Spread plans to use the investment to further develop the software platform and expand into other markets. The aim of the Berlin-based company is to make complex physical products smarter and more sustainable. It aims to achieve this by combining existing data from different areas of technology to enable improvements across the entire product lifecycle. The funding will also be used to build on the initial successes outside the automotive sector and expand the EIN's reach.