{"id":44601,"date":"2019-01-29T09:28:11","date_gmt":"2019-01-29T08:28:11","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=44601"},"modified":"2019-01-29T09:13:33","modified_gmt":"2019-01-29T08:13:33","slug":"banovo-investment","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/44601\/banovo-investment\/","title":{"rendered":"Banovo: Investment for bathroom renovation startups"},"content":{"rendered":"<div class=\"entry-content\"><p><strong>The Munich-based startup Banovo has completed a \u20ac1.3 million financing round. The company now has a total of \u20ac6 million in funding. The round was led by HW Capital.<\/strong><\/p>\n<p>Banovo was founded in 2015 by former Bain consultants Mareike W\u00e4chter and Michael Dreimann. According to the startup, it handles 120 bathroom renovations per quarter. In 2018, revenue amounted to \u20ac6 million. The young company is currently growing at around 100 percent per year and has 75 employees.\u00a0<a href=\"\/en\/40347\/banovo-cooperates-with-tchibo\/\">With the Hamburg-based Tchibo Group<\/a>\u00a0The Munich-based company maintains a distribution partnership.<\/p>\n<h3>\u201cBathroom renovation can be done differently\u201d<\/h3>\n<p>Customers can plan their bathroom renovations with Banovo from home in 3D. The work is carried out from a single source and at a fixed price.<\/p>\n<blockquote><p>&quot;With our business model, we prove that bathroom renovation can be done differently. This saves our customers time, stress, and money,&quot;<\/p><\/blockquote>\n<p>says company founder <strong>Mareike W\u00e4chter<\/strong>.<\/p>\n<blockquote><p>\u201cWe rely on an innovative approach to planning and digital support along the entire process chain, from customer acquisition to acceptance.\u201d<\/p><\/blockquote>\n<p>Through the continuous development of the software, the startup can not only optimize the quality of the planning, construction preparation, and execution processes, but also increase efficiency and deliver the same high quality throughout Germany, says W\u00e4chter. The investor <strong>Robert Haselsteiner<\/strong>\u00a0says:<\/p>\n<blockquote><p>\u201cThe team is solving the challenges very well and will gain significant market share in this huge market.\u201d<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Munich-based startup Banovo has closed a \u20ac1.3 million financing round. The company now has \u20ac6 million in total funding. The round was led by HW Capital. Banovo was founded in 2015 by former Bain consultants Mareike W\u00e4chter and Michael Dreimann. According to the startup, the company generates...<\/p>","protected":false},"author":26,"featured_media":40352,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[3322,52],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banovo: Investment f\u00fcr Badsanierungs-Startups - Munich Startup<\/title>\n<meta name=\"description\" content=\"Banovo\u00a0hat eine Finanzierungsrunde mit 1,3 Millionen Euro abgeschlossen. Insgesamt ist das Unternehmen nun mit 6 Millionen Euro finanziert.\" \/>\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\/44601\/banovo-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banovo: Investment f\u00fcr Badsanierungs-Startups - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Banovo\u00a0hat eine Finanzierungsrunde mit 1,3 Millionen Euro abgeschlossen. Insgesamt ist das Unternehmen nun mit 6 Millionen Euro finanziert.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/44601\/banovo-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-29T08:28:11+00:00\" \/>\n<meta name=\"author\" content=\"Simon Tischer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Simon Tischer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/44601\/banovo-investment\/\",\"url\":\"https:\/\/cms.munich-startup.net\/44601\/banovo-investment\/\",\"name\":\"Banovo: Investment f\u00fcr Badsanierungs-Startups - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/44601\/banovo-investment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/44601\/banovo-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/09\/bathroom-1872193_1920.jpg\",\"datePublished\":\"2019-01-29T08:28:11+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/cab6cd082a88a9e4b2d6ca61a9031a4d\"},\"description\":\"Banovo\u00a0hat eine Finanzierungsrunde mit 1,3 Millionen Euro abgeschlossen. 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