Futury Capital invests in Digital Spine

Berlin-based startup Digital Spine receives funding from Futury Capital to drive the digitization of the elevator industry and smart buildings.

Berlin - Digital Spine, which specializes in elevator maintenance, has received additional funding from Futury Capital. The Frankfurt-based venture capitalist thus joins the ranks of well-known investors, including Join Capital, Phoenix Contact Innovation Ventures and Aurum Private Equity. Nothing has been publicly disclosed about the exact size of the funding.

I am very pleased to welcome Futury Capital as another investor. I strongly believe that they will be able to support Digital Spine in cooperation with the existing investors.

Simon Vestner, Founder and CEO Digital Spine

Digital Spine GmbH plans to use the fresh capital to drive digital transformation and automation in the elevator industry and smart buildings. The goal is to further expand the company's market position in the DACH region. According to the company, the digitization of elevators plays a crucial role in the digital connection of other building components.

Digital Spine was able to win several industry leaders as customers to fully digitize their elevator systems.

Jochen Herdrich, Managing Director Futury Capital

With the startup's elevator hero box, predictions of possible elevator malfunctions are possible. This leads to reduced maintenance costs and improves the accessibility of elevators for their customers. By using AI algorithms, the company can process large amounts of data in real time to gain meaningful insights and make informed decisions. Digital Spine offers companies the opportunity to improve operational efficiency, reduce costs, and use resources more effectively.

Futury Capital

Futury Capital, a German-based venture capital firm, focuses on funding technology companies with high growth potential at all stages of development. Backed by various limited partners, including the state of Hesse and major international companies, the firm provides strategic and operational support for its portfolio. Its two funds target different stages of growth, with the early-stage fund targeting technology startups globally and the growth-stage fund focusing on Series A through Series C companies. Futury Capital's portfolio includes globally scalable business models in various technology sectors.