Bayern Kapital is investing in Ryte with the Bavarian Growth Fund. With the investment of the venture capital company of the Free State of Bavaria, Serie A round The Munich-based company has now completed SEO tool for website optimization. The Munich-based company's more than 1,500 customers include BMW, Allianz, Daimler, and Sixt. With the new funding, Ryte plans to further expand its team and improve the platform. Until 2017, the company operated under the name Onpage.org. Ryte-CEO Andreas Bruckschlögl says:
"Since both the company Ryte and my personal roots are in Bavaria, I am very proud that Bayern Kapital has placed its trust in our team and our product. Bayern Kapital has excellent connections in the venture capital and tech scene and has years of experience in financing growth companies. With the additional funds, we are moving a step closer to our stated goal of helping brands worldwide ensure an excellent user experience for their websites."
“Ryte enjoys an excellent reputation”
The performance of websites is playing an increasingly important role in business success, Roman Huber, Managing Director of Bayern Kapital:
"Ryte enjoys an excellent reputation in the rapidly growing field of website quality management and user experience. Thanks to innovative technology and high-caliber collaborations, the company is well-positioned for long-term growth – we look forward to supporting Ryte's continued development."
Bavaria's Minister of Economic Affairs Hubert Aiwanger points out the importance of startups for Bavaria:
"Especially during the growth phase, young companies need sufficient venture capital to successfully establish themselves in the market. With the Bavarian Growth Fund, we support fast-growing, local tech startups in scaling their business models. In this way, we secure the long-term innovative strength of Bavaria as a business location and open up new employment prospects. This is no different in this case: In Munich alone, Ryte has created almost 100 jobs to date."
