BMP Ventures AG, established in 1997, is a Berlin-based venture capital firm that invests in early-stage and growth startups across Europe. It focuses on sectors such as e-commerce, internet, software, mobile, life science, and industry technologies. The firm typically invests between €0.5 million to €10 million, seeking a 15% equity stake in minority holdings. BMP Ventures AG aims to support innovative business models led by exceptional teams, with a holding period of 7 to 10 years, exiting through trade sales or IPOs.
Neotiv GmbH, founded in 2017 and headquartered in Magdeburg, Germany, specializes in mobile software solutions aimed at monitoring memory function and supporting individuals with dementia. The company offers memory tests designed to assess brain regions affected by aging and early Alzheimer's disease. Its health monitoring application not only tracks users' memory performance over time but also provides insights derived from scientific research, making them accessible to a wider audience. By combining neurodegenerative disease research with its digital platform, Neotiv enables healthcare professionals and researchers to enhance early detection and management of memory-related issues.
InLine-Med
Seed Round in 2022
InLine-Med GmbH, established in 2019 and based in Magdeburg, Germany, specializes in developing assistance devices that enhance the efficiency and accuracy of needle-based interventions for radiologists. The company offers a range of products, including navigation devices, surgical tools, needle alignment tools, and anatomical marker grids, along with navigation software that aids in visualization and intervention planning. By integrating artificial intelligence with innovative guiding tools and high-quality biopsy needles, InLine-Med addresses the challenges of accurate needle placement, which is crucial in cancer diagnosis and treatment. Their solution allows clinicians to define a needle trajectory on a computer and seamlessly translate this plan to the patient, minimizing the need for multiple punctures and reducing procedure times. The comprehensive suite of assistance tools is competitively priced, enabling clinicians to conduct safe and precise interventions without relying on complex robotic systems.
PAXLY
Seed Round in 2021
PAXLY is the leading procurement platform for packaging Material in Germany.
Truck Norris
Seed Round in 2020
Truck Norris GmbH is a German company specializing in the manufacture of acoustic safety systems for trucks. Established in 2020 and located in Kabelsketal, the company develops advanced technology that triggers theft alarms by analyzing sound waves, infrared signals, and changes in electrical resistance. Their anti-theft protection system is designed to detect suspicious sounds or activities, providing alerts to truck drivers in case of potential cargo theft. By utilizing this innovative approach, Truck Norris aims to enhance the safety of both goods and individuals associated with truck transportation. The company was previously known as Truck Norris UG (haftungsbeschränkt).
InLine-Med
Seed Round in 2020
InLine-Med GmbH, established in 2019 and based in Magdeburg, Germany, specializes in developing assistance devices that enhance the efficiency and accuracy of needle-based interventions for radiologists. The company offers a range of products, including navigation devices, surgical tools, needle alignment tools, and anatomical marker grids, along with navigation software that aids in visualization and intervention planning. By integrating artificial intelligence with innovative guiding tools and high-quality biopsy needles, InLine-Med addresses the challenges of accurate needle placement, which is crucial in cancer diagnosis and treatment. Their solution allows clinicians to define a needle trajectory on a computer and seamlessly translate this plan to the patient, minimizing the need for multiple punctures and reducing procedure times. The comprehensive suite of assistance tools is competitively priced, enabling clinicians to conduct safe and precise interventions without relying on complex robotic systems.
VISARIGHT
Series A in 2020
VISARIGHT GmbH, founded in 2018 and headquartered in Berlin, Germany, specializes in providing digital solutions for visa immigration. The company employs innovative technology and automated workflows to streamline the immigration process for individuals seeking to migrate to Germany and the European Union. By connecting clients with specialized attorneys in migration law, VISARIGHT enhances the efficiency and affordability of visa procedures. This approach not only simplifies the complex immigration landscape but also expands access to migration rights for a broader range of individuals, facilitating a more inclusive and accessible process for those previously facing barriers.
United Games Entertainment GmbH
Series A in 2019
United Games Entertainment GmbH, founded in 2010 and based in Kirchheim unter Teck, Germany, specializes in the publishing of video games. The company provides a diverse range of products, including both digital and physical games for PC and consoles, as well as collector editions and gaming merchandise. Notable titles in their portfolio include classics such as Space Invaders, Wonder Boy, and Bubble Bobble. In addition to game publishing, United Games Entertainment operates an online store that caters to gamers by selling digital consoles, PC games, and various gaming accessories.
