Five million euros in growth capital for Dortmund-based MotionMiners GmbH

// Dortmunder Wachstumsunternehmen MotionMiners bietet ganzheitliche, digitale Lösung für Prozessoptimierungen im industriellen Kontext
// PwC Deutschland erweitert mit der MotionMiners GmbH sein Portfolio im Bereich industrielle Digitalisierung
// PwC Deutschland unterstützt als Wachstumsinvestor und stellt Expertise und Netzwerkbereit.

Since last week, MotionMiners GmbH and PwC Germany have been going their separate ways in the field of Industrial IoT (IoT, Internet of Things). The auditing and consulting firm PwC Germany is participating as lead investor with a minority share in the Series A financing round through its investment company PwC Holdings Germany GmbH. In total, more than five million euros in growth capital will flow into MotionMiners GmbH, which is headquartered in Dortmund.

"We are very pleased to have gained PwC Germany as a lead investor and strong partner. In addition, we are very pleased about the renewed participation of existing investors. The capital and also the know-how of all investors will help us to further accelerate the growth in the product business and to further profile MotionMiners GmbH as a specialist for process analysis solutions in production and logistics."

explains Dr.-Ing. Sascha Feldhorst, CEO and co-founder of MotionMiners GmbH.

In addition to the notable new addition to the investor round, existing investors Fraunhofer Technologie-Transfer Fonds GmbH, zu na mi GmbH and TKM Family Office are also expanding their holdings in MotionMiners GmbH.

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Human and equipment movement data as a source of optimization potentials

High cost pressure and the ongoing shortage of skilled workers are just two of the many reasons that are currently driving companies to optimize their processes. In many companies, production and logistics planners are therefore trying harder than usual to conserve production materials and scarce human resources. It is also a question of shortening throughput times and reducing downtimes. However, existing data from warehouse management systems (WMS), enterprise resource planning systems (ERP) or warehouse management systems are often not sufficient to identify inefficiencies within the processes. As a result, optimization potentials remain largely undiscovered.

Motion Mining® makes it possible for the first time to map the movements of people within processes. In addition to efficiency potential, process managers also gain a picture of ergonomic workflows and can change them for the better.

Matthias Odrobina, Managing Director of PwC Holdings Germany GmbH, underlines:

"Digital process analysis that links existing machine data with motion and process data is an innovative and compelling approach. This approach makes MotionMiners GmbH a driver of digital transformation for industrial companies, and we look forward to the journey together."

Data is collected within a Motion Mining® project using mobile sensors and small Bluetooth transmitters (Bluetooth beacons). The data is analyzed by machine learning algorithms after the measurement. These findings provide insight into previously unknown areas of industrial processes.

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Flexibility and integration of operational data

The mobile solution of MotionMiners GmbH is already used by large logistics service providers today and supports them in viewing processes across locations. Likewise, Motion Mining® process data can be combined with existing WMS data, as part of a so-called "WMS matching", in order to map the visualization of the process flows as realistically as possible.

Sascha Feldhorst looks back on the last two years of strong growth and reports:

"I remember when we started with just three people and developed the Motion Mining® technology out of one office. In the meantime, we are on the road with around 60 employees and will continue to strengthen ourselves through Series A, especially in sales and customer support. I am very happy and grateful that we have such strong partners at our side and look forward to continuing our success story together with everyone involved."

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Press contact:

Paula Brandt

Teamlead Marketing, MotionMiners GmbH

Phone +49 176 6015 4784

Mail. paula.brandt(at)motionminers.com

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About MotionMiners

Sascha Kaczmarek, Dr. Sascha Feldhorst and Dr. René Grzeszick jointly founded MotionMiners GmbH in October 2017. The company now employs around 60 people at its Dortmund site. The company aims to provide the world's most flexible and comprehensive analysis toolbox for human activities. This is intended to continuously improve the daily work of analysts as well as the ergonomic working conditions of operational employees within the examined processes.

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About PwC

PwC sees its mission as building social trust and solving important problems. More than 327,000 employees in 152 countries contribute to this with high-quality, industry-specific services in the areas of audit, tax and management consulting.

In this document, PwC Germany refers to PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, which is a member firm of PricewaterhouseCoopers International Limited (PwCIL). Each of the member firms of PwCIL is a legally independent company.

The term PwC refers to the PwC network and/or one or more of the legally independent network companies. Further details at http://www.pwc.com/structure.

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About FTTF

The FTTF (Fraunhofer Technology Transfer Fund) is an independent venture capital fund that finances deep tech startups at very early stages in order to develop technologies from the Fraunhofer Institutes into marketable products and services. Equipped with a volume of €60 million, FTTF was launched in January 2019 and the portfolio includes 34 startups from 21 different Fraunhofer Institutes. The FTTF team, with more than 50 years of experience in venture capital, tech transfer and as founders, is one of a few investors in Germany that supports deep tech startups already in the founding phase.

Investors in the FTTF are the European Investment Fund and the Fraunhofer-Gesellschaft. www. fttf.vc

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About TKM Family Office and to na mi

TKM Family Office and zu na mi are two independent family offices that invest in tech startups at an early stage and were already involved in the seed round of MotionMiners GmbH.