Tuesday, 10 October, 2023

DYNO secures €1.5M pre-seed investment

The Offenburg-based startup DYNO announced it has raised €1.5 million in a pre-seed round. 

Founded in 2021 by Marc Karkossa, Luis Weber and Peter Sutter, DYNO aims to digitize company pension plans to help fight retirement poverty. The conventional manual administration of company pensions is expensive and time consuming for companies. Meanwhile, employees often receive low returns due to high broker commissions and face pension gaps despite regular payments.

DYNO offers a solution that reduces manual administrative processes for companies by up to 90%. In addition, their contracts are commission-free, giving employees the opportunity to earn up to €60,000 more in pension. On the DYNO website, interested parties can perform a free contract check and optimize their company pension.

The lead investors in this round are 468 Capital and LEA Partners, with support from Mätch VC. Also involved are experienced founders and business angels such as Martin Trenkle (Workwise), Fabian Silberer and Marco Reinbold (sevDesk), and Christoph Zöller.

DYNO Co-Founder Marc Karkossa said: “We set out to close the pension gap for millions of employees. With the fresh funds, we can take the next step on this journey.”