New investors for Polyteia

The start-up Polyteia wants to merge data from individual authorities. The idea has now convinced Dieter von Holtzbrinck Ventures and Bool Capital as investors.

In the seed financing round, Polyteia has secured two important investors. Dieter von Holtzbrinck (DvH) Ventures said it has invested a double-digit million contribution in the start-up. The family office Bool Capital of Hendrik Hofstadt, Leopold Schnabel and Valentin von Albrecht also participated.

"With DvH Ventures and Bool Capital, we have gained strong partners who will support us with capital, reach and technical expertise to further expand our platform and make it available to other countries in Europe," says founder and CEO Faruk Tuncer. DvH Ventures is also positive about the startup's future. "The increasing staff shortage in public administration, as well as broad-based EU data protection directives and digitization strategies, are a favorable environment for Polyteia to expand rapidly across Europe," says Peter Richarz, manager at DvH Ventures.

Polyteia has developed a control platform that bundles and processes data from various authorities. This allows municipalities and federal states to see all relevant data at a glance and make decisions faster. So far, the start-up's platform is being used in the German cities of Solingen and Goslar, in the German state of Berlin and in Schleswig-Holstein.