Ryte receives €6.5 million
SaaS start-up Ryte receives millions in funding. This will be used to drive international expansion.
Ryte, a website quality management provider based in Munich, Germany, is getting a €6.5 million investment. The money comes from Octopus Ventures, part of the Octopus Group. Other investors include SEK Ventures, Mayflower and some existing shareholders, including Saas specialist Senovo and PD Ventures.
"The website quality management space is a fast-growing market with compelling growth drivers on the part of user experience and legislation," said Octopus investor Richard Court. "The quality of the product and expertise in website optimization and SEO domains positions Ryte as an excellent choice for businesses."
Ryte was founded in 2012 as an SEO tool. In 2016, the company was repositioned and has been taking care of quality management ever since. So far, the startup has more than 1,500 customers, including BMW, Allianz and Boston Consulting Group.
"This investment will help us make website optimization easier for all companies and fulfill our promise that websites become the best possible version of themselves," says CEO and co-founder Andreas Bruckschlögl. Ryte plans to use the investment to develop new products and drive internationalization.
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Investor
2009
Augsburg
pd ventures
Corporate venture capital company of the Mediengruppe Pressedruck with focus on start-ups in the growth phase in the area of web services, internet and mobile applications.
Investor
2016
München
Startup
2012
München
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