Berlin-Based Software Company Announces Seed Funding

Mainteny, a Berlin-based provider of software for elevator maintenance companies, on March 20 announced what it describes as a large round of seed funding from Cusp Capital, an Essen, Germany-based venture capital firm focused on European software and technology. Mainteny was founded in 2020 by a team of former ThyssenKrupp employees including CEO Tom Chenna, who observes that small and medium-sized enterprises (SMEs) constitute “the backbone of the entire technical infrastructure, but are drastically underserved in terms of their specific software needs.” Mainteny enables elevator SMEs to digitize their business “along the entire value chain,” managing administration, customers, orders, spare parts and IoT integration without major implementation effort and cost.