# techreach

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

- Industry: Software
- Headquarters: Regensburg, Germany
- Website: www.anybill.de
- Total disclosed funding: $1.9M
- Latest round: Seed (Jul 1, 2022)
- Investors on record: 6

## About

techreach GmbH specializes in digital receipt solutions that streamline the shopping experience by integrating point-of-sale systems with innovative consumer engagement tools.Founded by Lea Frank and Tobias Gubo, techreach GmbH, headquartered in Regensburg, Germany, offers digital receipt technology. The company pivoted its strategy to focus on real-time consumer engagement, enhancing its service offerings. In July 2022, techreach GmbH secured Seed funding of USD 1.90 mn from investors including High-Tech Gruenderfonds and Ilavska Vuillermoz Capital, bringing its total amount raised to USD 1.90 mn and a current company valuation of USD 9.18 mn.anybill offers a digital receipt solution designed to enhance the shopping experience by integrating point-of-sale (POS) systems with real-time consumer engagement tools. Their flagship product allows retailers to issue digital receipts directly at checkout, eliminating the need for paper receipts. This service not only facilitates the seamless transfer of purchase data to customers via QR codes, payment cards, or customer loyalty programs but also enables retailers to analyze consumer purchasing behavior for more personalized marketing efforts. anybill's technology caters to a diverse client base, including major retailers and brands across various sectors such as retail, hospitality, and fuel stations, and it is operational in over nine countries. By bridging the gap between physical and digital shopping experiences, anybill empowers businesses to harness data-driven insights to improve customer relationships and optimize their operational processes.Revenue generation for anybill primarily stems from partnerships with retailers and service providers who implement their digital receipt technology within their POS systems. The company operates on a subscription-based model, where clients pay for the integration and ongoing use of the digital receipt service. Retailers benefit from increased customer engagement capabilities, such as the opportunity to promote loyalty programs and targeted offers through digital receipts. By facilitating a direct link between transactions and consumer preferences, anybill's service enhances the overall shopping experience while driving repeat business. Specific pricing structures for services are aligned with the scale and requirements of each client, ensuring flexibility and alignment with the diverse operational needs of their customer base.Following the Seed funding round completed in July 2022, techreach GmbH plans to utilize the capital to enhance its product offerings and expand into new markets. The company is focused on developing additional features for its digital receipt platform, with an anticipated release later in 2023. Additionally, techreach GmbH aims to enter new geographic regions, specifically targeting the European and North American markets by mid-2024.

## Funding rounds

- Seed, Jul 1, 2022 — SEK Ventures, AUXXO, WENVEST Capital, SixVenture GmbH, Ilavska Vuillermoz Capital
- Seed, Oct 14, 2021, $1.9M — High-Tech Gruenderfonds, SixVenture GmbH, Ilavska Vuillermoz Capital

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- SixVenture GmbH — Seed
- Ilavska Vuillermoz Capital (https://capitalatlas.ai/funds/ilavska-vuillermoz-capital) — Seed
- SEK Ventures — Seed
- AUXXO (https://capitalatlas.ai/funds/auxxo) — Seed
- WENVEST Capital (https://capitalatlas.ai/funds/wenvest-capital) — Seed