• Transactions

Flowcate Late-Seed Financing / Business Angels

The Company

Flowcate GmbH, headquartered in Heidelberg (Germany), is an innovative start-up and growth company. The company has developed a modular middleware software solution for localization and positioning data and is a co-initiator of the world’s first localization data standard omlox. With this technology, Flowcate enables seamless, technology- and vendor-agnostic asset tracking – both indoor and outdoor. The solution developed by Flowcate provides the foundation for automation and digitalization of processes in intralogistics and the smart factory.

The Transaction

ARGONAS advised Flowcate on the successful execution of a late-seed financing round with experienced entrepreneurs and business angels (BAs) from the telematics, supply chain management, as well as business process automation and digitalization space. The successful closing of the late-seed financing round, backed by experienced entrepreneurs and business angels ('smart money'), has positioned Flowcate for its next phase of growth. At the same time, ARGONAS has confirmed its know-how and network in tracking and localization solutions and broadened its expertise in the software space.

Scope of Mandate

ARGONAS has fully advised and supported Flowcate as exklusive financing advisor in all phases of the preparation and implementation of the process.

Sascha Männel

MANAGING DIRECTOR/CO-FOUNDER

Sascha Männel is Managing Director at ARGONAS and has more than 15 years of experience in the areas of Corporate Finance Advisory and Investment Banking. 

At ARGONAS, Sascha is responsible for deal origination and market analysis and further supports M&A and financing projects across a wide range of industries, sectors and company situations. Sascha’s focus areas are businesses in the Industrial & Automotive, Engineering, Logistics and Packaging space as well as the support of growth companies and special situations. 

Selected transaction references comprise inter alia the sale of the automotive positioning and software specialist Naventik to the Swiss listed semiconductor manufacturer u-blox AG and the sale of vPool Logistics to the Dutch Faber Halbertsma Group (Pooling Partners / PAKI Logistics). 

Before co-founding ARGONAS, Sascha worked for Freitag & Co. in Frankfurt am Main from 2008 to 2009 and for IEG - Investment Banking in Berlin from 2009 to 2012, where he advised medium-sized companies and international groups on mid-market M&A transactions in Germany, Eastern Europe and Turkey. Previously, he worked for Berenberg Bank, E&Y, Freshfields and KPMG in Berlin and Hamburg. 

Sascha holds a degree in business administration at the Bonn-Rhein-Sieg University of Applied Sciences in Sankt Augustin, a degree in business law at the University of Applied Sciences Nordhessen as well an MSc in Global Banking and Finance at the European Business School London (EBS London).