Qualifyze receives 14 million US dollars

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

The Frankfurt-based start-up Qualifyze has raised 14 million US dollars in its Series A financing round. In addition to main investor HV Capital, existing investors such as Cherry Ventures, Rheingau Founders and the joint venture capital firm of Axel Springer and Porsche APX also provided further funding.

Qualifyze has set itself the task of fighting supply bottlenecks in the pharmaceutical industry. The start-up constantly collects data from factories around the world and shares it with its customers. The company wants to use AI tools to detect and solve problems at an early stage. Qualifyze wants to use the investment to increase the number of suppliers tenfold and hire staff in Germany and Spain.

Doctoral research at TU Darmstadt in 2017 laid the foundation for Qualifyze. The founders' aim is to enable companies to expand and maintain supply chains more securely and sustainably. Since receiving seed funding around a year ago, the start-up has tripled its turnover and now has around 400 customers. The team consists of 60 people who work in offices in Frankfurt and Barcelona.