Three former students of the Deggendorf University of Technology founded the start-up Easy2Parts in 2019. They have remained true to their place of study. Easy2Parts is also based in Deggendorf in Lower Bavaria. The young company’s business model is geared towards process efficiency in industrial manufacturing through better supplier management. This article is based on the unique List of the 200 most important venture capital investors in Germany.
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A platform for easy access to components
The idea: to create a platform that allows in an automated way to find suitable suppliers for components and assemblies that have to be manufactured according to technical drawings or 3D models. For this purpose Easy2 Parts offers
an open-interface cloud software with modules for buyers and manufacturers. The supplier search is carried out with the help of artificial intelligence. The platform has interfaces to existing software solutions and supports not only the supplier search but also the processing including request for quotation, checking and ordering. The name of the young company is, so to speak, program: it wants to make it possible to get parts (= easy to parts) easily.
The venture capital investors of Bayern Kapital GmbH have already convinced the three founders. The wholly-owned subsidiary of LfA Förderbank Bayern is providing capital for the further development of the platform and the establishment of sales in the context of a seed financing round. Several business angels and a Nuremberg family office are also involved. Bayern Kapital is using funds from the European Regional Development Fund (ERDF) for its commitment. This is an EU fund that specifically supports economic development in structurally weak regions. Since its foundation in 1995, Bayern Kapital has invested approx. 330 million euros in venture capital financing for 280 innovative technology-oriented companies in the Free State.
Source: Deutsche Startups Picture source: Unsplash