Polyteia closes successful seed financing round
Dieter von Holtzbrinck Ventures (DvH Ventures) is investing a seven-figure sum in Berlin-based GovTech startup Polyteia. Other investors in the seed round include family office Bool Capital. Polyteia is a SaaS and data startup for the public sector that simplifies and accelerates the decision-making process in public administration at the municipal, state and federal levels.
Polyteia provides government agencies with a data infrastructure that enables them to improve and accelerate their decision-making capabilities. For example, real-time data from different departments such as health protection, school and social services can be linked together. Until now, data silos have mostly prevented rapid decision-making because existing data can only be processed, aggregated and contextualized manually. There simply aren’t enough staff to take on the task of making quick decisions. Translated with www.DeepL.com/Translator (free version)
Managing Partner DvH
The increasing staff shortage in the public sector as well as the far-reaching EU data protection directives and digitalization strategies are a favorable environment for Polyteia to rapidly expand across Europe. The control platform provides the public sector with a secure and easy-to-use solution to address exactly these current challenges. As the only end-to-end solution on the European market, Polyteia has a large lead over potential competitors in terms of time and, above all, technology, and can build on a scalable business model with an effective sales strategy. In addition, the management team has many years of experience and a high level of expertise in the dynamically growing area of government technology and contributes with its products to strengthening the technological performance and sovereignty of the state, administration and democracy in Germany.
Polyteia’s existing customers include the cities of Solingen and Goslar, and the states of Berlin and Schleswig-Holstein. For example, the Schleswig-Holstein Ministry of Education uses Polyteia to decide which schools need to be closed due to the Covid 19 infection situation. A manual evaluation of the daily reported infection figures of all schools in the state would not allow a reasonably fast reaction of the state.
Our goal with Polyteia is to build the leading data platform for the public sector in Europe and thus contribute to faster and better decisions at all levels of administration. With DvH Ventures and Bool Capital, we have gained strong partners who will support us with capital, reach and technical know-how to further expand our platform and make it accessible to other countries in Europe.
Gründer und CEO (Polyteia)
Polyteia was founded by Faruk Tuncer in collaboration with Berlin-based corporate studio Bonum Ventures. Faruk Tuncer (Founder & CEO) was previously an officer in the strategy department of the German Christian Democratic Union (CDU), where he was responsible for local politics. He holds a Bachelor of Arts from the Free University of Berlin and a Master of Public Policy from the Hertie School of Governance. In addition, Faruk Tuncer is a member of the talent committee of the social enterprise JoinPolitics, where he works to promote young political talent, and of the initiative “2hearts”, which promotes cultural diversity in the tech scene of tomorrow.