Bayern Kapital and investors invest in Appnavi

Appnavi successfully closes a financing round with Bayern Kapital and private investors. The programming start-up wants to grow further with the money.

Being guided step by step through new software, programs and updates is what Appnavi makes possible with its "Digital Adoption Platform". Now the Munich-based start-up is getting support from Bayern Kapital, the venture capital company of the Free State of Bavaria, and private investors from the BayStartUP investor network. The amount of the investment is not known.

"Thanks to the partnership with Bayern Kapital and the investors from the BayStartUP investor network, we want to accelerate our growth," says Appnavi founder Carsten Neumann about the use of the funding. Founded in 2017, the start-up helps companies train their employees on new programs or newly added functions. This not only saves training, but also money. In addition, recurring tasks can be handed over to Appnavi, and the step-by-step help can be translated into 29 languages at the touch of a button, making it usable for companies internationally.

Bayern-Kapital Managing Director Georg Ried also sees the advantages: "The working world is becoming increasingly digital. But for enterprise software to really help increase efficiency, it has to bring tangible added value to users and make employees' everyday lives easier." And further: "We are therefore happy to support AppNavi with our investment to drive the company's growth."

Private investors in the investment in Appnavi are former Telegate CEO Andreas Albath and Achim Lederle, who is Managing Partner at Quantum Partners, as well as itec systems AG. They all belong to the BayStartUP network, in which start-ups can get in touch with over 300 business angels and 150 institutional investors.