# Fineway

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fineway

- Industry: Internet
- Headquarters: Munich, Germany
- Website: www.fineway.de
- Total disclosed funding: $18M
- Latest round: Series A (Nov 29, 2018)
- Investors on record: 7

## About

Fineway GmbH is a technology company that specializes in providing innovative travel solutions, focusing on enhancing user experience through advanced data analytics and machine learning tools.Fineway GmbH was founded in 2015 and is headquartered in Munich, Germany. The company focuses on developing travel-related software solutions that leverage data for improved customer decision-making. Notable founders Dana Nedamaldeen and Markus Bohl have a history of innovation within the tech sector. In November 2018, Fineway GmbH raised EUR 6 million in Series A funding from investors including Wessel Management, APX, Bayern Kapital, and Actori Cee GmbH, bringing the total amount raised to EUR 6 million, with a current company valuation of EUR 45.82 mn. The company has successfully closed 3 deals to date, the most recent being in November 2018.Fineway GmbH develops advanced software solutions tailored for the travel industry, employing data analytics and machine learning tools to enhance the user experience. Their primary offerings assist users in navigating travel options effectively, aiming to provide actionable insights that streamline the planning process. The company serves a diverse range of clients in the travel sector, with a focus on improving operational efficiency and decision-making through their data-driven solutions.Fineway GmbH operates on a subscription-based revenue model, allowing clients to access their software tools through various pricing plans. This structured approach enables businesses to select packages that align with their operational needs, fostering long-term client relationships. Engagements often involve annual or monthly subscriptions, with customization options for different usage scales. Their clientele includes various mid-sized and large enterprises in the travel sector, benefitting from personalized support and continuous software updates.Fineway GmbH plans to utilize its recent Series A funding of EUR 6 million to enhance its product offerings and expand into new markets. The company is focusing on the development of new travel solutions aimed at improving user engagement and efficiency. Future expansion is targeted towards the broader European market, including countries such as Austria and Switzerland, with initiatives expected to roll out by late 2023. The funding will be instrumental in supporting product development and market entry strategies.

## Funding rounds

- Series A, Nov 29, 2018, $6.8M — Bayern Kapital, Wessel Management, Actori Cee GmbH, APX
- Series A, Sep 1, 2017, $8.4M — Bayern Kapital, Axel Springer Digital Ventures, WeltN24 GmbH, Mairdumont Ventures
- Seed, Oct 21, 2015, $2.5M — Bayern Kapital, Mairdumont Ventures, Actori Cee GmbH

## Investors

- Bayern Kapital (https://capitalatlas.ai/funds/bayern-kapital) — Seed, Series A
- Mairdumont Ventures (https://capitalatlas.ai/funds/mairdumont-ventures) — Seed, Series A
- Actori Cee GmbH — Seed, Series A
- Axel Springer Digital Ventures (https://capitalatlas.ai/funds/axel-springer-digital-ventures) — Series A
- WeltN24 GmbH — Series A
- Wessel Management (https://capitalatlas.ai/funds/wessel-management) — Series A
- APX (https://capitalatlas.ai/funds/apx) — Series A