Nordantech receives financing from High-Tech Gründerfonds
November 6, 2018
High-Tech Gründerfonds III GmbH & Co. KG and other investors invest in Nordantech Solutions GmbH. The young company based in Hamburg develops and distributes Falcon – an intelligent project management tool for business transformations.
Whether it is company acquisition, expansion, turnaround or digitization – the associated transformation projects determine the further development of every company. The financial implications are significant and the project risks high. More than two-thirds of these projects fall far short of expectations.
Nordantech strives to solve this problem. With its web-based software Falcon, Nordantech sells an intelligent project management software for enterprise transformations. Falcon brings both finances and milestones to one place! The tool makes it possible to manage, plan and report complex projects simultaneously for several companies. In first research projects Falcon learns to recognize delays in advance and to predict budget overruns.
The founders of Falcon are Arne Brenneisen, Christian Kuhs and Dr. Jonas Steeger. The team combines experience in software development, transformation projects and machine learning.
Among the customers of the multi-award-winning company are various medium-sized companies from various industries, as well as investment companies and consulting firms. Since Falcon’s first live test at the end of 2016, Nordantech has already generated six-figure revenues and entered into partnerships with various international companies.
The founding team agrees: “Falcon enables companies to centrally manage and advance their strategic projects – no matter from where and in real-time across all locations, companies and divisions. With its large network of cooperation partners, potential customers and investors, the HTGF is the perfect match for us”.
Investor HTGF has a similar view: “From my own professional experience, but also from conversations with industrial companies, it becomes clear that transformation projects take place continuously. Solutions that are easy to implement and allow central project management including forecast and reporting – even across several projects – are sought and needed. The Falcon solution already used by customers today and the strong team convinced us. We are looking forward to working together”, says Louis Heinz, Investment Manager of High-Tech Gründerfonds.
Please do not hesitate to contact us if you have any questions.
About Nordantech Solutions GmbH
Nordantech develops an intelligent project management software for enterprise transformations: Falcon. Falcon makes it possible to coordinate and manage complex projects in addition to the daily business in terms of milestones and financial effects through time-saving and clear-cut features. Falcon learns independently. Hence delays are detected early. Since Falcon can be used simultaneously in any number of departments and companies, especially management consultancies, holding companies and private equity firms enjoy Falcon.
About High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With € 892.5 million in total investment volume across three funds (€ 272 million in HTGF I, € 304 million in HTGF II and € 316.5 million for HTGF III) and an international partner network, HTGF has already backed up 500 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and start-up experts help guiding the development of young companies. HTGF’s focus is on high-tech start-ups across a range of sectors, including software, media, internet, hardware, automation, healthcare, chemicals and life sciences. Up to now, external investors have invested over € 1,8 billion into the HTGF portfolio via more than 1,300 follow-on financing rounds. HTGF has also successfully exited shares of more than 90 companies.
Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, Fraunhofer-Gesellschaft e.V., as well as the companies LTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.