# Smycles

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

- Industry: Software
- Headquarters: Dortmund, Germany
- Website: www.smycles.com
- Total disclosed funding: $4.1M
- Investors on record: 3

## About

Based in Germany, Smycles GmbH develops an AI-driven team-matching platform that enhances team dynamics and performance by leveraging both human insights and artificial intelligence.Smycles GmbH, founded in 2023 and headquartered in Dortmund, Germany, specializes in creating advanced platforms for team optimization and dynamics. The company has successfully completed one funding round, raising EUR 2 million in Seed funding led by S-Venture Capital Dortmund on February 18, 2026. This funding has brought the total amount raised to EUR 2 million, with a current company valuation of EUR 21.178 million.SMYCLES offers an innovative team-matching platform designed to enhance team dynamics and performance through a combination of human and artificial intelligence. The platform focuses on creating synergistic, cross-functional teams by assessing not only technical skills but also personal attributes that contribute to team chemistry and psychological safety. By utilizing its AI-based matching algorithm, SMYCLES enables organizations to form high-impact teams that can swiftly adapt to evolving tasks and market demands. The platform emphasizes the importance of Human Fit, integrating hybrid tools and AI agents to facilitate data convergence across various industries, thus breaking down knowledge silos. SMYCLES serves a diverse clientele, including businesses across multiple sectors, aiming to optimize team formations and internal mobility in markets throughout Europe and North America.Revenue generation for SMYCLES is structured around subscription-based services, allowing organizations to access its platform for team optimization. Clients engage in transactions that typically involve a tiered pricing model based on the number of users or teams utilizing the software. The platform's offerings include flagship services such as team profiling, AI-enhanced project matching, and performance analytics, all of which are integral to fostering effective collaboration and innovation. Partnerships with enterprises facilitate the integration of SMYCLES' tools into existing workflows, driving long-term value for users and enhancing project outcomes. This structured approach positions SMYCLES to effectively cater to the growing demand for advanced team management solutions across its target markets.In February 2026, Smycles GmbH raised EUR 2 million in Seed funding led by S-Venture Capital Dortmund. The company plans to utilize this funding to support its growth and expansion of its team mining workforce. Smycles aims to launch new features on its platform that enhance team matching capabilities and intends to expand its market presence in North America and additional European countries by mid-2026.

## Funding rounds

- Round, Oct 20, 2026, $1.7M — IBG-Fonds, bmp Ventures AG
- Seed, Feb 18, 2026, $2.4M — S-Venture Capital Dortmund

## Investors

- S-Venture Capital Dortmund (https://capitalatlas.ai/funds/s-venture-capital-dortmund) — Seed
- IBG-Fonds
- bmp Ventures AG