# Soley

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

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.soley.io
- Latest round: Series A (Apr 10, 2018)
- Investors on record: 3

## About

Soley GmbH is a technology company specializing in Product Mining, focused on transforming complex product data into strategic business insights for manufacturing firms across diverse industries.Founded in 2013 and headquartered in Munich, Germany, Soley GmbH develops innovative solutions for product management. The company has completed 3 deals since its inception, with its most recent funding round occurring on August 27, 2019. The founders, Bergen Helms and Maximilian Kissel, sought to enhance product analysis through technology, and Alexander Springer currently serves as CEO.Soley specializes in a technology called Product Mining, which provides actionable insights from complex product data. Their primary offering, the Product Mining Platform, evaluates entire product portfolios to identify dependencies, risks, and opportunities in the supply chain. Prominent clients include Bosch Rexroth, Viessmann, and Hansgrohe, with a focus on decision-makers in product management and supply chain roles aiming to improve operational efficiency.Soley generates revenue through a subscription-based model for its Product Mining Platform, offering annual contracts with varying service tiers based on client needs. The business operates predominantly on a B2B basis, forming partnerships with manufacturing companies that seek advanced product management solutions. The revenue model emphasizes long-term client relationships, supported by tailored services and upgrades.In August 2019, Soley GmbH secured an undisclosed amount of venture funding from BayBG, High-Tech Gründerfonds, Vito Ventures, and individual investors. The funds will likely support the development of new products and enhancements to the Product Mining Platform. Soley aims to expand its reach into additional markets across Europe and North America, planning to implement these strategies by 2021.

## Funding rounds

- Series A, Apr 10, 2018 — BayBG, High-Tech Gruenderfonds, Vito Ventures

## Investors

- BayBG (https://capitalatlas.ai/funds/baybg) — Series A
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Series A
- Vito Ventures (https://capitalatlas.ai/funds/vito-ventures) — Series A