Brandenburg Kapital invests in startup Hello Mateo

Mateo has convinced investors and closed a large financing round. Find out more about the omni-channel communication software that helps companies strengthen their customer loyalty via messenger services.

Berlin, June 6, 2024 - Berlin-based B2B SaaS startup Mateo has closed a successful financing round. The company, which was founded by former SAP employees, has received seven-figure seed funding. Mateo plans to use the fresh capital to drive its expansion in the DACH region and develop further product innovations.

Omni-channel communication software

Mateo offers omni-channel communication software aimed at local brands and companies. The platform makes it possible to map the entire customer journey via messengers such as WhatsApp. Companies can use it to manage marketing campaigns, generate online reviews and improve after-sales service. The aim is to strengthen customer loyalty and make it easier to reactivate existing customers.

Support from investors

The current financing round was led by Brandenburg Kapital, Raakwark Kaptaal and several angel investors. Sebastian Bertram, Investment Manager at Brandenburg Kapital, is convinced: "Mateo's disproportionately high growth over the past year prompted us to participate in this financing round. We are delighted to be able to support the company's development."

Growth and success

Mateo was founded in mid-2021 by Christian Strauch, Domenik Fox and Philipp Steinrötter. Originally, the focus was on the real estate industry. However, over 1000 companies from more than 30 industries now use Mateo's software. This broad use demonstrates the platform's potential and has strengthened investor confidence.

In 2023, Mateo was able to increase its existing customer base fivefold and acquire well-known major customers. These successes laid the foundation for the current financing round and the company's further expansion.

About Brandenburg Kapital

Brandenburg Kapital is a subsidiary of the Investment Bank of the State of Brandenburg (ILB). Since 1993, it has been supporting Brandenburg companies by acquiring shareholdings and investments. The equity fund, which currently comprises around 100 million euros, helps start-ups and small and medium-sized enterprises to strengthen their equity base. The fund is financed by the European Regional Development Fund and ILB's own resources. We first reported on our participation in Seqstant in November 2023.

With a total of eleven funds and a volume of around 325 million euros, Brandenburg Kapital has been able to support around 300 companies over the last 30 years. These funds come from state, EU and KfW funds as well as ILB's own resources. The aim is to promote economic development in Brandenburg and support innovative companies such as Mateo.