The Helvetia Venture Fund is investing in baimos technologies GmbH, Munich. Baimos Technologies offers award-winning and certified products relating to the digital management and authorisation of access and locking systems. With BlueID, a piece of software developed by Baimos Technologies, mobile devices, and smartphones in particular, are transformed into keys for properties, vehicles, parcel boxes and machinery, making it possible to activate and deactivate access in a quick and simple manner for certain periods and individuals. Typical areas where the software is used include, for example, hotels with self check-out, delivery services and sharing economy business models such as car sharing.
The new Baimos Technologies GmbH financing round – in which the existing shareholders as well as the Helvetia Venture Fund are also participating – will promote and accelerate the company’s expansion in additional geographic markets as well as the development of new digital products.
“The management of access to facilities and properties is a topic of major significance for insurance companies when it comes to the active management of risks. BlueID allows for completely new business models and insurance products using a technology that is currently unparalleled on the market”, says Michael Wieser, a Helvetia Venture Fund partner.”A key element of BlueID is the unrestricted trust that it guarantees between all kinds of machines and participants on the Internet of Things (IoT). We are therefore delighted that one of Switzerland’s leading insurance companies is investing in us. After all, Switzerland and the insurance industry enjoy great trust and are the epitome of reliability and security”, explains Philipp Spangenberg, CEO and founder of Baimos Technologies GmbH.