Engagement — Platform Due Diligence
Code & Co. helps EnBW New Ventures lead Series A+ funding in a promising 3D printing software startup
Code & Co’s led the product and tech due diligence of EnBW New Ventures in a $5.5-million funding round in enterprise software provider 3YOURMIND.
- $5.5 million Series A+ funding round
- ENV manages an investment volume of €100 million
- Pioneering Industry 4.0 software technology in the 3D printing industry
EnBW AG is one of the largest utility companies in Germany with around six million customers, widely recognized as a premier player in renewable energy and sustainable infrastructure.
EnBW New Ventures ("ENV") is the venture capital arm of EnBW AG. The fund supports entrepreneurs to develop new solutions for a sustainable future - people, planet, profit - by leveraging the financially driven VC setup with the reach and skills of the corporate investor EnBW.
Berlin-based 3YOURMIND offers Enterprise Software to automate additive manufacturing (3D printing) processes and workflows, laying the foundation for Agile Manufacturing for customers and allowing manufacturers to optimize their value chain.
3YOURMIND’s modularized product suite standardizes several aspects of the Additive Manufacturing supply chain from analyzing historical part data to efficient order management to optimal production scheduling. Their Agile PLM analyzes historical part data to build a digital inventory of AM-ready parts. The Agile ERP automates AM pricing, production recommendations, and routine business processes for order management. The Agile MES optimizes scheduling, transparency, and quality assurance tracking along the AM production chain.
Code & Co. led a key piece of the due diligence process for ENV. Their technical experts evaluated 3YOURMIND’s product, technology, architecture, and operations within the context of the additive manufacturing sector. This research helped validate ENV’s assumptions.
Code & Co.’s technical & product due diligence audit helped to create a comprehensive picture of the risks and opportunities unique to this venture.
Crispin Leick, Managing Director at ENV, said: “The promise of Industry 4.0 relies on Additive Manufacturing. The 3YOURMIND offering enables companies to easily implement Additive Manufacturing into their production process. Code & Co’s technology and product assessment helped us answer questions about the technical and product opportunities of 3YOURMIND’s software, now and in the future, as the industry evolves."
After Code & Co.’s technical assessment, ENV decided to move forward with their investment in 3YOURMIND. Code & Co. were happy to help strengthen ENV’s position as innovators in smart infrastructure.