The Helvetia Venture Fund is taking part in the current financing round for BlueID GmbH. BlueID, formerly known as baimos technologies, offers certified products for the digital management and authorisation of access and locking systems. BlueID's objective is to provide a cloud-based solution for simplifying secure physical access control, enabling users to open all kinds of offline facilities, regardless of the manufacturer. The solution can be used in the real estate sector, for example.
The funds raised during the current financing round will enable BlueID to grow further and expand its facility business. The Helvetia Venture Fund invested in BlueID in May 2017 and is now also taking part in the current financing round. The major shareholders are still HCS Beteiligungsgesellschaft, Berendsen Holding, High-Tech Gründerfonds (HTGF) and Bayern Kapital.
Access management of central importance to insurance companies
"Control of access to facilities and properties plays a key role in active risk management. BlueID offers new options in this regard, which will enable new business models and insurance solutions for insurance companies", says Martin Tschopp, Head of Corporate Development at Helvetia, about the investment in BlueID.
In 160 years, the Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Today, Helvetia has subsidiaries in its home market Switzerland as well as in the countries that make up the Europe market area: Germany, Italy, Austria and Spain. With its Specialty Markets market area, Helvetia is also present in France and in selected regions worldwide. Some of its investment and financing activities are managed through subsidiaries and fund companies in Luxembourg and Jersey. The Group is headquartered in St.Gallen, Switzerland.
Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 6,600 employees, the company provides services to more than 5 million customers. With a business volume of CHF 8.64 billion, Helvetia generated underlying earnings of CHF 502.4 million in the 2017 financial year. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.
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