X-Trade
Series B in 2019
X-Trade GmbH is a medium-sized company based in Magdeburg, Germany, specializing in the wholesale of sports footwear, textiles, and accessories across Europe. Founded in 2006, the company has established a robust online retail platform that offers a wide selection of quality shoes and clothing, including sneakers and products for various sports such as soccer and running. The platform enables customers to easily search, sort, and order items from well-known brands, ensuring affordable delivery directly to their doorsteps.
LAWIO
Seed Round in 2019
LAWIO GmbH, founded in 2018 and based in Magdeburg, Germany, operates a legal technology platform specifically designed for tenants. The platform facilitates the reporting of various issues in rental apartments, such as heating failures, mold, and construction noise, allowing tenants to claim rent reductions for these deficiencies. By leveraging an algorithm, LAWIO simplifies the legal assessment process, making it easier for tenants to determine their rights and submit claims. The service aims to enhance accessibility to tenancy law, ensuring that tenants can address their concerns in an uncomplicated manner.
3DQR
Series A in 2019
3DQR GmbH is a German company that specializes in designing and developing QR-based augmented reality (AR) software solutions primarily for the healthcare industry, as well as for marketing, service, and educational applications. Founded in 2016 and based in Magdeburg, 3DQR provides a platform that allows users to upload and configure their data easily, facilitating the creation of AR experiences. Their technology combines augmented reality with conventional QR codes and image processing algorithms, enabling the 3D representation of virtual objects in real-world settings with real-time interactivity. In addition to their software platform, 3DQR offers support services that include consulting, 3D design, implementation, and customizations, making it a comprehensive solution for businesses looking to integrate digital content into the physical world efficiently and cost-effectively.
Seraplant
Seed Round in 2018
Seraplant GmbH, founded in 2016 and based in Haldensleben, Germany, specializes in the manufacture of phosphorus fertilizers, including superphosphate, compound, single, and multi-nutrient fertilizers. The company is notable for its innovative phosphorus recycling technology, which enables the production of phosphate-containing fertilizers from industrial phosphoric acid and mineral acid phosphate derived from sewage sludge ash. This technology focuses on creating environmentally friendly fertilizers that have reduced levels of cadmium and uranium, thereby supporting sustainable agricultural practices. By implementing this advanced recycling process, Seraplant aims to contribute to efficient crop production while addressing environmental concerns associated with traditional fertilizer manufacturing.
Coman Software
Venture Round in 2018
COMAN Software GmbH specializes in developing software solutions tailored for machine and plant construction. Founded in 2018 and headquartered in Gardelegen, Germany, the company offers a project management platform that enhances efficiency and transparency in construction projects. Key features include real-time data capture, easy import of project data, automated status report generation, and mobile access to project information. This software aims to optimize project planning and execution, reduce construction times, and minimize errors through centralized data management and streamlined communication. Additionally, COMAN Software provides various services, including support, training, and consulting, to assist clients in effectively utilizing their platform. The company's innovative approach enables businesses to enhance collaboration, stay on schedule, and manage projects within budget.
Lab-on-Fiber
Seed Round in 2018
Lab-on-Fiber GmbH, based in Halle, Germany, specializes in the development and production of advanced medical laser probes and systems aimed at enhancing minimally invasive surgical procedures. The company offers a range of fiber delivery systems, including surgical and urology fiber probes. By providing optimized radiation profiles and real-time temperature monitoring at the probe surface, Lab-on-Fiber's technology helps surgeons reduce operating times, improve treatment outcomes, and enhance patient safety. Their innovative solutions are designed to streamline laser surgery while minimizing potential complications, positioning Lab-on-Fiber as a key player in the medical technology sector.
2tainment
Venture Round in 2017
2tainment GmbH is a video game publisher and developer based in Magdeburg, Germany, founded in 2014. The company specializes in creating and marketing both hardware and software entertainment products on an international scale. Its portfolio includes various games such as Tech Corp, BIOTOPE – Aquarium Simulator, Air Missions: HIND, Super Street, Club Manager 2017, and Crashday. In addition to game development, 2tainment focuses on enhancing player experiences through high-quality PC, mobile, and video game accessories, including game pads, charger stations, and keyboards. The company also emphasizes virtual and augmented reality, not only creating its own content but also supporting external studios. Beyond gaming, 2tainment engages in research and development projects, aiming to improve medical treatment methods through its expertise in VR and AR technologies. This dual focus on entertainment and healthcare positions 2tainment as a versatile player in the gaming industry.
