Yptokey realizes first financing round

The software start-up wants to use this to advance the development of its products.

Berlin-based start-up Yptkokey has successfully closed its first round of funding. According to the report, Totara Investment Club and IBB Ventures, a subsidiary of the Berlin Investment Bank, have invested in the start-up. Yptokey did not disclose how high the sum was.

Yptokey offers a software solution for digital access to buildings and vehicles. The smartphone acts as a key in the process. "We are seeing an ever-increasing demand for mobile access solutions across all property types," Matthias Fuchs, a partner at the investment club's managing member, Kauri CAB Group, said in a statement. "Yptokey is actively shaping this change by targeting decentralized technologies to serve current and future customer needs."

Yptokey was founded in 2018 as a spin-off of automotive supplier Hella. "We will use the investment to strengthen our development team and pursue our vision - we have already advertised the first positions for this purpose," says co-founder and CEO Tobias Rasche.

Like it? Please spread the word:


Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Startup 2018 Berlin YPTOKEY YPTOKEY has developed the perfect decentralised network solution for access rights.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts