Scania Growth Capital lead investor in USD 10 million series A for German SaaS startup Vialytics
Scania Growth Capital, managed by East Hill Equity, a company with extensive experience from venture capital investments in the B2B environment and offices in Stockholm and Berlin, today announces its investment in the Stuttgart based company Vialytics.
Vialytics offers a solution for road maintenance management of municipalities, counties and infrastructure operators. The new AI-based software automatically records and evaluates the condition of the road infrastructure using a standard smartphone. The data can also be provided by municipal vehicles, such as garbage trucks or buses.
“Vialytics is an ideal fit for Scania Growth Capital’s portfolio,” Christian Zeuchner, partner at East Hill Equity, explained. “The system supports our focus on mobility and AI solutions. Municipalities are now ready for digitization and this opens up for an attractive market. With the Road Management System, Vialytics found the right gap to be successful in the long term.”
The business model is a SaaS model with sales based on the size of the road network covered. A smartphone attached to the windscreen uses a motion sensor to record vibrations, a camera delivers pictures and the GPS receiver determines the location. The collected data is evaluated by the Vialytics system's artificial intelligence, and the data is made available to the municipality in a geographic information system. Damage can hence be automatically detected and necessary maintenance measures can be efficiently planned.
“This investment makes it possible for us to accelerate our global expansion. We have a strong traction with over 300 customers in predominantly Germany and France,” Patrick Glaser, CEO and founder of Vialytics, said. “We’re already expanding our range of services, and aim to double the number of employees to 120 in the next two years.”
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Daniel LagerqvistPress officer
Tel:0790-605662daniel.lagerqvist@fuzepr.seBilder
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About Scania Growth Capital
Scania Growth Capital is an investment vehicle funded by Scania and managed by East Hill Equity, focusing on investments in innovative B2B-tech companies. Scania is the leading provider of sustainable transport solutions. East Hill Equity is an experienced start-up investor with years of experience in different industries, who firmly believes that the relationship with its founders is the key asset. With offices in Stockholm and Berlin, East Hill Equity works with a flexible and fair investment approach on a long-term basis, supporting companies during their growth from seed to profitability.
About Vialytics
The three pioneers Patrick Glaser, Achim Hoth and Danilo Jovicic-Albrecht founded Vialytics in 2018. Since then, the Stuttgart-based company with 60 employees has been following an ambitious growth course. At the beginning of 2021, they reached the milestone of 100 customers. Today, 300 partner municipalities regularly control their roads with the Vialytics system and derive measures from the collected data. "There is currently no system that meets municipal requirements better than ours," Patrick Glaser sums up. Vialytics can meet the high demand from Germany and neighboring European countries thanks to a new collaboration with Scania Growth Capital as well as long-term investments by EnBW New Ventures and Statkraft Ventures. Achim Hoth confirms, "Every citizen wants to be in livable cities and communities. Our Road Management System helps all municipalities manage their roads more efficiently and get the most out of their budget."
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