Munich — Munich-based startup Noyes Tech­no­lo­gies has recei­ved initial seed funding of €3.2 million. The finan­cing round, in which 468 Capi­tal and Abacon Capi­tal also parti­ci­pa­ted, was led by GvW client Vsquared Ventures.

Noyes Tech­no­lo­gies deve­lops auto­ma­ted and highly flexi­ble nano-storage systems that provide a space-saving and ther­e­fore cost-effec­tive solu­tion for the logi­stics of indus­trial and commer­cial compa­nies of all kinds. Use cases for the tech­no­logy deve­lo­ped by the company include, for exam­ple, sales in down­town areas through quick deli­very services (quick commerce).

For Vsquared Ventures, this invest­ment fits with its stra­tegy of inves­t­ing in early-stage tech­no­logy-driven compa­nies. The Munich-based venture capi­tal firm’s invest­ment focus areas include robo­tics as well as new space, quan­tum compu­ting, new mate­ri­als and AI.

Advi­sors to Vsquared Ventures: GvW Graf von Westphalen
GvW advi­sed Vsquared Ventures on this tran­sac­tion with a Frank­furt team consis­ting of Titus Walek (lead), Jan Hüni­ken (both venture capi­tal), Kars­ten Kujath (employ­ment law) and Dr. Joachim Mulch (IP).