Ryte to raise €6.5 million in capital funding in a round led by Octopus Group.

Ryte, a Munich, Germany-based B2B SAAS operator of a website quality management platform, announced securing capital round of €6.5 million ($7.9M).

The money was raised from investors led by Octopus Investments’ Development Capital team, part of Octopus Group, and including contributions from SEK Ventures, the Flixbus founders’ investment firm, as well as software solutions company Mayflower and from existing shareholders including PD Ventures.

Later edit (April 2021): the round was supplemented to €8.5 million ($10.1M) and a new investor: Bayern Kapital.

Ryte, founded originally in 2012 as an SEO tool (Onpage.org) by CEO Andreas Bruckschlögl, was renamed to Ryte in 2017 as part of a fundamental repositioning of the company as a solution provider of Website Quality Management. The company is used by more than 1,500 companies and partners, with paying customers including BMW, Allianz, and Boston Consulting Group.