# ToolSense

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

- Industry: Software
- Headquarters: Vienna, Austria
- Website: www.toolsense.io
- Total disclosed funding: $12M
- Latest round: Series A (Dec 12, 2022)
- Investors on record: 6

## About

Based in Austria, ToolSense GmbH operates as a provider of an advanced Asset Operations Platform, enhancing asset management across diverse sectors such as construction, energy, and education.ToolSense GmbH specializes in developing solutions for asset management. Founded in 2017 and headquartered in Vienna, Austria, the company was established by Alexander Manafi, Benjamin Petterle, and Rostyslav Yavorskyi. The most recent funding round occurred on December 12, 2022, where ToolSense raised EUR 8.000 mn in Series A funding, led by PwC Germany with participation from Matterwave Ventures Management and aws Gründerfonds. The total amount raised by the company now stands at EUR 8.000 mn across four deals.ToolSense provides an advanced Asset Operations Platform designed to optimize asset management across various industries, including construction, education, energy, and facility management. The core offerings include work order management, maintenance management, parts and inventory management, and equipment safety inspections, all powered by IoT technology and AI-driven analytics. These solutions streamline operations by facilitating real-time tracking of assets, automating maintenance workflows, and enhancing data-driven decision-making. ToolSense caters to a diverse clientele that includes equipment manufacturers, facility managers, and educational institutions, primarily serving markets in Europe, North America, and Asia. By addressing inefficiencies associated with traditional asset management methods, ToolSense helps organizations reduce operational costs, improve asset utilization, and enhance overall productivity.ToolSense operates on a subscription-based revenue model, catering primarily to business-to-business (B2B) clients. The transactions typically involve annual or monthly subscription fees based on the number of assets managed within the platform. Clients gain access to a suite of services, including real-time fleet tracking, maintenance management, and customized reporting tools. Pricing structures are designed to accommodate various client needs, ranging from small operations to large enterprises, enabling organizations to scale their usage as needed. By leveraging its technology to deliver value through enhanced asset oversight and operational efficiency, ToolSense positions itself as a strategic partner to its clients' asset management initiatives.In December 2022, ToolSense GmbH raised EUR 8.000 mn in Series A funding to support product development and strengthen marketing efforts. The company plans to expand its offerings with new products aimed at enhancing asset management capabilities, although specific release dates have not been disclosed. ToolSense is also targeting expansion into new geographic markets, focusing on increased presence in North America and Asia by the end of 2023.

## Funding rounds

- Series A, Dec 12, 2022, $8.4M — aws Fondsmanagement, PwC Germany, Matterwave Ventures Management
- Seed, Jul 28, 2020, $3.5M — b2venture, aws Fondsmanagement, Segnalita Ventures, Martin Global AG
- Seed, Oct 25, 2018, $0.1M — aws Fondsmanagement, Segnalita Ventures

## Investors

- aws Fondsmanagement (https://capitalatlas.ai/funds/aws-fondsmanagement) — Seed, Series A
- Segnalita Ventures — Seed
- b2venture (https://capitalatlas.ai/funds/b2venture) — Seed
- Martin Global AG — Seed
- PwC Germany — Series A
- Matterwave Ventures Management (https://capitalatlas.ai/funds/matterwave-ventures-management) — Series A