Breed Reply, an active operational investor in early-stage Internet of Things (IoT) businesses, has launched a new Europe-wide search for IoT investment opportunities.
It is the seventh time Breed Reply has run its “Best in Breed” programme where start-ups with exciting IoT innovations and products are invited to apply to Breed Reply with their investment cases. The best will receive funding along with advisory and support services from Breed Reply.
Successful applicants will pitch to a team with significant experience in scaling up early-stage businesses, in-depth understanding of different markets, proven track record in sales channel development and strong technological DNA.
Providing support as well as funding, is a crucial part of Breed Reply’s commitment to companies when it invests. As an active operational investor, Breed Reply’s role is to work closely with early stage businesses and help with their development and readiness for future funding. Last year one-third of Breed Reply’s 18-strong portfolio of investment companies raised in total more than USD50 million in Series A funding from leading investors.
Many of Breed Reply’s growing portfolio of investments across a range of sectors and countries were discovered through previous “Best in Breed” programmes, first launched in 2014.