Category: Uncategorized

10. September 2024 by EdaHorn 0 Comments

Willkommen briink

We are delighted to welcome Briink as a new portfolio company! In their Seed Series financing round, the Berlin-based company raised €3.85 million. Joining as a co-lead investor is 13books Capital, a renowned FinTech VC from London. Also on board are the esteemed existing investors Merantix and Seed+Speed. With this financing round, Briink is well-positioned to scale sales and further develop the product in the dynamic ESG market.

What is Briink?

Briink is a Berlin-based software company founded in 2021 at the Merantix Accelerator and AI Campus. Utilizing domain-specific AI and LLMs (Large Language Models), Briink supports ESG teams in benchmarking and verifying large volumes of ESG documents through audit trails. This highly precise solution already helps leading corporations, funds, and advisory firms worldwide to achieve a transparent and consistent basis for decision-making.

The founders, Tomas van der Heijden and Samuel King, bring extensive startup experience and combine expertise in data science and law. We see this as the ideal foundation for navigating the complex ESG regulatory landscape and the rapid developments in AI.

The Challenge of ESG Data Processing

Currently, many companies still process ESG data for themselves, their suppliers, portfolio companies, and audit clients manually. In light of regulations such as the Corporate Sustainability Reporting Directive (CSRD), this approach is highly labor-intensive and prone to errors. Briink's automated solution focuses on meeting the highest quality and security standards while maintaining a strong customer-centric approach.

This has also impressed Andrea Silberschmidt-Buhofer: "The level of automation and customer understanding sets Briink apart from broader document processing solutions and creates significant value for customers from day one."

In the growing ESG software market, we look forward to an exciting future together with Tomas, Sam, and the Briink team!

15. August 2024 by kmoeller 0 Comments

Financing Round: Wingtra

Wingtra Closes Its Series B1 Financing Round

We are pleased to announce that our portfolio company, Wingtra, has successfully closed its Series B1 financing round! In addition to us, this round included participation from leading US, Swiss, and Austrian VCs, as well as family offices, including SymbiaVC, Spectrum Moonshot Fund, RKKVC, Cadence Growth Capital, and others.

Wingtra will use the new capital to expand its global presence, strengthen product development and production capabilities, further develop the WingtraCloud platform, and solidify its market position in key industries.

Who is Wingtra?

Wingtra is revolutionizing industries such as construction, mining, urban planning, agriculture, and forestry with its advanced VTOL drones. Their flagship product, the WingtraOne, is known for its outstanding reliability, precision, and ease of use, making it the preferred choice for professionals worldwide. Even under challenging weather conditions, the WingtraOne enables efficient collection of high-quality aerial data, supporting informed and safe decision-making. A key advantage of Wingtra's technology is its full-stack solution, which integrates autonomous drone operations, advanced data collection, and intelligent processing software, significantly reducing the costs of creating precise 2D and 3D models, allowing professionals to focus on more valuable tasks.

As Wingtra continues its global expansion, we at EquityPitcher Ventures are proud to be part of this exciting journey. Together, we aim to push the boundaries of drone technology and contribute to a more sustainable and innovative future.

13. August 2024 by kmoeller 0 Comments

Financing Round: Calingo

Calingo Closes Pre-Series A Financing Round of 3 Million Swiss Francs

We are pleased to announce that our portfolio company Calingo has closed a Pre-Series A Finanzierungsrunde of over 3 Millionen Schweizer Franken abgeschlossen hat.

This financing round included participation from both existing investors, including EquityPitcher Ventures, VENPACE, and SICTIC, as well as new investors, such as Emma Ventures, Zürcher Kantonalbank, and StartAngels Network. 

This capital will help Calingo expand its operations, increase its reach in the Swiss market, and enhance its services to provide high-quality insurance solutions for pet owners.

Who is Calingo?

Calingo is a Swiss insurtech company founded in 2020, specializing in digital insurance solutions. The company is particularly known for its personalized insurance offerings, with a focus on pet health insurance. Calingo aims to simplify the insurance process by offering tailored and transparent insurance products directly at the point of sale, making it easier for customers to obtain insurance that precisely meets their needs.

19. June 2024 by kmoeller 0 Comments

Welcome Scrona

Scrona is a spin-off of ETH Zurich founded in 2014. The start-up specializes in electrostatic multi-nozzle printing technology for additive industrial microfabrication. Scrona has developed a printer that combines ultra-high resolution with high throughput, enabling advances in microfabrication. This technology allows printing with higher resolution and more viscous material than traditional inkjet printing processes. Scrona holds the world record for the smallest printed color photo.
 
