Munich-based riskmethods secures $ 6 million in a Series-A funding round led by EQT Ventures

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riskmethods, a technological market leader in risk identification and risk analysis of global supply chains, just secured about $6 million in its Series-A financing round.

The Munich-based company, which was founded in 2013, has won EQT Ventures as new lead investor. Existing investors Senovo, Point Nine Capital and Bayern Kapital have also participated in the new funding round.

The fresh capital will be used for additional product innovations, an increased presence in Europe, and the setup of a subsidiary in the US.

riskmethods provides its customers with comprehensive supply chain risk management through an innovative SaaS solution, which enables them to identify, evaluate and control risks along the global supply chain in near-real-time.

“Increasing globalization, shifts to new markets, national and international regulatory requirements, and political unrest are causing an increase in risks along our global supply chains – and these risks are constantly evolving,” explains Rolf Zimmer, Managing Director and Co-Founder of riskmethods. “Successful supply chain risk management is a competitive advantage and consequently holds tremendous potential for growth.”

“We are particularly encouraged by our most recent success in the US to use this investment to set up a subsidiary. Furthermore, we will promote the expansion of a partner network, as well as sales and customer success management structures,” adds Rolf Zimmer.

Check out the video below in order to learn more about riskmethods: