Cologne / Berlin, 02.03.2021 — In a favorable exit, early-stage venture capital firm Capnamic Ventures has sold its shares in Statice GmbH, the AI startup specializing in privacy-preserving synthetic data, to PwC Germany, one of the leading auditing and consulting services organisations in Germany. The sale was part of a growth financing round in which PwC Germany has acquired a significant minority stake of nearly 50% in Statice. Going forward, PwC Germany will support the Berlin-based technology company’s continued expansion.
Statice, founded in 2018, commercializes data anonymization solutions, enabling companies to derive value from sensitive data while minimizing privacy risks. Using the Statice software, companies can generate privacy-preserving synthetic data from sensitive data. This AI-generated data does not contain any of the original data and is thus compliant for usage in product development, business intelligence and data collaboration.
Capnamic Ventures participated alongside WATTx and WestTech Ventures in Statice’s seed round in 2019.
“It’s great to see that the Statice team has reached this unparalleled milestone due to their outstanding product and hard work. By partnering with PwC Germany, the team has found a perfect strategic fit to accelerate the growth of the company. We’re very fortunate to have played a small part in accompanying Statice from their seed stage up to this point”, says Jörg Binnenbrücker, General Partner at Capnamic Ventures.
Data protection regulations such as the General Data Protection Regulation (GDPR) increase privacy compliance requirements for businesses and complicate the generation of insights from customer data. At the same time, the efficient use of data is a strategic priority for modern businesses and is central to their digital transformation.
“We founded Statice on the belief that organizations would need to break out data silos to remain innovative, but that modern enterprise security and data protection constraints would complicate this transformation”, said Omar Ali Fdal, CEO of Statice. “We’re very thankful for the trust and support early believers such as Capnamic Ventures, WATTx, and WestTech Ventures have put in us to come to this point in our journey. They helped us bring our vision to life to build reliable privacy solutions to support enterprises’ data strategies.”
Statice’s offering is primarily aimed at companies in the financial sector, in insurance and health care as well as in telecommunications; in the future, it can also be applied in any other industry and sector.
About Capnamic Ventures
Capnamic Ventures, based in Cologne and Berlin, is one of Europe’s leading early-stage venture capital investors. The VC’s investment focus is on technology startups with B2B business models in German-speaking countries. In addition, Capnamic invests with international co-investors. All portfolio companies are supported by Capnamic’s global industry and expert network and the extensive expertise of the team. The Capnamic team consists of experienced investment professionals who can look back on over 80 investments, numerous trade sales and IPOs as well as their own entrepreneurial experience. At Capnamic, we work side by side with the portfolio companies to create the basis for a strong market position and lasting success. Capnamic is led by Jörg Binnenbrücker, Olaf Jacobi and Christian Siegele as Managing Partners.
More information about Capnamic Ventures is available at: www.capnamic.com
Press contact Capnamic Ventures
Statice develops state-of-the-art data privacy technology that helps companies double-down on data-driven innovation while safeguarding the individuals’ privacy. Thanks to the privacy guarantees of the Statice data anonymization software, companies generate privacy-preserving synthetic data compliant for any data processing. With Statice, enterprises from the financial, insurance, and healthcare industries can drive data agility and unlock the creation of value along their data lifecycle. Contact: email@example.com
Learn more about Statice on www.statice.ai