odoscope GmbH, an innovative Operational Intelligence platform and technology provider, has carried out a successful capital increase and secured growth funding from J.F. Müller & Sohn AG and from Dr. Engelhardt, Kaupp, Kiefer Unternehmensbeteiligungen GmbH (EKKUB).
The additional growth funding will help odoscope to further strengthen its distribution network and facilitate its international roll-out across countries outside of Germany.
Dr.-Ing. Ralph Hünermann, CEO of odoscope, states: "We are delighted that we have been able to involve J.F. Müller & Sohn AG as our new partner and additional investor. We very much look forward to the support of Müller & Sohn specifically in our continued company roll-out."
As part of the transaction, existing odoscope shareholder EKKUB (Dr. Engelhardt, Kaupp, Kiefer Unternehmensbeteiligungen GmbH) has also increased its equity share in odoscope.
Specific deal terms were not disclosed.
BELGRAVIA & CO. acted as exclusive financial advisor to odoscope in this transaction.
odoscope is a Big Data analytics software technology company based in Cologne/Germany. The company has developed a next-generation technology for prescriptive real-time Big Data analysis. odoscope’s technology adds value across multiple applications including B2B-eCommerce, Customer Care, Marketing & Advertising and Offline Retail. In its B2B application, odoscope enables real-time web shop optimization to increase conversion rates and reduce product returns.
About J.F. Müller & Sohn AG
J.F. Müller & Sohn AG (“Müller & Sohn”) is a Hamburg/Germany-based investment holding company. Müller & Sohn is focused on equity investments in high-growth technology companies and on succession solutions for established middle-market companies.
Dr. Engelhardt, Kaupp, Kiefer Unternehmensbeteiligungen GmbH (EKKUB) is a Stuttgart/Germany-based, independent investment company. EKKUB primarily invests in technology-based companies with a proven business model and strong growth perspectives.