LivEye defies the Corona crisis and successfully closes 2nd financing round

With the conclusion of the 2nd financing round LivEye secures capital for further expansion.

LivEye started with the capital acquisition for the 2nd financing round shortly before the outbreak of the Corona crisis. The crisis has slowed down investments, but since July all contracts have been signed. LivEye was able to raise capital for growth in the amount of 3.5 million euros.

“We are pleased to have Sparkasse Trier and Volksbank Trier, two lenders at our side who are committed to innovative
products in conjunction with a solid business model,” says Carsten Simons, the company’s advisory board and STEP USA alumnus.

Marc Thurn, the managing director of LivEye adds: “The basis of both financing rounds has been the venture capital
department of the Investitions- und Strukturbank Rheinland-Pfalz in Mainz. We very much appreciate their support at state level.”

Founded in January 2019, the Start Up LivEye from Föhren (near Trier) specializes in guarding temporary risk zones
with mobile video systems. Many risk zones such as coal-fired power plants and a major construction site on the
Gotthard are among the clients using LivEye systems.

For further expansion, LivEye has already founded subsidiaries in Poland and Switzerland this year.
There are also regional offices in Oldenburg, Leipzig and Vienna. LivEye works with self-developed technologies, which are used in a research and development centre of its own.

About LivEye GmbH
LivEye GmbH specializes in the surveillance of temporary risk zones with mobile video surveillance systems. Very modern video surveillance systems are developed and produced under the brand name LivEye®. LivEye® maintains a research and development unit in addition to its own production facility in Poland. LivEye® offers the highest level of video surveillance around the world together with its own control centre.