#Instagrid startup full#
#Instagrid startup software#

Being part of the CODE_n family helped us a lot as there is such a strong network to investors all over Europe. Once it started going, we found great investors and we could already benefit from their experience and network in the first couple of weeks.Īnyways, we got some valuable support and it was fun. It all improved when we not only had a solid go-to-market strategy but when we were also able to show first traction and the enormous potential of our technology. If we were in the same situation again today, we would certainly start later with raising our first substantial funds. Finding investors who are willing to support that kind of business can be quite difficult.

#Instagrid startup software#

Another thing you should bear in mind as a startup doing hardware is that it usually takes a longer run for ROI compared to a pure software product. We did not have a solid strategy by then but were rather testing various markets and figuring out where to go from there. Looking back, we were thrown in a little early as the first investors even approached us when the company was barely founded. If you have never done anything like this before, you quickly underestimate the time and persistence it takes to raise money from venture-capitalists – it’s a full-time job for weeks and months. Instagrid: It was both a very intensive and, above all, an incredibly instructive chapter for instagrid. Tell us a little bit about how you experienced the process of raising your first substantial funds. Iulia: Hi Andreas, hi Sebastian, congratulations on closing your first financing round! Attracting investment for your startup is a huge milestone. We spoke to the co-founders to dig into their successful seed capital round and learn more about their upcoming plans. The team is now getting closer to turning its vision of emission-free energy for all mobile machinery into reality.

#Instagrid startup full#

After a fabulous first year, full of excitement and countless challenges, our CODE_n SPACES resident achieved a key milestone, successfully closing its seed financing round in the seven-digit range.

In 2018, Sebastian Berning and Andreas Sedlmayr made the leap into full-time entrepreneurship by founding instagrid. | Entrepreneurship, SPACES and Residents, Startups