Jul 12, 2022
Berlin/ Paris, July 2022: Seventure Partners, one of Europe's leading venture capitalists, is the lead investor in Sentryc GmbH, a technology company founded in 2019. Sentryc is a brand protection specialist that offers companies and brands a digital solution with its proprietary brand protection software to detect and contain product piracy and brand abuse on online marketplaces.
"Our goal is to protect businesses and consumers in a sustainable and effective way. We are pleased to have found a partner in Seventure Partners who shares our vision and is familiar with the challenges for companies due to the proximity to the French market, which is heavily affected," says CEO Nicole Hofmann.
With the substantial million-euro financing round, the digital focus and the strong partner network of the new investor, the team around CEO NicoleJasmin Hofmann and CPO Hendrik Schüler gains effective support for the planned further development of the SaaS solution, growth and further expansion into Europe.
"Sentryc has already been able to record strong growth in a very short time and win well-known customers. The growing need for brand protection, the team and the innovative software convinced us to invest inSentryc", Dr. Andreas Schenk, Venture Partner Germany forDigital Technologies at Seventure Partners.
In the completed VC round, the existing investors join forces with the new investor Seventure Partners to putSentryc's growth on a broad foundation. The tech sector around brand protection and plagiarism prevention is an attractive growth market. Both the acceptance of measures to combat product piracy and the cross-industry perception of the risks are increasing continuously.[1] The market is growing rapidly.
About Sentryc
Sentryc GmbH is a Berlin-based technology company founded in 2019. The current 35-member team around managing director Nicole Jasmin Hofmann offers companies a digital solution with its self-developed brand protection software that can be used to detect and stop product piracy and brand abuse on online marketplaces. The online experts provide their customers with a cloud solution that scans websites for products, identifies and documents potential counterfeits and then automatically reports them for deletion. Renowned companies trust Sentryc's product protection made in Germany. Prioritising data protection, the company is hosted in Germany and operates in compliance with the DSGVO. For more information, visit sentryc.com.Follow Sentryc on LinkedIn.
About Seventure Partners
Seventure Partners is a long-term equity investor whoactively supports innovative companies with positive impacts on Humankind,Society, Sustainability and the Planet. With €950m net commitments under management as of the end of 2021, Seventure is a leading venture capital firm in Europe investing since 1997 in innovative businesses with high growth potential in 2 main fields: Life sciences (Health & digital Health,Foodtech, Blue Economy, Animal & Agriculture, Sport & Wellness ...) across Europe, Israel, Asia and North America and Digital technologies(FinTech, RetailTech etc...) in Europe.Investments can range between €500k and €10m per round, or up to €20m percompany, from early to late stage, growth, pre-IPO and IPO. For more details: seventure.fr/en Twitter: @seventurep
[1] https://www.ingenieur.de/hannover-messe-special/produktpiraterie-massnahmen-zahlen-sich-aus/