Valuedesk raises €3.2 million seed financing round
- Valuedesk provides a leading software solution for company-wide savings- and value management.
- UVC Partners and well-known Business Angels lead round.
- Capital for further growth.
Munich, 11.12.2020 – Bielefeld-based Valuedesk receives €3.2 million seed funding round, led by UVC Partners, with the participation of well-known business angels. With this financing round, Valuedesk intends to further accelerate growth and establish the software for structured and company-wide savings- and value management as a market standard. The Valuedesk team allows companies to identify hidden savings potential and provides processes to implement optimization measures in a structured way.
“This substantial investment provides a great opportunity for us. We are currently searching for the best staff and improving technology so that customers worldwide are not able to pass on us. We are convinced that many companies are failing to reach their potential as they are unaware of what they are capable of. We can help the global economy strive for a greater use of its capacity by implementing successful processes that are made here in Germany. Securing more and more jobs is of most importance as we look at the current economic situation,” says Torsten R. Bendlin, CEO Valuedesk GmbH.
“The demand for a cost-conscious mentality plays a tremendous role in the economy. Especially during the corona crisis, many companies lack the possibility to implement optimization measures in a controllable and reliable way. We are convinced that a company-wide standardization of savings management can create a new enterprise software category that provides budget managers with greater transparency and allows better decision-making. We were impressed by the successful implementation of the solution at a broad customer base, and we believe that Valuedesk has a clear chance to become the global market standard for cost optimization.” Says Dr. Ingo Potthoff, Managing Partner at UVC Partners.
“The tools and the user-friendly solutions are what impress me the most about Valuedesk. Easily growing within the company, the solutions from Valuedesk finally create a financially effective way to safely implement transparent optimization measures in companies. I see a great demand for cost optimization and the solutions should not only be applied in Germany, but also worldwide. The team at Valuedesk has proven over the last three years that they have developed a well-established and powerful software solution on the current market.” says Dr. Daniel Holz, one of the new co-shareholders of Valuedesk.
“We have launched a new company-wide savings process in the entire Phoenix Connect world at the hands of Valuedesk. We want to raise indirect savings into EBIT, develop global purchasing as a value driver, and coordinate measures across all locations. Thanks to Valuedesk’s guided savings approach, implementation within the company takes very little required training,” says Markus Brentano, Vice President Corporate Purchase of PHOENIX CONTACT, one of Valuedesk recently added customers.
“We will optimize millions in costs over the next five years working together with Valuedesk. We believe that by networking with our most important suppliers, raising awareness, and developing the personal and systematic skills of our colleagues that this is attainable. A healthy ten percent of our workforce is working collectively on consistently implementing optimization measures on our Valuedesk platform.” Says Kerstin Hochmüller, CEO and shareholder of the Marantec Company Group, another customer.
Valuedesk offers software for structured and company-wide savings- and value management. The solution allows companies to identify hidden savings potential and provides processes to implement optimization measures in a structured way. Founded in 2017 by Torsten Bendlin, Ingo Roßdeutscher and Dennis Cutraro, Valuedesk now employs 17 people in Bielefeld. Valuedesk is one of the most successful startups in the East Westphalia-Lippe region and works with both local heroes and global market leaders together. Primary customers stem from process industries such as mechanical engineering, food, pharmaceuticals, automotive, furniture and the furniture supply industry.
About UVC Partners:
Unternehmertum Venture Capital Partners (UVC Partners) is a Munich- and Berlin-based early-stage venture capital firm that invests in technology-based startups in the areas of industrial technologies, enterprise software and mobility. The fund typically invests between € 0.5 – 3m initially and up to € 12m in total per company.
Portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This cooperation enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. The portfolio includes investments such as FlixBus, Carjump (Free2Move), KONUX, Blickfeld, 3YOURMIND and Vimcar.