In addition to Bayern Kapital, the existing shareholders and two new investors, including the venture capital arm of mgo Mediengruppe Oberfranken, participated in Samdock's seven-figure financing round. Samdock offers a cloud-based software-as-a-service solution that enables small and medium-sized enterprises to digitize and automate business processes in sales, marketing, and customer service within a single, end-to-end system.
“Samdock has a lot of potential”
The Munich-based company intends to invest the fresh funds in the technical development of the product, the expansion of the range of functions and the expansion of sales. Alexander Woelke, CEO of Samdock, says:
"Well-connected, industry-experienced partners are enormously helpful, especially for emerging software companies. We are therefore pleased that, in addition to Bayern Kapital and our existing shareholders, we have been able to attract two additional capital-strong investors for our Series A2 financing round."
Frank Rauscher, authorized signatory of the venture division of mgo Mediengruppe Oberfranken, says:
"Samdock has great potential and offers precisely the solutions that – according to our evaluations – are being sought by regional SMEs to successfully master digital transformation. Through mgo's diverse, particularly digital, business units, we have broad networking and, in some cases, long-term partnerships with precisely these SMEs. The investment in Samdock can therefore become a real interface for growth and the utilization of synergies."
Roman Huber, Managing Director of Bavaria Capital, says:
"Digitalization is still in full swing in Germany. Many small and medium-sized companies with a strong customer focus still have some catching up to do. We therefore see great potential in Samdock's practical software to enable small and medium-sized companies to take the step toward digitalization with an easy-to-understand and scalable solution."