Establishing and maintaining global market leadership
Current manufacturing techniques lack either the scalability or the benefits of additive manufacturing. Scrona is on the verge of commercializing a technical breakthrough by introducing a scalable printing solution characterized by resolution, robustness and versatility (e.g. usable materials) that offers customers significant cost advantages. The unique combination of high resolution and high throughput will reinvent micro manufacturing.

Industrial microfabrication as a lengthy process

Today, industrial microfabrication is often a very lengthy process that involves a large number of steps to produce the end product (in particular the etching away of unnecessary material). To avoid this, so-called inkjet manufacturing can be used. This is an additive manufacturing process that uses print nozzles that use an electronic control system to spray ink onto a substrate to produce it. This essentially reduces the above-mentioned process to two steps: Printing and curing in the oven.

In conventional inkjet generation, an electrical charge (static electricity) is used to push ink droplets out of the print nozzles. In piezo printing, this charge is used to change the shape of materials in the print head (piezoelectric materials), which in turn push the droplet out of the nozzle. The result is twofold: the droplets can only be as small as the nozzle, which limits the resolution. Only materials with a relatively low viscosity (thin materials that flow easily like water, not honey) can be ejected. On the one hand, this has a negative effect on dissolution, as the droplet dries more slowly and lies 5-10 times flatter on the substrate. It also means that certain materials that are of interest for production cannot be printed.

 

What makes Scrona so interesting? 

Scrona offers an electrostatic injection printhead that draws the liquid from outside the nozzle. A charge is applied to the ink droplet, which is then propelled forward using deflection plates charged with an opposite polarity.

This results in the entire energy being concentrated on the tip of the nozzle, also known as the meniscus tip, which is significantly smaller than the nozzle itself. Consequently, the size of the droplets is considerably reduced, increasing the resolution by a factor of ten.
Additionally, the viscosity of the materials that can be printed increases, which also positively impacts the resolution and expands the types of products that can be manufactured due to the greater material flexibility.

11. April 2024 by kmoeller 0 Comments

Welcome Entyre

Entyre is a health tech company based in Berlin/DE and St. Gallen/CH. 

The startup offers a solution that enables the patient and caregiver to carry out care tasks competently while interacting correctly and efficiently with the relevant stakeholders and requirements and fulfilling them. The solution consists of software, regular visits from the care advisor and multi-channel support.
The software enables seamless tracking and communication of reimbursable tasks, tasks performed, health events and responses, regulatory guidelines, quality management and best practices. Guided interaction with stakeholders such as physicians, pharmacies and health insurers ensures the required transparency and traceability from prescription to procurement and execution to reimbursement.

Lack of transparency and high complexity in the healthcare sector

Entyre has set itself the task of improving patient care with technology. A lack of transparency and high complexity in the healthcare system often lead to over- and under-provision of care for people in need. This leads to thousands of avoidable hospitalizations and deaths every year, which places a considerable burden on the healthcare system and society. By developing innovative technical solutions, Entyre identifies and corrects the gap between what is currently being managed and what those in need of care require. By leveraging proprietary data, Entyre's algorithms enable patients, family caregivers, physicians and insurers to make better decisions.

Transparency in outpatient care

There are now over 3 million people in need of outpatient care in Germany - and the trend is rising. It is often extremely difficult for insurance companies to manage the provision of outpatient care due to a lack of reliable information. This often results in serious under- or overprovision of care for those in need.

Entyres experienced care advisors from Pflegewegweiser visit those in need of care on a regular basis to ensure that care is running optimally and to train them and their caregivers. They also collect structured data on the care situation on site, which enables insurance companies to make data-based decisions to optimize care.

What makes Entyre so interesting? 

Entyre is characterized by an impressive combination of experienced management and forward-thinking product offerings that specifically address the home care market. The team behind Entyre brings a wealth of relevant experience, including leading other startups and working at top-tier consulting firms. This expertise has proven crucial in helping the company stand out in the highly competitive landscape of Switzerland.

Another convincing aspect is Entyre's positioning on the home care market. The product fills a clear gap in the market and offers solutions that are not available from existing competitors. The financial clout and the "venture DNA" make Entyre unique. Entyre is also characterized by a remarkable revenue recurrence rate, driven by long-term patient retention.

