{"id":28314,"date":"2017-09-24T11:08:52","date_gmt":"2017-09-24T09:08:52","guid":{"rendered":"http:\/\/cms.munich-startup.net\/?p=28314"},"modified":"2018-06-11T15:06:46","modified_gmt":"2018-06-11T13:06:46","slug":"ryte-financing","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/28314\/ryte-financing\/","title":{"rendered":"3.1 million Euro investment for Ryte"},"content":{"rendered":"<div class=\"entry-content\"><p><strong>The Munich-based technology company <a href=\"\/en\/ecosystem\/ryte\/\" target=\"_blank\" rel=\"noopener\">Ryte<\/a> obtains financial support from investors: Invest a total of 3.1 million euros <a href=\"\/en\/ecosystem\/senovo\/\">Senovo<\/a>, Surplus Invest and pd ventures in the software company. This was announced by Andreas Bruckschl\u00f6gl during his keynote speech at the opening of this year&#039;s <a href=\"\/en\/27843\/bits-pretzels-2017-highlights-and-more\/\">Bits &amp; Pretzels<\/a> Founder Festivals.<\/strong><\/p>\n<p>Ryte \u2014 <a href=\"\/en\/25910\/onpage-becomes-ryte\/\" target=\"_blank\" rel=\"noopener\">formerly\u200b \u200bOnPage.org<\/a> \u2014 was previously completely self-financed. Now, investors Senovo, Surplus Invest, and pd ventures are on board, thanks in part to the active support of the Bavarian financing network.\u00a0 <a href=\"\/en\/ecosystem\/baystartup\/\" target=\"_blank\" rel=\"noopener\">BayStartUP.<\/a>\u00a0 The investments are intended to further fuel the growth of Ryte.<\/p>\n<p>The Munich-based tech startup is also excited about the synergies created by the investor group&#039;s international experience in technology and innovation management: Senovo, as lead investor, brings expertise in building and scaling B2B SaaS companies. Surplus Invest also invests in B2B SaaS business models. pd ventures focuses particularly on media-related startups with innovative business models.<\/p>\n<h3>Solid financial foundation for more growth<\/h3>\n<p>The founders of Ryte <strong>Andreas Bruckschl\u00f6gl, Marcus Tandler<\/strong> and <strong>Niels D\u00f6rje<\/strong> on the first financing round:<\/p>\n<blockquote><p>\u201cWe are very pleased that we have been able to attract three very experienced investors with this investor group.<\/p>\n<p>It was important to us that an investment would provide us with a solid financial foundation for our desired growth and, at the same time, find investors with extensive expertise in successfully building sustainable companies.&quot;<\/p><\/blockquote>\n<p>With this investment, managing directors Marcus Tandler and Andreas Bruckschl\u00f6gl primarily aim to significantly improve and further develop their products. Furthermore, they intend to further advance the internationalization process that has already begun.<\/p>\n<blockquote><p>\u201cAfter rebranding and realigning our brand, the next logical step was to bring on board professional and financial support from investors in order to position ourselves strongly internationally and grow even further.\u201d<\/p><\/blockquote>\n<p>explained <strong>Marcus Tandler<\/strong>, founder and managing director of Ryte.<\/p>\n<h3>\u201cExcellent basis for developing a strong brand\u201d<\/h3>\n<p>In addition to the business model, the lead investor Senovo was particularly impressed by the team and the tech company&#039;s previous performance.<\/p>\n<blockquote><p>&quot;The company helps business owners and marketers advance their digital businesses while simultaneously distinguishing themselves with a distinctive style. An excellent foundation for building a strong brand that aspires to future global market leadership.&quot;<\/p><\/blockquote>\n<p>explained <strong>Markus Grundmann<\/strong> \u200bby\u200b \u200bSenovo\u200b.<\/p>\n<p>With an increase of currently approximately 600 new users per day, the young company is on the right track.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Munich-based technology company Ryte is securing financial support from investors: Senovo, Surplus Invest, and pd ventures are investing a total of \u20ac3.1 million in the software company. Andreas Bruckschl\u00f6gl announced this during his keynote speech at the opening of this year&#039;s Bits &amp; Pretzels Founders Festival. Ryte \u2014 formerly OnPage.org \u2014 was previously entirely self-financed. \u2026<\/p>","protected":false},"author":22,"featured_media":28327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,2629,246],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3,1 Mio. Euro Investment f\u00fcr Ryte - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das M\u00fcnchner Tech-Unternehmen Ryte erh\u00e4lt eine Finanzierung von insgesamt 3,1 Mio. Euro. Damit baut das Software-Startup sein Produkt aus und expandiert.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/28314\/ryte-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3,1 Mio. Euro Investment f\u00fcr Ryte - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Das M\u00fcnchner Tech-Unternehmen Ryte erh\u00e4lt eine Finanzierung von insgesamt 3,1 Mio. Euro. 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