myo was part of the 8th SpinLab class. Photo: myo

TVM Capital Life Science, a leading transatlantic venture capital firm focused on investments in life sciences innovation, announced the closing of a Series A financing round for myo, a pioneering Berlin-based digital healthcare startup. TVM led the round, investing €8 million. The proceeds will be used to further grow the business in the DACH region as well as in the UK. This will include expanding marketing capacity and enhancing service quality for existing customers, as well as developing new modules. Dr. Sascha Berger, General Partner, and Stefan Fischer, Managing Partner (Finance) of TVM, will join the myo Board of Directors.

myo was founded in 2018 with the goal of relieving employees in care homes through digital solutions and bringing more transparency, participation and appreciation to the sector. The company’s communication app enables care facilities, families and service providers to communicate with each other easily, quickly and digitally. Families are able to participate in their loved ones' everyday lives by receiving pictures, videos and documents as well as making video calls. Additional modules for the app simplify important but time-consuming administrative tasks, including ordering meals, monitoring complaints, and managing key external services such as laundry providers and pharmacies. This saves time and money and improves documentation. myo services approximately 400 customers in the DACH region and the UK.

Energiekoppler, an innovative software company specializing in energy management solutions and born from the collaboration of two prestigious institutes - the Institute for Electrical Power Supply and High Voltage Technology, and the Institute for Building Energy Technology at Dresden University of Technology - has successfully concluded its Series A financing round. The cleantech company ElectroFleet has entered as an additional strategic investor, joining existing investors LEAG and TGFS - Technologiegründerfonds Sachsen. This financing round ensures the continued development of Energiekoppler's products and the expansion of its sales activities.

Succesful venture clienting

The team commenced its journey in 2018 with the BMWi's EXIST research transfer funding and later secured a spot as one of nine startups in the prestigious SpinLab Accelerator program in autumn 2019. By November 2021, Energiekoppler achieved a milestone by closing its initial financing round backed by LEAG and Technologiegründerfonds Sachsen (TGFS). Notably, LEAG's partnership, fostered during the Spinlab accelerator program, resulted in them becoming Energiekoppler's first customer. Read here more about the collaboration between the energy startup and LEAG.

In 2022, consumers worldwide spent 24 billion USD on green energy, often with little information about its source. Granular Energy, a startup that has raised 7.5 million EUR, aims to enhance transparency in green energy procurement and direct consumer spending to where and when clean energy is most urgently needed. The funding round was led by the venture capital firm Norrsken VC, with support from All Iron Ventures, Box Group, Valo Ventures, and participation from existing investors Seedcamp, Revent, and Powerhouse Ventures. The startup provides a new software category to energy providers, automating the management and allocation of energy certificates, improving operational efficiency, reducing risks, and allowing energy providers to offer their customers a completely new level of transparency by showing consumers exactly where their energy comes from and when it was generated (along with the associated carbon emissions). Granular Energy is part of the latest SpinLab startup class.

While there are currently no legal regulations mandating such disclosure, some energy providers are already voluntarily offering this information in response to the growing demand from business customers for greater transparency. The interest is substantial, and Granular Energy's software is already being used by 25 energy providers in 9 countries worldwide.