Entyre's economic performance is exceptional, with a very strong unit economics that enables rapid customer recovery. In addition, the company has experienced impressive growth, significantly increasing sales volumes. All of these factors made it clear that an investment in Entyre was a strategically smart decision that not only promised commercial success but also had a lasting impact on the market.

21. February 2024 by kmoeller 0 Comments

Welcome Threedy

Threedy is a high-tech start-up founded in 2020 as a spin-off from Fraunhofer’s Institute for Computer Graphics Research (IGD) in Darmstadt, Germany. Three remarkably successful years after its foundation, Threedy has secured a $10.4 million investment to accelerate growth across industries and regions. New investors comprise LBBW Venture Capital, TRUMPF VENTURE, Futury Capital and EquityPitcher Ventures. The investment underlines Threedy’s strong position to capture a substantial market share of the fast-growing industrial digital twin space.

 

Digital transformation in industry

Threedy' s instant3Dhub is a high-performance spatial computing technology, enabling customer 3D data, any compositions, and its visualization at scale. By making data available and accessible in real-time on any device, at any time, it allows for the optimization of a multitude of digital processes all along the industrial value chain and a significant reduction in associated costs. Implementing instant3Dhub enables companies to save valuable time and resources, e.g. by eliminating waiting times, reducing license and infrastructure costs. Threedy allows its customers to establish a modern software architecture which reduces dependency on the monolithic and closed stacks of incumbent software vendors and opens the door to the agile development and scalable roll-out of a modern lightweight application layer. With a wide range of features for digital engineering, advanced collaboration, and seamless Mixed Reality, Threedy’ s software provides a strong foundation for industrial digital transformation.  

Working with 3D data becomes as simple as sharing a link, simply by referencing it from arbitrary sources e.g., existing PDM/PLM solutions, and without any preparation or simplification efforts. Threedy’ s technology enables new, scalable applications over the entire product life cycle, from engineering to after sales - web-based and with zero-footprint on the client. By streamlining their 3D data utilization and communication, companies can also reduce their ecological footprint: business travel can be largely replaced by virtual exchanges, saving resources and time.

Rapidly growing number of partnerships and application scenarios
Over the first three years, Threedy successfully transformed from a Fraunhofer department to an independent company. Since its foundation in late 2020, Threedy has experienced significant growth, almost tripling its staff to build up a team of more than 50 highly skilled professionals from around the world. The company has not only maintained its strong customer relationships, but also experienced remarkable growth, especially in the Automotive and Manufacturing sectors. Threedy' s cutting-edge technology is valued by numerous industry leaders, including the top-tier German car Manufacturers. Furthermore, Threedy has successfully broadened its network of partnerships, expanding beyond the initial focus areas of Automotive and the German market.

With a substantial $10.4M Series A investment, Threedy is now ready for the next step, backed by the new investors LBBW Venture Capital, TRUMPF VENTURE, Futury Capital, and EquityPitcher Ventures. Existing investors Matterwave Ventures, Fraunhofer and High-Tech Gründerfonds (HTGF) renewed their commitment by participating in the Series A investment.

Threedy will continue its commitment to the commercialization of its innovative spatial computing infrastructure, accelerating the adoption across industries and application scenarios. The investment will further enable Threedy to drive the evolution of its product portfolio. Threedy’s expansion plans include further internationalization, while remaining dedicated to excellence and innovation, and making a lasting impact in serving their partners’ digital transformation. Threedy is now actively looking for new people in different roles to join its team, individuals who want to shape the future of the industrial digital twin space.

31. January 2024 by kmoeller 0 Comments

Looking back to the year 2023

 

Looking back on 2023, it is fair to say that the past year in the venture capital industry went pretty much as most VCs and experts had imagined at the end of 2022: 

Ein deutlicher Rückgang vom investierten Kapital – insbesondere in der Growth Stage (gemäss GP Bullhound haben Investoren vergangenes Jahr 45 Prozent weniger Geld in europäische Startups gesteckt als noch ein Jahr zuvor), eine deutliche Erhöhung von Insolvenzen im DACH Raum (gemäss Handelsblatt mussten allein in Deutschland 297 Startup-Firmen Insolvenz anmelden), ein weiterer Rückgang der Unternehmensbewertungen sowie ein sehr zurückhaltender M&A Markt (vorsichtig ausgedrückt). Vom Geopolitischen wollen wir erst gar nicht anfangen. 

