seniovo GmbH has raised US$4.48 million in a Series B growth financing
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.
Oaklins’ team in Germany, in its role as fundraising and sell-side advisor, assisted seniovo’s team and shareholders in this process.
Talk to the deal team
Related deals
Thrive Freeze Dry has successfully sealed the acquisition deal with Paradiesfrucht GmbH
Paradiesfrucht GmbH, a gobal freeze dryer of fruits, fruit preparations, drops, powders and granulates, has been acquired by Thrive Freeze Dry (Thrive), a portfolio company of Entrepreneurial Equity Partners (e2p) and Mubadala Capital. The transaction is expected to close in 2024, subject to customary closing conditions, including antitrust approval.
Learn moreVarsteel, Ltd. has acquired Pacific Steel, Inc.
Pacific Steel, Inc. has been acquired by Varsteel, Ltd.
Learn morePerkbox has been acquired by Great Hill Partners
Molten Ventures has sold Perkbox to Great Hill Partners.
Learn more