The Jena start-up receives new financing from Carsten Maschmeyer´s seed + speed, the HDI Group, Smart Infrastructure Ventures and existing Investors
The Jena IT security start-up Enginsight has concluded a seven-figure seed financing round. In addition to all existing investors, led by bm|t, the early-stage investor seed + speed Ventures of Carsten Maschmeyer, the HDI Group, and Smart Infrastructure Ventures also participated in the financing round.
Enginsight at a Glance
Enginsight is an IT security company, founded in 2017 by Mario Jandeck and Eric Range. With the cybersecurity solution of the Jena-based start-up, companies´ entire IT infrastructure can be completely automated, monitored, and analyzed within a very short time. Information about security gaps or configuration deficiencies are shown as well as cyber attacks that are currently taking place in real-time. Even changing sides is possible for the customer: At the push of a button the software of Enginsight can simulate hacker attacks and attack the own company. Thus, weak points are identified which can be eliminated before real damage actually occurs.
Enginsight thus offers an efficient and simple solution for the security problems of medium-sized businesses to master the risks posed by the increasing complexity of networked systems and the massive increase in cyber attacks.
Capital for growth, development, and expansion
The current round of financing brings three new investors on board: the early-stage investor seed + speed Ventures from Berlin, the HDI Group from Hannover, and Smart Infrastructure Ventures from Leipzig. In addition, all existing investors also invested. The capital will be used to support the company´s next growth steps. In concrete terms: additional technical staff will be hired and a professional sales structure and an extensive partner network will be established. Enginsight has its sights firmly set on German market leadership in the IT monitoring category.
In 2017, bm‑t beteiligungsmanagement (bm|t) and the Family VCs and Business-Angels Brandenburg Ventures and Paysmark Verwaltungs- und Beteiligungsgesellschaft participated in a pre-seed financing round. At that time, the capital was used to finance tech development and initial marketing steps.
«We want to make the world a bit safer. We work every day with the greatest passion to achieve this goal. The investment as well as the network and know-how of the investors will help us to develop the market even faster», said Mario Jandeck, CEO and founder of Enginsight. Co-Founder Eric Range added: «Our offer has been very well received in the market, so we are now looking for many new colleagues to work with us on a secure IT future for companies».
Alexander Kölpin, Managing Director of seed + speed Ventures: «We are very pleased to accompany Enginsight in its next steps in an exciting growth market. With their software, the team solves a highly relevant problem for a large number of companies».
Martin Weldi, Head of Corporate Development at the HDI Group: «Cybersecurity is an important future field for our corporate clients and the HDI Group is already well positioned in this regard. It is therefore only logical for us to invest in a start-up like Enginsight, which offers intelligent cybersecurity solutions for companies».
About Enginsight GmbH
After initial years of professional experience as IT managers in larger companies, Eric Range and Mario Jandeck founded Enginsight in 2017. Their idea to develop innovative IT security software drove the first investment by bm‑t together with the angel investors Brandenburg Ventures and Paysmark. Shortly after the company was founded, multiple awards followed, such as the Thüringer Gründerpreis and KfW-Award. After only two years, the original idea has turned into an innovative and powerful software. Enginsight makes IT security simple and ensures security «made in Germany» for more and more companies.
About seed + speed Ventures
seed + speed Ventures is an early stage investor based in Berlin. The Seed-VC invests in innovative digital business models and new software technologies in the B2B and B2C sector, mainly in the German-speaking countries. Founded by Carsten Maschmeyer, seed + speed, as part of the Maschmeyer Group with offices in Munich, Berlin, Hanover and San Francisco, offers innovative start-ups smart capital and unique sales support.
About HDI Group
HDI is one of the major European insurance groups. Under the umbrella of the Talanx Group with premium income of EUR 39.5 billion (2019) and more than 21,000 employees worldwide the HDI Group is active in Germany and abroad in industrial insurance as well as in private and commercial insurance.
The rating agency Standard & Poor’s assesses the financial strength of the Talanx Primary Insurance Group as A+/stable (strong). Talanx AG is listed on the SDAX of the Frankfurt Stock Exchange as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, WKN: TLX100, Polish trading code: TNX).
About Smart Infrastructure Ventures
Smart Infrastructure Ventures is a venture capital fund that invests in the early stages of start-ups in SmartCity, energy & eHealth and related sectors throughout Germany. The fund was founded by serial entrepreneurs and successful investors, all of whom also invested in the fund themselves. Smart Infrastructure Ventures is the first private VC fund in the new German states.
bm|t is one of the first addresses for investments in Thuringia, Germany. bm|t invests in start-up teams and companies in the Free State with a clear aim of generating positive investment returns. This is how innovation and economic growth in Thuringia are financed. bm|t currently manages eight funds with a total volume of over 400 million euros and invests in innovative companies in nearly all sectors and in all phases of company development — from the start-up and growth phases to buyouts and other succession situations.