evan GmbH, initiator of the neutral business blockchain evan.network, receives growth capital in the mid-seven-figure range and gains André Münnich as CFO. For the financing round, evan GmbH was able to win beteiligungsmanagement thüringen GmbH (bm|t), Technologiegründerfonds Sachsen (TGFS) and two business angels.
Digital twins and business transactions
With the growth capital, the B2B start-up will further expand its blockchain for the digitalisation and automation of business transactions. On the blockchain, network members create digital twins for machines and products and develop standards for cross-company automated transactions. The industry-independent network solves a pressing challenge in the course of digitalisation: the increasingly important collaboration between companies and the simultaneous desire to preserve corporate autonomy and security. The business model and the experienced management team convinced the investors.
CEO of the only German Facebook exit as new CFO
In addition to Thomas Müller (CEO) and Thomas Herbst (CTO), the trio of managing directors at evan GmbH has been completed since March 2019 by André Münnich, who acts as Chief Financial Officer. Münnich has many years of experience in the establishment and expansion of technology companies as well as in the sale of companies in the context of IPOs and trade sales and also brings comprehensive management know-how. Before joining evan, he was co-founder and CEO of fayteq AG, a technology company that was acquired by Facebook Inc. in 2017. Before that, he was CEO of Rapid Venture Accounting.
As CFO, Münnich is responsible for securing capital acquisition for further growth and for achieving strategic expansion stages.
“André Münnich has proven that he can lead technology companies on a global level. With him, evan GmbH gains a first-class CFO and co-managing director who perfectly fits our ambitious goals”, comments Thomas Müller, CEO of evan.network.
Sebastian Knedlik, Investment Manager at bm|t: “The industry-experienced team around Thomas Müller, Thomas Herbst and André Münnich was able to win us over with already existing, real-life use cases for the blockchain-based evan.network.” “In addition to the strong scaling potential of the platform technology, we were particularly convinced by the customer feedback,” added René Köckritz, Investment Manager at TGFS.
evan.network is a blockchain for the digitisation and automation of business transactions. The network members create digital twins for machines and products and develop standards for cross-company automated transactions.
automated transactions. The initiator of the blockchain is the Dresden-based B2B start-up evan GmbH. Active network partners include the construction machinery service provider Lindig and the textile discounter KIK. For more information, visit https://evan.network.
About André Münnich
André Münnich has been CFO of evan GmbH since March 2019. He is responsible for finance, investor relations as well as cash management and is also in charge of the company’s controlling, taxes and audit.
Before evan.network, André Münnich was co-founder and CEO of fayteq AG, a technology company from Germany, which he sold to Facebook Inc. in 2017. As CEO of Rapid Venture Accounting, André Münnich was also involved in numerous IPOs, business combinations and IFRS reports. Münnich worked for Dresdner Bank AG and holds a Master’s degree in Business Administration from Ilmenau University of Technology.
bm|t is one of the top addresses for investments in Thuringia. We invest the capital entrusted to us profitably in start-up teams and companies in the Free State. This is how we finance innovation and economic growth in Thuringia.
bm|t currently manages eight funds with a total volume of more than 320 million euros and invests in innovative companies in almost all sectors and in all phases of company development — both in the start-up and growth phases or in company succession situations.
About the TGFS
The TGFS (Technologiegründerfonds Sachsen) provides technology-oriented founders with equity capital for the seed and start-up phase. The fund was launched in 2008 with a volume of € 60 million and was increased to more than € 124 million in March 2016. The target companies of the TGFS are young, innovative, technology-oriented founders and companies that belong to the ICT, semiconductor and microsystems technology, medical technology, life science, environmental and energy technology and new media sectors. The TGFS is aimed at young companies with their registered office or place of business in Saxony. www.tgfs.de