# Seniovo

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

- Industry: Construction
- Headquarters: Berlin, Germany
- Website: www.seniovo.de
- Total disclosed funding: $9.4M
- Latest round: Series B (Oct 6, 2022)
- Investors on record: 8

## About

Seniovo GmbH is dedicated to enhancing accessibility in living environments, focusing on barrier-free renovations, particularly in bathrooms, to support individuals with care needs in their daily lives.Founded in 2015, Seniovo GmbH operates from Berlin, Germany, specializing in home modifications for enhanced accessibility. The company has successfully completed 6 deals, with the most recent funding round being a Series B, raising EUR 4.30 mn in November 2023. The company was co-founded by Jonathan Kohl, who has prior entrepreneurial experience. Seniovo has had no notable business pivots or changes in ownership structure and does not have any known subsidiaries.Seniovo specializes in providing barrier-free living solutions and daily assistance, primarily through the renovation of bathrooms to accommodate individuals with care needs. Their core offering includes a comprehensive service for barrier-reducing home modifications, specifically targeting customers with a recognized care level requiring improved accessibility in their living environments. The service allows clients to benefit from significant financial support through direct billing to health insurance providers, effectively minimizing upfront costs for the consumers. This service is designed to enhance the quality of life for elderly individuals and those with disabilities, ensuring they can maintain independence and comfort in their own homes. Seniovo's services are available in various geographical markets across Germany, where the demand for accessible living spaces is growing in response to an aging population.Seniovo generates revenue through a service model that involves direct billing to health insurance providers for home modifications, ensuring that clients are not faced with upfront costs. Typically, clients seeking barrier-free renovations, such as accessible bathrooms, engage with Seniovo’s services based on their care needs assessments. The transactions are structured around a comprehensive service package that includes consultation, measurements, planning, and execution of the renovation process. Pricing for these services is influenced by the subsidies provided by health insurance companies, which help reduce the overall cost to the customer significantly. This model facilitates a seamless transaction process while ensuring that Seniovo delivers a thorough and supportive experience to their clientele.In November 2023, HORNBACH Baumarkt AG agreed to acquire Seniovo GmbH, aiming to enhance its digital processes. The acquisition is expected to support Seniovo's growth in providing more efficient barrier-free living solutions. There are no specific upcoming products mentioned, but the company intends to leverage this acquisition to expand its market presence and innovate its service offerings in accessible living renovations.

## Funding rounds

- Series B, Oct 6, 2022, $4.2M — IBB Ventures, Hevella Capital, PT1, Villeroy & Boch AG, WeRiVer Beteiligungen GmbH & Co. KG, Endot UG, Auwana GmbH
- Series A, Aug 28, 2020, $3M — IBB Ventures, PT1
- Series A, Apr 15, 2019, $2.3M — IBB Ventures, German Media Pool, PT1
- Seed, Oct 1, 2018 — IBB Ventures, German Media Pool, PT1

## Investors

- IBB Ventures (https://capitalatlas.ai/funds/ibb-ventures) — Seed, Series A, Series B
- German Media Pool (https://capitalatlas.ai/funds/german-media-pool) — Seed, Series A
- PT1 — Seed, Series A, Series B
- Hevella Capital — Series B
- Villeroy & Boch AG — Series B
- WeRiVer Beteiligungen GmbH & Co. KG — Series B
- Endot UG — Series B
- Auwana GmbH — Series B