Breed Reply launches latest pan-European search for early stage IoT businesses
Breed Reply, an active operational investor in early-stage Internet of Things (IoT) businesses, has launched a new Europe-wide search for IoT investment opportunities. It is the seventh time Breed Reply has run its “Best in Breed” programme where start-ups with exciting IoT innovations and products are invited to apply to Breed Reply with their investment cases. The best will receive funding along with advisory and support services from Breed Reply.
Successful applicants will pitch to a team with significant experience in scaling up early-stage businesses, in-depth understanding of different markets, proven track record in sales channel development and strong technological DNA.
Providing support as well as funding, is a crucial part of Breed Reply’s commitment to companies when it invests. As an active operational investor, Breed Reply’s role is to work closely with early stage businesses and help with their development and readiness for future funding. Last year one-third of Breed Reply’s 18-strong portfolio of investment companies raised in total more than $50 million (€40.10 million) in Series A funding from leading investors.
Many of Breed Reply’s growing portfolio of investments across a range of sectors and countries were discovered through previous “Best in Breed” programmes, first launched in 2014.
Emanuele Angelidis, CEO of Breed Reply, said: “Best in Breed has proved a brilliant way to find innovative IoT start-ups that can disrupt sectors and industries across Europe. Since our first Best in Breed, we have helped lots of companies accelerate their growth and attract even more funding from major investors.
We are excited about who we will get to meet this time. Successful applicants typically have a combination of great people, a technology that actually solves a market problem along with a sustainable and scalable business model.”