Polyteia

Polyteia

Smart governance for cities and towns.

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DateInvestorsAmountRound
-investor investor investor investor investor investor

€0.0

round
investor

€0.0

round
investor

€0.0

round
*

€5.0m

Seed
Total Funding000k

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Revenues, earnings & profits over time
EUR202020212022
Revenues000000000000
EBITDA000000000000
Profit000000000000
% profit margin-(263 %)-
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Company filings or news article

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More about Polyteia
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Polyteia operates as a data platform tailored for the public sector, aiming to enhance how governmental bodies make decisions. Founded in Berlin, Germany, by Faruk Tuncer, Taisia Antonova, and Lukas Rambold, the company was established to address the challenge of data fragmentation within public administration. The idea originated from founder Faruk Tuncer's experience as a policy advisor for Germany's Christian Democratic Union party, where he observed the inefficiencies caused by data silos in legacy systems. Before starting Polyteia, Tuncer studied Public Policy in Berlin and Singapore and his background in public policy provided a foundational understanding of the sector's needs.

The company's core offering is a secure, sovereign Software-as-a-Service (SaaS) data platform that integrates, transforms, and visualizes data from various sources within public administrations. This enables government entities, from local to federal levels, to move away from manual, time-consuming data compilation in tools like Excel. Polyteia's platform, named Leto, sits on top of existing legacy systems and can aggregate data from enterprise software, as well as documents like PDFs and spreadsheets, through an upload service. The platform then sorts, combines, and analyzes this information to provide key performance indicators (KPIs), forecasts, and automated reports. Revenue is generated through annual subscription fees for access to the platform.

Polyteia's product is structured into two main lines: "Solution" and "Studio". The "Solution" line offers pre-built applications for common public sector use cases, while the "Studio" provides a no-code/low-code environment that allows users, even those without programming skills, to integrate and process data for specific requirements. The platform addresses various administrative needs, such as social service planning, crisis response, budget controlling, and predicting kindergarten spot requirements based on population development. The company serves over 80 government entities in Germany, including the states of Schleswig-Holstein and Saarland, and national-level ministries. The infrastructure is hosted on Deutsche Telekom's Open Telekom Cloud, which is BSI-certified (ISO 27001), ensuring data protection and security compliant with GDPR.

Keywords: GovTech, public sector data, data analytics, government software, data platform, public administration, data-driven decisions, SaaS, data integration, data visualization, no-code platform, public finance, smart city, government transparency, policy analysis, administrative efficiency, digital government, budget management, social service planning, public sector IT

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