Innovative digital assistant Butleroy: fourth investment by e&Co. in tech start-ups.
A digital butler who organises appointments for its users and makes their lives easier: using artificial intelligence and machine learning, the founders of Butleroy have developed a technology with which they intend to revolutionise the world of digital assistants. The tech start-up from Linz (Austria) is the fourth investment e&Co. AG has made in exciting proprietary technology companies with innovative business models. With its own investment vehicle, e&Co. is following a long-term venture portfolio strategy, building up a diverse range of positions and creating far-reaching syngergies by scaling its existing exclusive network. Butleroy GmbH was set up in early 2017 and is currently at seed-funding phase; e&Co. participated in its most recent six-figure financing round, syndicated through the European Super Angels Club venture club.
“As well as the technology, we were impressed by the business concept and by the team, so we didn’t hesitate. What is more, the company fits perfectly with e&Co.’s position at the interface between established industrials and digitisation. As such, our investment in Butleroy represents a cornerstone on which a promising strategic partnership for the future can be built.” (Geza Brugger, e&Co. AG)