1.5 Million Euro Investment for Start-up replex
The software company from Duisburg expands with external capital and enters US market
High-Tech Gründerfonds, EnBW New Ventures, eValue as well as Entrepreneurs Investment Fund invest in Seed round
The software company replex raises 1.5 million euro. The real-time system to optimize IT infrastructure has gained High-Tech Gründerfonds (HTGF), EnBW New Ventures as well as eValue AG and the US based Entrepreneurs Investment Fund as seed round investors. The new capital is intended for the expansion of the company and the market entry into the US.
The Duisburg based start-up replex, funded to date by its founders, has now received 1.5 Million Euros in external funding for its seed round of financing. With their business model, the five founders were able to convince renowned investors. These include High-Tech Gründerfonds (HTGF), EnBW New Ventures, eValue AG, which have a successful international track record, as well as the New York based EIF (Entrepreneurs Investment Fund).
The CEO of eValue, Thomas Falk, has already been involved in numerous international investment deals and sees strong growth potential:
“Cloud and infrastructure costs are an increasingly important issue. This is also reflected in our portfolio companies. replex is an optimal solution for better insight and reduction of costs”.
Data centers are an example of the growing complexity of infrastructure operations and associated costs. This is due to the increasing heterogeneity of the systems and the growing demand for performance and availability. On average, up to one third of the servers are unused worldwide and the remaining portion is well below their potential utilization. The replex software detects unused capacity and provides corresponding optimization reports.
Founded in 2016, replex aims to create transparency and cost efficiency within the modern, scalable IT stacks. Modern technologies such as cloud, containers and orchestrators allow for more dynamic and scalable IT infrastructure environments but also create higher levels of complexities which, in turn, are more challenging to manage efficiently.
With a strong focus on the US market, the start-up opened an office in San Francisco to cater to the first customers in its portfolio. Prof. Dr. Marc Jansen, co-founder and strategic advisor to replex, says:
“replex will enable completely new visions and predictions on the IT infrastructure of enterprises”.
“We are delighted about the versatile support and approval for our technology. In the US market we see a major potential here”
adds Patrick Kirchhoff, CEO of replex.
Replex is a software for the management and optimization of IT infrastructures. In real-time, information about cloud servers, physical servers, virtual machines and containers is collected and made available to devops and C-levels alike. The proprietary algorithms automatically generate optimization strategies to increase efficiency of the IT infrastructure and its teams as well as simultaneously lowering costs. replex is a German Accelerator participant and EU Road Show winner. The replex GmbH was founded in early 2016 and is headquartered in Duisburg featuring other locations in Berlin, Leipzig and San Francisco.
About EnBW New Ventures GmbH
EnBW New Ventures GmbH invests venture capital in innovative new companies during their start-up and growth phase. The focus is on companies shaping the converging markets of energy, mobility and urban life through new business models and technologies. With an investment volume of EUR 100 million, EnBW New Ventures is a significant investor in young start-ups in Germany. Through the new ventures activities, EnBW is expanding its partnerships within the start-up scene, combining these with internal innovation projects. www.enbw.com/newventures
About High-Tech Gründerfonds (HTGF)
The High-Tech Gründerfonds (HTGF) is Germany’s most active early-stage investor. With a volume of EUR 576 million in two funds, we are funding young innovative technology start-ups and actively supporting them in implementing their business ideas. We are broadly oriented on the subject – from robotics, IoT to energy, from medicine to biotech, from chemistry to software. Our investors in the public-private partnership are the German Federal Ministry of Economics and Energy, the KfW Bankengruppe as well as 18 well-known business enterprises.