Wenn wir bei EquityPitcher auf unser 2023 zurückblicken, dürfen wir auch von diesem Jahr wieder behaupten, dass es das it was the most successful year in our company's history to date which fills us with enormous gratitude!  

First of all, we must of course say that the past year was also very challenging for us and there was a lot to overcome. Some of our portfolio companies found it very difficult to achieve operational growth, others had a tough time with fundraising and there were also a few other issues that we would have liked to have seen differently. 

But to summarise: even after the end of 2023 all 25 companies, with which we started the year are still doing well.  

Portfolio Highlights

The only difference compared to previous years is that our portfolio has nevertheless been reduced by 3 companies, such as Opinary, which was bought entirety, another exit was a secondary transaction as in the case of YukkaLab and finally in the case of Viselio, a share buyback programme was implemented.  

Was wir in 2023 deutlich gespürt haben, war die Zurückhaltung der Startups ins Fundraising zu gehen – was mit Sicherheit an eingangs genannten Gründen lag. Die Unternehmen, die ein starkes Cap Table haben und ein gutes Wachstum aufweisen konnten, haben von den bestehenden Investoren meist Geld für eine Zwischenfinanzierung erhalten. Dies ist auch der Grund, warum wir in 2023 nur in 3 new startups namely Wingtra, Sewts and Threedy.  

We therefore ended 2023 with 25 portfolio companies. 

A few key figures are enough to show the very positive development of our portfolio companies for 2023 despite all the adversity: 

20 unserer Portfoliounternehmen haben ein 2-stelliges Wachstum erreicht! Dies unter Einbezug, dass 18 der Unternehmen 7-stellige Umsätze machen wovon 3 mehr als 10 Millionen CHF realisiert haben, zeigt sehr deutlich, dass sich das Portfolio auch in diesem extrem anspruchsvollen Jahr 2023 überdurchschnittlich gut entwickelt hat. Auf das Gesamtportfolio gesehen, gab es ein durchschnittliches Umsatzwachstum in Höhe von über 70%.  

In total, over CHF 80 million was invested in our current portfolio companies in 2023, bringing the total amount invested in them to around CHF 250 million!  

In addition to various CLAs and equity rounds granted by existing investors as bridge financing, the equity financing rounds of Anybotics with USD 50 million in fresh capital, Wingtra with CHF 20 million, Sewts with EUR 7 million, Rready with CHF 4 million, Sinpex with EUR 4 million and AirConsole with CHF 3 million in fresh capital play a major role here.  

In 2023, the circle of our international co-investors grew in particular. With Bessemer Venture, Walden Catalyst, NGP Capital and Aramco, it is clear to see that our start-ups are on the right track and that they are also attracting interest beyond the borders of the DACH region.  

Of course, we have also welcomed great local co-investors such as Emerald Ventures, Swiss Canto & TX Ventures. 

Together with these great investors, our current portfolio companies have managed to grow to the remarkable number of more than 1,000 employees!  

If you consider that the Federal Republic of Germany is investing EUR 10 billion in an Intel site in Saxony-Anhalt to create 3,000 jobs there, then you can say with a clear conscience that our start-ups have a significantly better ratio of invested capital to jobs created. To all DACH politicians reading this: Perhaps startups should be subsidised far more than they currently are in order to keep the DACH region internationally competitive in the future! But that's another topic... 

So let's get back to the good old traditions: Once again this year, we would like to name our startups and entrepreneurs who have received special awards and express our appreciation:  

🏆 ANYbotics.is honoured with the "Next Hot Global Thing" award.

🏆 CNC24has won the German Excellence Award 2023 in the "Digital Champions - Startups" category. 

🏆 xorlab was recognised as a best-in-class cybersecurity solution in the Swiss Cyber Institute's latest manufacturer report.

🏆 Congratulations to Sandra Tobler und Futurae Technologies AG  for the nomination as the most promising women-led startup in 2023. 

🏆  ROOMZ  impresses UNESCO with its environmentally friendly products

🏆 Calingo Insurance AGwon  Top 100 Fintech Award, 

🏆 ANYbotics.won the Top 100 Robotics Award 

🏆 CNC24receivedWirtschaftsWoche "Startup of the Week"

🏆 Calingo Insurance AG was awarded InsurTech of the Year in the "Impact on the Swiss market" category. 

🏆 Sinpexwon second #fintechgermanyaward2022 in the category Early Stage! 

Honour to whom honour is due and we are really proud to be part of your journey!  

