Qualifyze receives $14 million

The Frankfurt-based start-up has thus successfully concluded its Series A financing round. It was led by the investment firm HV Capital.

Frankfurt-based start-up Qualifyze has raised $14 million in its Series A funding round. In addition to lead investor HV Capital, existing ones such as Cherry Ventures, Rheingau Founders and the joint venture capital firm of Axel Springer and Porsche APX have also given money again.

Qualifyze has set itself the task of declaring war on supply bottlenecks in the pharmaceutical industry. The startup constantly collects data from factories around the world and shares it with their customers. With AI tools, the company wants to detect and solve problems at an early stage. With the help of the investments, Qualifyze wants to increase the number of suppliers tenfold and hire staff in Germany and Spain.

A PhD research at the TU Darmstadt in 2017 had laid the foundation of Qualifyze. The founders' goal is to enable companies to expand and also maintain supply chains more securely and sustainably. Since a seed funding about a year ago, the startup has tripled its revenue and now has over about 400 customers. The team consists of 60 people who work in offices in Frankfurt and Barcelona.