April, 15 2020 bm|t finances safety for individual mobility with Dashfactory GmbH

Dash­fac­tory devel­ops and dis­trib­utes safety prod­ucts for trans­porta­tion with a strong focus on indi­vid­ual mobil­ity. The found­ing idea is the «Dash­bike» secu­rity cam­era, which orig­i­nated from the dan­gers the founders faced in their every­day sports activ­i­ties. As pas­sion­ate cyclists and youth coaches, the found­ing duo was con­fronted with count­less dan­ger­ous sit­u­a­tions in road traf­fic, in which cyclists are often over­taken at extremely close dis­tances, which causes acci­dents, includ­ing hit-and-runs. This led to the idea of a safety cam­era for cyclists that only saves video mate­r­ial in dan­ger­ous sit­u­a­tions, espe­cially once the legally required dis­tance of pass­ing cars has been breached and the risk of an acci­dent is estab­lished. Com­pared to dash­cams for cars, the rear-mounted bicy­cle cam­era must meet addi­tional require­ments in order to pro­duce accepted evi­dence for legal pro­ceed­ings. The mechan­ics and func­tion­al­ity of the „Dash­bike“ cam­era are unique, and a patent appli­ca­tion has been filed in addi­tion to trade­marks. The project «Dash­bike» has received mul­ti­ple awards and much recog­ni­tion. It won «Best of Cen­tral Ger­many 2019», received third place at the Tech­nol­ogy-Fight-Night of ART-KON-TOR, won the university’s founder prize of Friedrich-Schiller-Uni­ver­sity Jena, is prize win­ner of the founder idea com­pe­ti­tion of ThEx Inno­v­a­tiv, and has suc­cess­fully grad­u­ated the Spin­Lab Accel­er­a­tor Batch 9. The founders Lelia König and Sandro Beck In order to fuel the com­pany, which was founded in Novem­ber 2019, with nec­es­sary finan­cial resources and to drive the rapidly scal­able busi­ness model for­ward, the founders con­tacted the ven­ture cap­i­tal investor bm|t. In Decem­ber 2019, the pre-seed financ­ing round for fur­ther devel­op­ment and sales prepa­ra­tion was signed and closed. The newly founded com­pany thus reached a major mile­stone of its busi­ness plan. The exper­tise and net­work that bm|t con­tributes as a new share­holder to the com­pany will add great value to the com­pany. The fund­ing serves to estab­lish a legal basis for mar­ket­ing and pro­tect­ing the prod­uct and clears the way for future invest­ments. «We are very happy to have received the planned invest­ment from our pre­ferred investor,» stated San­dro Beck and Lelia Koenig, Dashfactory´s founders. Impor­tantly, the fresh cap­i­tal also enables another big step towards ser­ial pro­duc­tion. The first part of the prod­uct line is the secu­rity cam­era for cyclists, the “Dash­bike”. Based on that prod­uct, the sec­ond major area will be an anony­mous col­lec­tion of dig­i­tal infra­struc­ture data. Thus, per­ilous loca­tions in cities can be iden­ti­fied and spe­cific rec­om­men­da­tions for action can be derived. By using “Dash­bike”, cyclists them­selves can actively con­tribute to the improve­ment of the cycling infra­struc­ture in their city as well as fos­ter a traf­fic tran­si­tion towards more sus­tain­able mobil­ity. The team is cur­rently work­ing on a crowd­fund­ing cam­paign to be launched on Kick­starter in the com­ing months and is look­ing for­ward to broad sup­port. Any­one who would like to secure his or her first “Dash­bike” at an attrac­tive ini­tial price can already join the mail­ing list at www.dashbike.de.

About Dashfactory

Dash­fac­tory GmbH pos­sesses a patent and an inno­v­a­tive idea to help pro­tect bicy­cle rid­ers from hit and run acci­dents. The vision of Dash­fac­tory is to increase road safety in gen­eral, both pre­ven­tive and reac­tive, while com­ply­ing with GDPR and pre­vail­ing sus­tain­abil­ity needs. It is impor­tant for the Dash­fac­tory team to oper­ate inter­na­tion­ally from its base in Ger­many. Dash­fac­tory aims to become the lead­ing sup­plier of bicy­cle dash­cams. Addi­tional Dash­fac­tory prod­ucts — such as the Dash­tram – are designed to enter tan­gen­tial mar­kets by adapt­ing the core tech­nol­ogy to other means of trans­port. www.dashbike.de/

About bm|t – beteiligungsmanagement thüringen gmbh

bm|t is the first address for invest­ments in Thürin­gen, Ger­many. bm|t invests in start-up teams and com­pa­nies in the Free State with a clear aim of gen­er­at­ing pos­i­tive invest­ment returns. This is how inno­va­tion and eco­nomic growth in Thürin­gen are financed. bm|t cur­rently man­ages eight funds with a total vol­ume of over 400 mil­lion euros and invests in inno­v­a­tive com­pa­nies in nearly all sec­tors and in all phases of com­pany devel­op­ment — from the start-up and growth phases to buy­outs and other suc­ces­sion sit­u­a­tions. www.bm‑t.de
Media con­tact Dash­fac­tory: Dash­fac­tory GmbH Lelia König Musäus­ring 34 07747 Jena Email: lelia.koenig@dashbike.de