Bild mit allem

About EquityPitcher

EquityPitcher itself also had a lot going for it in 2023: 

We want to start with congratulations to our Managing Partnerin Andrea Buhofer for Forbes 30 under 30 zu gratulieren! Es hätte niemand Besseres ausgezeichnet werden können! 

Andrea Buhofer_Forbes Vorschlag

We are equally proud of the fact that, despite all the adversities, particularly in terms of raising capital, launch our third fund in July 23! This enables us to continue to invest in the most promising start-ups in the usual manner.  

In 2023, our events aimed at connecting our network were once again a complete success: 

Besonders gefreut haben uns die zwei ausserordentlich spannenden und gut besuchten LP-Events with ANYbotics. im März und bei Wingtra im November.

This year, we launched a new series of events with our Advisors - the first EquityPitcher Buureolympiade took place in October and, according to our advisors, was a real success/fun. 

Burreau

Das jährliche Come Together in Verbindung mit unserem Portfolio Exchange Day waren auch in 2023 wieder ein voller Erfolg. Den Tag durch durften unsere Startup Unternehmer von keinem geringeren als Roy Ranaani von chorus.ai in einem Workshop von dessen Erfahrungen zum Skalieren eines 500 Millionen Unternehmens profitieren. 

Am Abend ging es dann für die +150 Teilnehmer bei wunderschönem Wetter und mit einer tollen Keynote von Prof. Glauner zum Thema AI weiter. Wobei auch hier die Zeit nach dem offiziellen Teil das Besondere ausmacht – nämlich dann, wenn unser wunderbares Netzwerk mit diesen herausragenden Menschen zusammenkommt und einfach den Moment geniesst!  

We would also like to take this opportunity to thank you, dear investors, partners, advisors and start-ups, because without your support, none of what we are able to achieve year after year would be possible!  

We would also like to take this opportunity to introduce our new Senior Analyst Marco Marugg who started with us in August!  

To conclude, we would like to make a small Outlook for 2024 dare: 

This year, we will remain true to our principles and - no matter how adverse the circumstances may be - continue to work seriously, honestly and professionally towards our goals and try to make the world a little bit better together with and through our start-ups - and hope and believe that 2024 will be a more peaceful year than 2023 and that the general macroeconomic trend will continue to improve.   

Unsere Pipeline an neuen Startups ist jedenfalls prall gefüllt. 5 bestehende Portfolio Unternehmen planen noch in 2024 ihre Finanzierungsrunde zu schliessen und 2 Unternehmen befinden sich in finalen Exit-Verhandlungen.  

With this in mind, we are very positive and looking forward to what is to come! 

Herzliche venture Grüsse,  

The EquityPitcher Team 

MBA_Equity_Pitcher-0487

15. January 2024 by kmoeller 0 Comments

Finanzierungsrunde: Sinpex

TX Ventures and ACE Ventures are jointly leading the financing round, in which existing investors EquityPitcher and AI Fund participate. With this financing, the start-up Sinpex, a provider of compliance and AML (anti-money laundering) solutions, intends to expand its growth and prepare for international expansion.

Jens Schleuniger, Managing Partner at TX Ventures says: "Know-your-business processes are complex, expensive and represent a real business risk for financial institutions. We were therefore very excited when we took a closer look at Sinpex's software solution. In our opinion, the team around Camillo has created a new market standard - also through the use of modern technologies. We are therefore delighted to have been able to support the Sinpex team and to have contributed to the financing round."

Sinpex is a Natural Language Processing (NLP) software for financial institutions with a focus on KnowYourCustomer processes. These are processes by which banks obtain information about the identity and address of customers. These processes help to ensure that the banks' services are not misused. They have developed a special NLP model that is very flexible and at the same time specialized in the documents of the KYC processes. The KYC questionnaires can be highly automated and saves analysts up to 70% of their working time. In addition, Sinpex automatically creates audit-proof reports in which every data point can be transparently tracked.

"In light of current regulatory developments, the fight against money laundering is becoming increasingly important and is in demand across all industries. We can look back on a very successful 2023, in which we were able to acquire significant customers and achieve temporary profitability. I am delighted that the financing round was oversubscribed and that we were able to attract renowned investors as partners for our growth."