Digital Republic Media Group
Seed Round in 2017
Digital Republic Media Group GmbH is a software as a service (SaaS) company based in Halle, Germany, specializing in digital marketing and gaming solutions. Founded in 2010, the company focuses on delivering integrated software solutions tailored for small and medium-sized enterprises, startups, and freelancers. By providing innovative tools, Digital Republic Media Group aims to empower users to achieve their objectives more efficiently and effectively.
TESVOLT
Series A in 2017
TESVOLT GmbH, established in 2014 and headquartered in Wittenberg, Germany, specializes in the development and manufacturing of lithium battery storage systems aimed at the commercial and industrial sectors. As a recognized leader in energy storage solutions in Germany and Europe, TESVOLT produces intelligent lithium storage systems with power capacities ranging from 10 kilowatt hours to several megawatt hours, all manufactured in a carbon-neutral gigafactory. Their products facilitate companies in reducing energy dependency and contribute to the transition toward renewable energy sources, including solar, wind, and biogas. The company has been acknowledged with various awards for its innovative approaches, driven by its co-founders Daniel Hannemann and Simon Schandert, who have extensive experience in the photovoltaic sector. TESVOLT's focus on developing economical storage solutions is complemented by its commitment to safety and quality, as evidenced by TÜV certification for its products.
InvenSor
Series D in 2017
InvenSor GmbH, founded in 2006 and based in Berlin, Germany, specializes in the development and production of chillers that utilize heat for cooling purposes. The company focuses on various cooling systems, including low and high-temperature chillers, system components, and cooling and power packs. Its innovative chillers harness waste heat from combined heat and power (CHP) units, solar installations, and industrial production processes, employing advanced zeolite technology. This approach allows for eco-friendly and efficient cooling solutions, ideal for applications such as cooling ceilings, floor cooling, and circulating air cooling in a range of settings, including bakeries, offices, sports facilities, care homes, and residential buildings.
Retresco
Series B in 2016
Retresco GmbH, founded in 2008 and based in Berlin, Germany, specializes in developing search engine software utilizing artificial intelligence and natural language generation. The company automates content-driven business models by offering services such as semantic searches, information extraction, and real-time content aggregation. Its innovative technologies are employed by notable clients, including regional newspapers and major organizations like Axel Springer and the Federal Ministry of Health. Retresco’s solutions help streamline complex and time-consuming editorial processes, effectively replacing traditional content creation for areas like weather and sports reporting. In the financial sector, the platform generates asset performance reports and other financial documents in real time, leveraging comprehensive data analysis to produce personalized content. With a growing team, Retresco is expanding its presence across several European countries, enhancing the efficiency of content management in various industries.
UniNow
Seed Round in 2016
UniNow GmbH is a company based in Magdeburg, Germany, that specializes in developing a mobile application aimed at helping students manage their university life. The app provides features such as access to campus information, including notes, timetables, and research topics, allowing students to organize their daily schedules efficiently. UniNow plans to expand the app's availability to additional universities across Germany, targeting the connection of up to 15 new institutions each month. By mid-2016, the company aims to have its app accessible at 100 universities, enhancing the academic experience for a larger student population.
Emperra
Series B in 2016
Emperra E-Health Technologies, founded in 2008 and located in Potsdam, Germany, specializes in developing tele-medical products for diabetes management. The company focuses on creating systems that facilitate the tracking, monitoring, and transmission of diagnostic and therapeutic data for diabetic patients. Emperra's innovative solutions include a Bluetooth-enabled insulin pen and a wireless blood glucose meter, which provide healthcare professionals with essential therapy information. These products enable doctors and nurses to effectively monitor patients' insulin doses, blood sugar levels, and carbohydrate intake, improving overall diabetes care.
