Weekly news week 31 - 2024

Tset closes Series A with 12.7 million euros. Flowers receives 6 million euros. Dagmar Gaede takes over responsibility at Nickel in Germany. Patrick Prügger becomes new CFO at Orcan Energy. Applications open for SevenVentures Pitch Day 2024. Thermondo launches thermondo smart. Leibniz Institute SAFE fills new junior professorship in Sustainable Finance.

Dagmar Gaede takes over responsibility at Nickel in Germany

On July 1, Dagmar Gaede took over operational responsibility at Nickel, an account provider with a Germany-wide network of lottery retail outlets. Gaede comes from the Nexi Group, where she was Head of Growth & Go-To-Market. In her new role, she will drive forward the strategic expansion of Nickel in Germany and establish the brand in the market on a permanent basis. Following the successful brand launch in Germany in 2023, Nickel wants to continue to grow with Gaede's 14 years of experience in the payment segment, including at Paypal. Nickel enables easy access to bank accounts without a SCHUFA check and has over 10,000 stores across Europe.

Tset closes Series A financing round with 12.7 million euros

Tset Software GmbH, a leading provider of software solutions for product cost and emissions calculations, has closed a Series A financing round of 12.7 million euros. The round was led by Carbon Removal Partners, Brose Ventures and Ingenics Holding. With the new financing, Tset plans to expand its market position in North America and Asia and diversify into other industries such as mechanical engineering and household appliances. The company, which was founded in 2018 by Andreas Tsetinis and Sasan Hashemi, employs over 100 developers and industry experts at its locations in Vienna and Kuchl and counts customers such as AGCO, Lego and the BMW Group among its portfolio.

Flowers secures 6 million euros in new financing round

Flowers Software GmbH, a provider of cloud-based software for the automation of workflows and business processes in SMEs, has received 6 million euros in a new financing round. The round was led by Capmont Technology as lead investor, with participation of existing investor LEA Partners as co-lead. The funds will primarily be invested in product development and the expansion of the company's market presence. Flowers currently supports over 500 medium-sized companies in the digitalization and automation of their processes.

Patrick Prügger becomes new CFO at Orcan Energy

Orcan Energy has appointed Patrick Prügger as its new Chief Financial Officer (CFO). With his international experience and extensive expertise in financial management and strategic planning, Prügger will play a central role in the company's growth targets and global expansion. He brings extensive experience from his career at KPMG, Gericom, KTM and most recently as CFO of the B&C Group. Prügger succeeds Marcus Jentsch, who has resigned for personal reasons. Andreas Sichert, CEO of Orcan Energy, and Christian Reitberger, Chairman of the Supervisory Board, praise Prügger for his entrepreneurial thinking and strategic expertise, which should benefit the company in its growth phase. Prügger emphasizes the importance of using waste heat to achieve climate targets and is looking forward to optimizing Orcan Energy's financial processes.

easybill and Taxdoo intensify cooperation

easybill and the Hamburg-based TaxTech company Taxdoo are intensifying their collaboration to offer companies a comprehensive solution for bureaucratic and legal challenges. The new data interface between the two platforms will facilitate the exchange of data and support companies in complying with legal requirements. Dr. Andreas Seifert, CEO of easybill, emphasizes that the partnership is an important step towards expanding B2B SaaS solutions and providing user-friendly, EU-compliant e-invoicing. easybill and Taxdoo have already been working together successfully since 2016, particularly in the area of VAT compliance. The intensified cooperation will allow companies to focus on their core business while both companies cover the bureaucratic hurdles in the background.

Start of applications for SevenVentures Pitch Day 2024

The starting signal for the renowned SevenVentures Pitch Day 2024 has been given! Under the motto "Joyning Your Journey", German and international B2C start-ups can apply until September 12 to win media services worth three million euros. The final of the competition will take place on October 15 as part of the New Com Summit in Munich and will be streamed live on Joyn for the first time from 5 pm. A high-caliber jury consisting of SevenVentures Managing Director Florian Weber, entrepreneur Saliha Özcan and flaconi Managing Director Alexandra Szarmach, among others, will select the winners. Applications can be submitted online as of now.

Thermondo launches intelligent energy management for heat pumps and PV

Thermondo has launched thermondo smart, a new Home Energy Management System (HEMS) that enables homeowners to save up to 4,000 euros in energy costs per year. Developed in collaboration with Swiss technology provider Solar Manager, thermondo smart offers maximum flexibility and compatibility with a wide range of devices. It is available in two versions: The free version enables complete transparency and cost control, while the premium version increases self-consumption of the PV system to up to 80%. By the end of 2024, the system will be expanded to include further optimizations for the heat pump and a dynamic electricity tariff. Thermondo smart optimizes the operation of heat pumps and enables the networking of various household appliances, resulting in considerable cost savings.

Leibniz Institute SAFE fills new junior professorship in Sustainable Finance

The Swiss financial economist and environmental scientist Florian Heeb has been appointed to the Junior Professorship for Sustainable Finance at the Leibniz Institute for Financial Research SAFE in cooperation with Goethe University Frankfurt. The position is funded by a UniCredit Foundation Top-Up Fellowship. Heeb, who was previously a Postdoctoral Associate at the MIT Sloan School of Management, brings extensive expertise in sustainable investments. His research focuses on the real-world impact of sustainable investments and their influence on investor decisions. Heeb is excited to utilize SAFE's interdisciplinary focus to further explore sustainable finance. Florian Heider, Scientific Director of SAFE, emphasizes the enrichment of Heeb's arrival. Heeb's research is widely recognized, including his most cited work in the journal Organization & Environment. In addition to his academic work, Heeb also has practical experience, for example as COO at South Pole and as a board member at ESG-AM.