The business model of HERO Software GmbH (formerly Lyke GmbH) is characterised by the successful distribution of a cloud-based project and order management software for craft businesses. The experienced founding team of HERO Software is equipped with many years of entrepreneurial experience and has already been successfully awarded several times every year since 2019. The market leader for cloud-based trades software accelerates growth and drives exit.
In July 2022, HERO announces the closing of SERIES A financing of over € 8 million. The SERIES A financing is led by the experienced venture capital firm Cusp Capital, which counts startups and growups such as zalando, Delivery Hero, Uber, Klarna, Westwing or Stylight among its portfolio companies. The successful completion of the HERO round represents the largest VC follow-on financing of a portfolio startup in Companisto's history. Even after the HERO SERIES A financing, Companists are the largest shareholder group after the founders.
Success Facts:
- Leading start-up in the digitalization of the construction industry, which is under pressure to innovate
- Market leader for cloud craftsman software in direct sales
- 2021 with several awards:
- Best company of the year
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- Auszeichnung mit Stevie Award in Gold
- Digital Champions Award - DCA Winner in der Kategorie Digitale Produkte und Dienstleistungen (Auszeichnung durch Telekom und Wirtschaftswoche)
- High incipient scaling in sales
- Strong growth in enterprise value from 3.5 million euros to 19.1million euros post-money valuation (equates to 412.73% increase since first round)
- Series A financing of 2.5 million euros by new and existing shareholders to accelerate growth and drive exit
Roundstats 1 (energieheld):
- financed in Q2 2016
- 226,790 EUR from 541 investors (partial subordinated loan)
- Pre-money valuation was 3.5 million EUR
Roundstats 2 (Lyke GmbH):
- financed in Q2 2019
- 759,252 EUR from 180 investors (equity)
- Pre-money valuation was 10 million EUR
Roundstats 3 (HER0 Software GmbH):
- SERIES A financed in Q3 2021
- 1.8 million EUR from investors (equity) and 700 thousand EUR in co-investments
- Pre-money valuation is 16.5 million EUR