Indalyz Monitoring & Prognostics
Seed Round in 2016
Indalyz Monitoring & Prognostics GmbH, founded in 2015 and based in Halle, Germany, specializes in developing intelligent software for predictive and preventative machine monitoring. The company offers a range of products, including Casis, Q.Punkt, Health parameter, and Ventum, designed to monitor and control complex industrial plants, machinery, and vehicles. Its software solutions are capable of predicting damaging events before they occur, thereby enabling clients to reduce maintenance costs and significantly enhance operational availability. By providing comprehensive analysis and identifying actual problems, Indalyz empowers clients to manage system monitoring independently, ensuring efficient and reliable operations.
Silicon Radar
Grant in 2015
Silicon Radar GmbH, founded in 2006 and based in Frankfurt, Germany, specializes in designing and delivering millimeter-wave integrated circuits for various applications, including radar solutions, phased-array systems, and wireless communications. The company operates as a fabless provider, focusing on the development and supply of both customer-specific and standard high-frequency integrated circuits. Its offerings include millimeter-wave ICs for distance measurement, terahertz imaging, and bio-sensing applications. Silicon Radar is distinguished by its comprehensive approach, handling development, testing, assembly, and sales internally. The expertise of its founders and designers in analog high-frequency IC design stems from extensive research at the IHP Innovations for High Performance Microelectronics, a scientific institute affiliated with the Leibniz Association.
Trinckle
Seed Round in 2015
Trinckle is a Berlin-based company specializing in software solutions for additive manufacturing. Its primary product, paramate, automates design processes and offers a platform for advanced product configuration. This technology allows for customer-specific adaptations across various applications, including tailored prostheses, optimized industrial components, low-volume jigs and fixtures, and personalized lifestyle products. By leveraging industrial machines and automated processes, Trinckle's platform streamlines complex design tasks, enabling businesses to efficiently transform digital designs into 3D printed products. This approach not only enhances customization but also makes 3D printing services more accessible and cost-effective for a diverse range of industries.
iversity
Venture Round in 2015
iversity GmbH is a German-based company, established in 2010, that operates an online learning platform for higher education and professional development. It enables universities, non-profits, and knowledge-based companies to share courses, awarding recognized credentials, with learners worldwide. The platform offers a wide range of courses across various disciplines, with some conferring ECTS credits. Learners can access courses for free, but pay for certificates and grades upon completion. Instructors can create innovative teaching formats using multimedia materials and direct student feedback. As of 2017, iversity operates as a subsidiary of Springer Nature.
Flying Circus Internet Operations
Seed Round in 2015
Flying Circus Internet Operations GmbH, established in 2014 and based in Halle, Germany, specializes in the agile development and stable operation of web applications. The company implements DevOps principles, fostering collaboration between developers and system administrators to optimize application performance. With over fifteen years of experience in agile web development, Flying Circus offers a range of services, including infrastructure management, platform operations, and ongoing support. The team's expertise is geared towards delivering reliable and efficient solutions tailored to meet the needs of their clients.
Arzneimittelwerk Warngau
Series B in 2015
Arzneimittelwerk Warngau develops and markets drug delivery systems. Its portfolio includes active ingredient/biodegradable implants and transdermal systems in the areas of oncology, pain therapy, and neurology. It focuses on transdermal passive and microchip controlled patches, as well as subcutaneous biodegradable implants. Wilfried Fischer founded Arzneimittelwerk Warngau in 2008. It has its headquarters in Warngau in Germany.
Distribusion
Seed Round in 2015
Distribusion Technologies GmbH is a transportation technology company based in Berlin, Germany, that specializes in developing a distribution system for intercity and shuttle bus rides. Founded in 2012, the company operates a platform that connects travel resellers—including online travel agencies and mobility websites—with bus operators globally. This platform offers bus operators tools to manage rides, sales channels, and bookings, along with an online booking engine for direct reservations and system integration for seamless connections with travel resellers. Distribusion facilitates ticket sales through a standardized API, allowing online retailers to sell tickets for various carriers without the need for individual contracts. The company's solutions are utilized by major ground transportation providers and aim to enhance the accessibility of ground travel by simplifying the booking process for customers.
Lipocalyx
Seed Round in 2013
Lipocalyx GmbH, based in Wolfen, Germany, is a newly established company specializing in the development of transfection reagents utilizing innovative polymers. The company focuses on creating novel polymer-based transfectants specifically designed for the delivery of small interfering RNA (siRNA). This technology facilitates gene silencing, offering a highly efficient, user-friendly, and low-toxicity solution for transfection. Lipocalyx aims to advance drug-delivery methods by providing a new generation of reagents that enhance the effectiveness of oligonucleotide therapies in medical applications.
InvenSor
Seed Round in 2012
InvenSor GmbH, founded in 2006 and based in Berlin, Germany, specializes in the development and production of chillers that utilize heat for cooling purposes. The company focuses on various cooling systems, including low and high-temperature chillers, system components, and cooling and power packs. Its innovative chillers harness waste heat from combined heat and power (CHP) units, solar installations, and industrial production processes, employing advanced zeolite technology. This approach allows for eco-friendly and efficient cooling solutions, ideal for applications such as cooling ceilings, floor cooling, and circulating air cooling in a range of settings, including bakeries, offices, sports facilities, care homes, and residential buildings.
EUCODIS Bioscience
Venture Round in 2012
EUCODIS Bioscience GmbH is a manufacturer of enzyme solutions that cater to various industries, including biopharma, fine chemicals, and cosmetics. Established in 2007 and based in Vienna, Austria, with a subsidiary in Germany, the company produces a diverse range of enzymes such as lipases, peroxidases, and nitrile hydratases. These enzymes facilitate applications including the stereospecific resolution of chiral alcohols and acids for active pharmaceutical ingredient synthesis, the production of sensitive esters, and the selective hydrolysis of fatty acids. Additionally, EUCODIS offers services in protein and enzyme engineering, bioprocess development, and industrial manufacturing. Their products are utilized by leading companies in the chemical, pharmaceutical, food, and cosmetics sectors to enhance production efficiency and comply with environmental standards.
Flightright
Venture Round in 2011
Flightright is a company based in Potsdam, Germany, that specializes in assisting air travelers in obtaining compensation for flight disruptions, such as delays, cancellations, and overbookings. Founded in June 2010, Flightright provides an online platform that offers advisory services and information about passenger rights in air travel. The company aims to simplify the claims process, allowing customers to pursue compensation without upfront costs through a no-win, no-fee model. By leveraging its legal portal, Flightright helps consumers navigate the complexities of air passenger claims management, ensuring they receive the compensation they are entitled to in a timely manner.
brand eins Verlag
Seed Round in 2011
brand eins Verlag is a Germany-based company that publishes business magazines and other publications for its customer base.
BestSearch Media
Venture Round in 2010
BestSearch Media GmbH, founded in 2009 and based in Potsdam, Germany, specializes in search engine technology and operates booking portals. The company is known for its platform BestFewo, which offers the largest selection of holiday homes in Germany, featuring over 55,000 holiday flats and houses that can be booked online without additional fees. BestFewo collaborates with local tourist information centers and has received recognition for its service quality, including the German Quality Service Certificate in 2010.
komoot
Series A in 2010
Komoot GmbH, founded in 2010 and based in Potsdam, Germany, specializes in outdoor navigation through its application that facilitates the planning and tracking of cycling and hiking tours. The app provides users with access to topographic maps, real-time navigation, and personalized recommendations, allowing for customized outdoor adventures. It also enables users to share their experiences and leverage insights from the outdoor community to enhance their exploration. By combining user-friendly features with detailed statistics on tour length and terrain, Komoot aims to make outdoor adventures more accessible and enjoyable for everyone.
TME Pharma
Series D in 2010
TME Pharma is a clinical-stage biopharmaceutical company focused on enhancing cancer treatment by targeting the tumor microenvironment. The company develops biostable aptamers and mirror image nucleic acids, with its leading drug candidates, NOX-A12 and NOX-E36, derived from a novel class of therapeutics known as Spiegelmers. These compounds are designed to improve the effectiveness of existing cancer therapies by offering specific advantages over traditional drug classes. TME Pharma maintains a strategic alliance with Pfizer, Inc., underscoring its commitment to advancing innovative treatment options in oncology. The company is headquartered in Berlin, Germany.
