Oniq raises 3.5 million euros

With process analysis software, the company aims to make the manufacturing industry more efficient and reduce the carbon footprint of manufactured products.

Oniq raised €3.5 million in its seed funding round. Venture capital funds TechVision Fonds and Coparion invested in the process. With the new funding, the company aims to innovate process management in the manufacturing industry.

The Cologne-based start-up has developed a software solution that analyzes production and logistics processes. This makes it possible to analyze lead times, productivity, quality and CO2 footprint in the value chain and optimize processes. "Our IQ/A software looks in particular at companies' most valuable processes, where even small inefficiencies can quickly cost millions of euros," says Yvonne Therese Mertens, co-founder and CEO. The startup's software is designed to combat these inefficiencies. "The timing for such a solution is optimal, because the industry is under enormous pressure due to the multitude of crises and needs to reduce both costs and CO2 emissions," says Mertens.