RapidRabb.it raises 1/2 Million Euro of risk capital. High-Tech Gründerfonds invests in future technology for web-based software prototyping
April 21, 2009
RapidRabb.it, expert in software prototyping, gains the High-Tech Gründerfonds as first round investor. The RapidRabb.it GmbH develops and offers Software as a Service for the real-time collaborative visualization and optimization of web- and software user interfaces through prototyping and testing. „With the High-Tech Gründerfonds we were able to convince the ideal investor for our current situation“, says CEO Philipp Huy after finalizing the investment. „The 500,000 Euro risk capital are planned for research and development work of the web-based graphics technology and enable a fast expansion of our sales activities.“
With its investment, the High-Tech Gründerfonds supports the efficient further development of the innovative vector graphics technology and the extension of the product portfolio. The products unleash basic synergies within the software development process and enable a more efficient collaboration and communication among all process participants. „The forward-looking technology facilitates especially to software developers with offshore projects a far more efficient prototyping. In particular, these customers benefit a lot from RapidRabb.it. Furthermore having a web-based, collaborative approach, RapidRabb.it has been a clear decision to us,“ explains investment manager Dr. Björn Momsen.
With its software solution, RapidRabb.it offers to all participants of the software development process a powerful communication platform for prototyping and testing of web and software applica-tions. The principal, developers, designers, and consultants can communicate more efficient and, at the same time, improve the usability of their products. The web-based and real-time collaborative application allows for a fast and easy creation and modification of graphical user interface pro-totypes. These prototypes can immediately be tested with test users in order to discover problems as early as possible and to fix them even before any line of code is written. This not only saves money and time but also improves the management and the chance of success of development projects. Latest trends in web-based graphics editing (SVG) make RapidRabb.it a very performant solution for visualizing, testing, and optimizing software user interfaces online. A test version can be used at www.rapidrabb.it
RapidRabb.it is an innovative software as a service provider from Berlin, who offers a web-based platform for prototyping and testing of web and software user interfaces. In contrast to traditional applications, RapidRabb.it uses latest SVG-techonology and enables through its software the real-time collaborative work on prototypes within a browser window. The company was founded in 2008 and is specialised to B2B.
About High-Tech Gründerfonds
High-Tech Gründerfonds invests venture capital in young, high-opportunity technology companies implementing promising research results in an entrepreneurial manner. The start-up companies are planned to lead their R&D projects to the production of a prototype or a “proof of concepts” or market launch by means of seed financing of up to 500k EUR. High-Tech Gründerfonds has a fund volume of around 272m EUR. Investors of the public-private partnership are the Federal Ministry for Economics and Technology, the KfW bank group as well as the six industrial groups BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss.
Dr. Björn Momsen
High-Tech Gründerfonds Management GmbH
Tel: +49 228 96568500
Fax: +49 228 96568550