Vivoryon Therapeutics
Series B in 2009
Vivoryon Therapeutics AG is a clinical stage biopharmaceutical company based in Halle, Germany, specializing in the research and development of therapeutic products for Alzheimer's disease and cancer. The company's lead candidate, PQ912, is a small molecule QC inhibitor that has completed Phase IIb clinical trials for Alzheimer's disease and is also being explored for cancer treatment. Additionally, Vivoryon is developing PQ1565, a small molecule inhibitor targeting glutaminyl-peptide cyclotransferase-like for cancer therapy, along with a monoclonal antibody aimed at enhancing the clearance of toxic pyroglutamate-Abeta. The company collaborates with various institutions, including the University Medical Center Schleswig-Holstein and Nordic Bioscience, to advance its clinical and research initiatives. Originally founded in 1997 as Probiodrug AG, the company rebranded to Vivoryon Therapeutics AG in June 2019.
Oxid eSales
Venture Round in 2008
OXID eSales AG, headquartered in Freiburg, Germany, specializes in multi-channel e-commerce solutions, offering open source shopping cart software known as OXID eShop. Founded in 2003, the company serves both business-to-business (B2B) and business-to-consumer (B2C) markets, providing scalable and customizable e-commerce platforms. Major clients such as Lekkerland, Strenesse, Intersport, Gravis, and Deutsche Post utilize OXID's solutions for their online operations. The platform is designed for flexibility and rapid deployment, supported by a network of over 100 certified solution partners. OXID eShop integrates with the OXID eFire intelligence platform, which facilitates cloud-based e-commerce management, including online marketing, payment services, and intelligent search functionalities. This commercial open source software approach ensures high-quality development and long-term investment security for users, making it a valuable choice for medium-sized companies seeking to enhance their digital sales processes.
EUCODIS Bioscience
Venture Round in 2007
EUCODIS Bioscience GmbH is a manufacturer of enzyme solutions that cater to various industries, including biopharma, fine chemicals, and cosmetics. Established in 2007 and based in Vienna, Austria, with a subsidiary in Germany, the company produces a diverse range of enzymes such as lipases, peroxidases, and nitrile hydratases. These enzymes facilitate applications including the stereospecific resolution of chiral alcohols and acids for active pharmaceutical ingredient synthesis, the production of sensitive esters, and the selective hydrolysis of fatty acids. Additionally, EUCODIS offers services in protein and enzyme engineering, bioprocess development, and industrial manufacturing. Their products are utilized by leading companies in the chemical, pharmaceutical, food, and cosmetics sectors to enhance production efficiency and comply with environmental standards.
BECIT
Seed Round in 2007
BECIT GmbH is a company based in Wolfen, Germany, with an additional office in Halle. It specializes in microbiological, biochemical, biomolecular, chemical, and physical analyses of food products, beverages, cosmetics, and other consumer goods. The company provides comprehensive laboratory services, including food diagnostics that range from sampling to analysis, as well as consulting and management solutions. BECIT advises corporate clients on quality assurance, environmental protection, and occupational safety, helping them implement effective quality and environmental management practices. Through its expertise, BECIT enables researchers to conduct rapid detection and identification tests for microorganisms, supporting the safety and integrity of consumer products.
MetraTec
Seed Round in 2006
metraTec GmbH is a German company that specializes in the manufacturing and supply of RFID hardware products. Based in Magdeburg and founded in 2006, metraTec offers a diverse range of products including HF and UHF readers, UHF gates, RFID readers/writers, antennas, transponders, and RFID modules. These products are utilized across various applications such as logistics, document management, access control systems, and e-ticketing. The company serves multiple industries, focusing primarily on logistics, healthcare, and security, and provides both standard and custom solutions to system integrators, OEM customers, and research institutions, particularly in Europe. In addition to RFID technology, metraTec also develops solutions for indoor localization, wireless mesh communication, and wireless power transmission, contributing to advancements in the Internet of Things. The company was previously known as metraTec RFID Solutions until its name change in 2008.
MR Confon
Venture Round in 2004
MR Confon GmbH, based in Magdeburg, Germany, specializes in developing and selling advanced equipment for magnetic resonance imaging (MRI). Founded in 2000, the company originated from the Leibniz Institute for Neurobiology, focusing on non-invasive brain imaging. MR Confon offers a range of products, including communication devices designed to enhance patient comfort and facilitate better interactions between patients and medical staff during MRI procedures. The company's offerings include Starter F, GRAD-EX 01, ANC Level 01, and Easy Starter, all aimed at improving imaging diagnostics. In addition to product development, MR Confon also engages in the acquisition and sale of patents and licenses, collaborating with regional partners and established German manufacturers in the medical technology sector.
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