Companisto
How HERO Became a VC Favorite from a Companisto Startup
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Companisto
Hallo awha hawhwa,
After examining KoRo’s development in the first part of our review, we now turn our attention to another Companisto portfolio company: HERO Software.

HERO develops a cloud-based software solution for trade businesses that digitally maps the entire workday – from cost estimation and quotations to time tracking and invoicing. The goal is to reduce paperwork, increase structure, and deliver tangible time savings in daily operations.

While many industries embraced digitalization early on, the trades sector remained largely analog for a long time. HERO has since grown into one of the fastest-growing SaaS providers for the trades, with more than 30,000 active users.

A key building block on this journey was the investment made by Companists. As early as 2016 – then still operating under the name energieheld – private investors participated in the company for the first time via Companisto. More than 500 Companists invested at a valuation of €3.5 million.

With its evolution into Lyke GmbH and later HERO Software, the company gained increasing momentum. Additional funding rounds via Companisto followed in 2019 and 2021, supported by a growing number of private investors who believed in the potential of digitalization in the trades sector. In total, nearly 1,000 Companists invested around €3 million, supporting the company through several stages of its development.

At the same time, the pressure to digitalize within the trades sector increased significantly – a trend from which HERO, as a specialized provider, benefited considerably. The company became increasingly established in the market and received multiple awards for its product quality and innovative strength.

On this foundation, HERO also became increasingly attractive to venture capital investors. In 2022, Cusp Capital joined the company as part of a Series A financing round exceeding €8 million – clearly signaling that HERO had successfully transitioned from a high-growth startup to a scalable software provider.

Two years later, the next milestone followed: in the 2024 Series B round, international investors such as Eight Roads and Federated Hermes invested more than €40 million. Both rank among the most renowned growth investors worldwide and have previously backed companies such as Alibaba, Microsoft, and Apple.

From today’s perspective, the value of the early support provided by the Companists is evident: the initial funding round developed into an exit with a return of approximately 442 percent. Investors from the later funding rounds remain shareholders in HERO and continue to participate in the company’s positive development
Did you miss the HERO funding round on Companisto?
Starting April 29, 2026, you will have another opportunity to invest in HERO indirectly. From that date, a Companisto investment round will be open for a limited time.

What makes an investment in Companisto unique is that Companisto participates in all startups funded on its platform through a “carry.” This means that whenever a startup financed via Companisto generates profits or is sold (exit), Companisto receives a share of the profits.

This applies to all startups funded in the past (more than 100 currently active – including HERO, DiaMonTech, AMERIA, and many others) as well as to all future startups. Currently, between 35 and 40 startups are financed via Companisto each year.

An investment in Companisto is therefore also an (indirect) investment in every startup that has ever been financed through the platform.
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Managing Director: Tamo Zwinge, LL. M. and David Rhotert
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