16. November 2023 by kmoeller 0 Comments

Finanzierungsrunde: rready

rready has raised a $4 million Series A round led by FYRFLY Venture Partners. EquityPitcher Ventures, Verve Ventures, Swisscom Ventures and angel investors are participating in the round. The round also includes a non-dilutive growth loan from UBS, Switzerland's leading bank. rready will use the funds to commercialise its newly developed AI-powered platform. The API-based software can be used to support various use cases such as open innovation, hackathons, accelerators or continuous improvement ideas. The latest solution has already delivered cost savings and $8 million in revenue during a one-year pilot at a company with a market capitalisation of over $30 billion. rready is becoming the leading provider of an innovation operating system for companies looking for a scalable solution that leads to measurable results. 

Innovation remains a constant challenge for mature companies. Hierarchy, gut instinct and fear of failure often nip innovation in the bud or steer it in the wrong direction. Yet the threat of disruption and the "war for talent" have motivated companies to find a solution to these obstacles. rready is that solution for over 40 global companies that have used it to validate the ideas of thousands of employees and implement hundreds of projects, including new customer experiences, products, patents and spinoffs.

What makes rready so special?

rready is an innovation-as-a-service provider that enables companies to implement and scale intrapreneurship and innovation. The solutions were developed at Swisscom under the GETKICKBOX brand and now the GETKICKBOX team is founding its own startup, rready AG. The first product "Kickbox" offers an online SaaS platform, a physical toolbox and an innovation ecosystem. With these elements, they support employees in developing innovations in their company through new products or services, thereby promoting a culture of innovation. The rready platform already complements this solution with other complementary programmes on the topics of continuous improvement and feedback in order to offer a wide range of services. Their common goal is to use software products to promote the innovative strength of employees, structure innovation processes and thus tap into a company's greatest capital.

rready's flagship product combines a SaaS platform for transparency, innovation accounting and project implementation with a physical KICKBOX (literally: a box) that supports employees in the formulation, testing and introduction of innovations. In contrast to a pure project management platform, rready offers a network of service providers and coaches who can be hired as required to close gaps and drive a project forward. 

KICKBOX is an open source innovation methodology invented by Mark Randall, a serial entrepreneur who sold a company to Adobe and stayed on to share his innovation techniques.

"While creativity is inherently human, KICKBOX has shown the world how to turn employee creativity into tangible innovation in a corporate context. rready has made the breakthrough by turning KICKBOX innovation into a repeatable, scalable process that organisations can deploy in the most impactful and measurable way. The result is a platform that organisations around the world are using to create a predictable innovation funnel."

9. August 2023 by kmoeller 0 Comments

Willkommen sewts

We are very pleased to welcome sewts, a successful robotics company, as the first company in the 'EquityPitcher Growth Fund' portfolio.

The Munich-based deep-tech start-up has completed a Series A financing round of 7 million Euros and brought on board a number of high-profile investors. Participating in the financing round, alongside EquityPitcher Ventures, were internationally leading industrial and technology investors: Emerald Technology Ventures, Constantia New Business, and Nabtesco Technology Venture as new investors, as well as additional contributions from existing shareholders Bayern Kapital, APEX Ventures, and HTGF. With the new financing, sewts will continue the roll-out of the sewts.VELUM systems in international laundries and tap into new markets, such as handling returns in e-commerce.

sewts automates what others cannot. While picking rigid materials like metals is quite simple for robots, handling deformable and soft materials (such as textiles) is still the white spot of automation. With its unique approach of combining AI, robotics, and material simulation, the company founded in 2019 aims to change this. By equipping robots with human-like perception and grasping abilities, sewts has for the first time enabled the automatic handling of textiles.  

What makes sewts interesting?

 

In 2022, sewts launched its first production-ready product, sewts.VELUM – a robotic unit intended for global industrial laundries to overcome the massive labor shortage and increase efficiency. The robot automatically picks up wrinkled towels and feeds them to the folding machines to reduce manual labor at a human-like speed. The market for industrial laundries is often underestimated, but it actually has a global volume of 100 billion Euros in annual sales. 

At the same time, sewts has already begun to invest in the development of additional use cases along the life cycle of textile production, as there is an unprecedented demand for automation solutions. The new technology will not only be needed to overcome the labor shortage but will also help achieve global climate goals and protect human rights. Bringing the production and recycling of textiles closer to the consumer market will greatly reduce CO2 transportation costs, overproduction, and waste. 

"Our long-term vision is a 'Moonshot' idea - we want to revolutionize the production of textiles. To achieve this, we first dedicate ourselves to the most promising niche markets, and then gradually approach the grand vision step by step."