SE.M.LABS, a Stuttgart, Germany-based SaaS startup, raised €780k in seed funding.
Backers included The High-Tech Gründerfonds (HTGF), MBG Mittelständische Beteiligungs, and a private angel investor.
The company intends to use the funds to expand operations.
Led by Marius Merle (CEO), Svend Erik Wendt (COO) und Daniel Schniepp (CTO), SE.M.LABS provides SaaS-based software that allows leasing companies to offer their customers the opportunity to lease capital goods based on usage to reduce internal expenditures and concentrate on their core business.
The company already serves a Germany-based leading leasing company.