Monday, 15 January 2024
The commercial law firm Orth Kluth provided comprehensive advice to Modelyzr GmbH in connection with the successful financing round (seven-figure investment). The AI start-up around founder and majority shareholder Nils Niehörster has thus asserted itself in the difficult financing market with its cloud solution for AI-based market analytics and set the course for further growth.
MODELYZR works in a similar way to the AI language model ChatGTP: all available data is used and analyzed in order to provide meaningful answers to any questions. Unlike the OpenAI product, however, the solution from Münster is not specialized in language, but in processes in B2B markets. The result is a robust and holistic AI market model that can be used to conduct market research, go-to-market simulations or next and first-best offers, for example.
“We will use the funds available to us from the financing round to drive forward the recruitment of several top talents in order to further boost our growth with their help,” says Nils Niehörster. The aim is to achieve sales growth of over 70 percent in each of the next three financial years. “In addition, we now have the resources to significantly increase our footprint in the SAP ecosystem once again.” Modelyzr is an SAP PartnerEdge build and MODELYZR itself is listed in both the SAP Store and the SAP Industry Cloud. SAP SE and SAP partners are themselves among the users of the AI market model from Münster. MODELYZR is now being used successfully in around 150 countries worldwide.
Orth Kluth provided Modelyrz GmbH with comprehensive legal advice on the implementation of the financing round.
The Orth Kluth advisory team consisted of: Dr. Tim Christian Gießelmann (lead), Martina Stasch, Marius Kuhlmann (all Corporate/MA).