Seven-figure funding for Hub start-up sovity

With fresh capital, the start-up sovity – a member of the Digital Hub Logistics – has secured seven-figure seed funding to boost the efficiency and innovative potential of companies by providing fast and easy access to Data Spaces. sovity is backed by High-Tech Gründerfonds (HTGF), one of Europe’s leading seed investors, and Fraunhofer Technologie-Transfer Fonds (FTTF), which has supported sovity from the beginning. “We are thrilled that we attracted another renowned investor in addition to FTTF. HTGF shares both our vision of the market and our product’s mission on Data Space technology,” says Sebastian Kleff, CEO and Co-Founder of sovity.

Data Spaces enable companies to exchange and use data, for example, to measure the carbon footprint of products or to obtain transparency within their entire supply chain. Data Spaces embrace the principles of data sovereignty – companies always retain full control over their data. sovity’s software – the Connector-as-a-Service – offers companies the right solution for this. It allows companies of any size to connect to a Date Spaces within minutes, which is a significant speed advantage: if companies were to implement individual solutions to connect to a Data Space, it could take them around six to eight months. “The market for Data Spaces is gaining momentum: companies are actively looking for solutions to share data with partners in a simple way and without major technical hurdles, while keeping control over their data,” explains Dr. Sebastian Opriel, CTO and Co-Founder of sovity.

Since its launch in 2021, sovity has built a strong team of technology and business experts and currently employs more than ten people. As part of the innovation ecosystem around the Digital Hub Logistics in Dortmund, sovity is located in the hub’s premises in close proximity to numerous university facilities as well as the two Fraunhofer Institutes ISST and IML. Here, the start-up benefits from a creative business environment with the corresponding networking and recruiting opportunities. Last but not least, partnerships with initiatives in the field of data spaces, such as Catena-X, Mobility Data Space and Gaia-X, as well as with the International Data Spaces Association (IDSA), have emerged, which are now to be further expanded with the new capital.

Click here for sovity’s press release on the financing round.

Photo: Tailwind with fresh capital: the two co-founders of sovity with Dr Sebastian Opriel, CTO (l.), and Sebastian Kleff, CEO. Photo: sovity