1.5 million Euro pre-seed investment for DYNO

The Offenburg-based startup DYNO secures 1.5 million euros in a pre-seed round to digitize company pension plans. Investors such as 468 Capital and LEA Partners support the company on its way.

Offenburg, October 10, 2023 - Offenburg-based startup DYNO has successfully raised €1.5 million in a pre-seed investment round. The funds will be invested in the further development of their product.

The main investors in this round are 468 Capital and LEA Partners, with support from Mätch VC. Also involved are experienced founders and business angels such as Martin Trenkle (Workwise), Fabian Silberer and Marco Reinbold (sevDesk), and Christoph Zöller (Instaffo).

We set out to close the pension gap for millions of employees. With the fresh funds, we can take the next step on this journey

DYNO Co-Founder Marc Karkossa

DYNO, founded by Marc Karkossa, Luis Weber and Peter Sutter, aims to digitize company pension plans to help fight retirement poverty. The conventional manual administration of company pensions causes companies high costs and time investments. Employees often receive low returns due to high broker commissions and face pension gaps despite regular payments.

I have had the privilege of supporting strong B2B software companies such as sevDesk and Flip. With DYNO we see similar potential.

Bernhard Janke, Partner at 468 Capital

DYNO offers a solution that reduces manual administrative processes for companies by 91%. In addition, their contracts are commission-free, giving employees the opportunity to earn up to €60,000 more in pension. On the DYNO website, interested parties can perform a free contract check and optimize their company pension.

In light of the worsening problems of pension provision, it has become apparent that neither mediation nor previous attempts at digitalization provide satisfactory solutions. DYNO's software is already helping overburdened employers overcome administrative hurdles

Alexi Malikotsinas of LEA Partners

Founded in 2021 in Offenburg, Germany, DYNO excels at avoiding high broker commissions, which allows them to offer bAV contracts at more favorable rates. Companies benefit from a software solution that reduces their time by up to 90%. The company has already won a considerable number of medium-sized companies and startups as customers.

With the successful pre-seed funding round, DYNO is well positioned to improve corporate pension plans and address retirement poverty. The company currently employs 10 people and has a list of mid-sized companies and startups as customers.

The investors, led by 468 Capital and LEA Partners, highlight DYNO's potential. 468 Capital is a technology VC with a global focus, while LEA Partners supports B2B tech companies at various stages of development.