Extorel

Extorel GmbH, established in 1997 and based in Munich, is a family office focused on venture investments in technology companies throughout Germany. The firm primarily targets B2B enterprises within the electronics, laser and semiconductor, and information and web technology sectors. Originally a spin-off from the University of Heidelberg, Extorel has also developed core technologies for high-density Active Optical Cables (HD-AOC), which facilitate signal transmission over long distances, surpassing the capabilities of traditional electrical interconnects. This technology has been exclusively licensed to the firm, allowing it to create comprehensive solutions for interconnecting clusters of various sizes, from a few nodes to 64,000 nodes.

Dr. Daniel Bohlmann

Investment Director

Mathias Lindermeir

Managing Director

Sebastian Steuer

Investment Director

Falk F. Strascheg

Partner

Renate Strascheg

Partner

11 past transactions

iThera Medical

Series C in 2018
iThera Medical GmbH, founded in 2010 as a spin-off from the Helmholtz Zentrum München, specializes in biomedical imaging technology, particularly multi-spectral optoacoustic tomography (MSOT). Based in Munich, Germany, the company develops innovative photonic molecular imaging solutions that generate tissue images by utilizing intrinsic optical properties of tissues. iThera Medical's technology has diverse applications, including the analysis of angiogenesis, tumor hypoxia, and molecular probe distribution for cancer diagnosis and treatment. It also aids in imaging conditions related to cardiovascular diseases, such as cardiac arrhythmia and ischemia, along with neurodegenerative diseases and stroke. Additionally, the technology facilitates the visualization and quantification of changes in drug delivery and organ function, enhancing the understanding of biodistribution and pharmacokinetics of therapeutics and diagnostic probes. Through its commitment to advancing MSOT technology, iThera Medical aims to improve preclinical and clinical applications in various medical fields.

Mr Beam Lasers

Series A in 2018
Mr Beam Lasers GmbH, founded in 2014 and based in Munich, Germany, specializes in developing compact laser cutters designed for desktop use. Their innovative products feature camera-based document positioning and can be controlled via a web browser, making them accessible for various users. The company's laser cutters serve a diverse clientele, including small businesses, professional service providers, educational institutions, and individual customers interested in creative and artistic projects. By simplifying the process of digital cutting and engraving, Mr Beam Lasers lowers the barriers to entry for automated labeling, personalization, and prototyping. Their integrated ecosystem includes online design resources, material shops, and service hubs, enabling a broader audience to engage with technology that was previously limited to industrial applications.

NextMarkets

Series A in 2016
NextMarkets GmbH, founded in 2014 and based in Cologne, Germany, offers an intuitive web and mobile trading platform aimed at empowering private investors in capital markets. The platform allows users to trade over 1,000 contracts for difference (CFDs) on various asset classes, including equities, foreign exchange, bonds, and commodities. Recognizing that more than 80 percent of private investors typically struggle in the stock market due to behavioral economic factors, NextMarkets provides educational resources and trading strategies to enhance users' understanding and decision-making capabilities. By focusing on sustainable trading practices, the company strives to improve the overall experience and success rate of individual investors in navigating financial markets.

Testbirds

Venture Round in 2016
Testbirds GmbH provides crowdtesting services in Europe. The company specializes in testing applications for mobile devices that are based on various operating platforms, such as Apple iOS, Google Android, Windows Phone, and Blackberry OS, as well as Web applications, including online-stores, Websites, and games. It finds bugs and usability issues, and offers advice, tips, and suggestions for the improvement of the usability of software. The company was founded in 2011 and is based in Munich, Germany with additional offices in the Netherlands; the United Kingdom; and Budapest, Hungary.

Altruja

Venture Round in 2013
Altruja GmbH offers Internet-based social fundraising software to collect donations online. The company also provides services, such as Altruja-SMS, an SMS fundraising campaign; and social media consulting, consultancy of fan Websites, establishment and maintenance of Twitter accounts, and programming of homepages. Altruja was founded in 2010 and is based in Munich, Germany.

Adviqo

Series D in 2007
Adviqo, founded in 2000 and based in Berlin, Germany, is a leading diversified media group that focuses on female audiences through various online and offline platforms. The company specializes in live counseling services, offering life advice, therapeutic counseling, and coaching. With over 350 employees and operations in five countries, Adviqo manages television channels, online marketplaces, eCommerce sites, and mobile applications. The company collaborates with prominent women's magazines and major online portals, positioning itself as a key content partner in the advice sector. Adviqo's management team comprises experienced professionals from notable companies, and it has attracted investment from reputable firms. This combination has resulted in significant revenue growth and profitability, solidifying Adviqo's status as a market leader in its niche.

Datango

Series A in 2006
datango AG, founded in Berlin in 1999, specializes in enhancing the user experience within software applications. The company offers a learning experience platform that aids organizations and their employees in the efficient introduction and operation of enterprise applications. This platform features navigation assistance in live systems and automates the creation and translation of process documentation, training manuals, software simulations, and e-learning environments. By doing so, datango enables clients to ensure seamless functionality during software rollouts, change management initiatives, and the development of new documentation. Since 2006, the company has received support from Hasso Plattner Ventures and Falk Strascheg Holding to expand its global reach. In 2007, datango expanded its capabilities by acquiring the Knowledge and Performance Solutions unit from the Swedish company Enlight AB.

FACTON

Series A in 2006
FACTON GmbH specializes in enterprise product costing software that supports small and medium-sized enterprises as well as large corporations in analyzing, calculating, simulating, and optimizing product costs. Founded in 1998 and headquartered in Dresden, Germany, with additional offices in Potsdam, Stuttgart, and Novi, Michigan, FACTON offers solutions tailored for industries such as automotive, aerospace, machinery, and high technology. The company's flagship product, FACTON EPC, is a comprehensive solution that enhances transparency in product costing by integrating financial and engineering perspectives. This software enables organizations to standardize costing processes across various departments and locations, ensuring accuracy and profitability while facilitating timely cost assessments throughout the product lifecycle. Since 2006, FACTON has received support from Hasso Plattner, founder and chairman of SAP AG, further solidifying its position in the market.
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