seniovo GmbH has raised US$4.48 million in a Series B growth financing
October 2022 — In order to support seniovo’s plans to launch a comprehensive B2B platform, the company was looking for a strategic partner for its expansion. The aim was to position itself as a central service provider on the market via a partner ecosystem.
Since 2017, seniovo GmbH has been offering all services related to barrier-free bathroom conversions. The company is a unique provider of the entire value chain and is currently continuing to develop into a comprehensive platform for the barrier-free home and for other care services and products. The service portfolio ranges from planning and applying for subsidies to approvals, conversion and billing. In addition to in-house services, the company works with partners, such as craftsmen, to carry out conversions on site. Seniovo generated revenues of approximately US$2.4 million in 2021 and has 35 full-time employees.
Our role in the transaction
Oaklins’ team in Germany, in its role as fundraising and sell-side advisor, assisted seniovo’s team and shareholders in this process.
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