“We are creating new digital ecosystems based on networked products, thus enabling our clients to build seminal business models while improving people’s lives.”

IoT Venture GmbH focuses on Low-Power Wide-Area Network (LPWAN) technology for its products and services. This technology impresses due to its low energy requirements, effective building penetration and wide range and represents an inexpensive solution for the Internet of Things. Our company offers its services for a wide variety of applications across different sectors. The first brand was “It’s my bike” as of 2019. In 2021 the company has developed a tracking module for dogs in collaboration with the European market leader for pet supplies. Further business activities are also in the pipeline.

About 40 employees are working on the networked future at IoT Venture GmbH in Darmstadt and Cologne.


Hardware and software based on LPWAN technologies for the Internet of Things, data platforms, solutions for companies to create digital business models


Darmstadt, Cologne

Market launch

Autumn 2018






  • Bicycle:  manufacturers, dealers, fleet operators
  • Pet suppliers

Our Vision: Everything is connected

What exactly does IoT Venture GmbH do? What specific examples of use are there for the technology? And why did Wirtschaftswoche magazine honour the company and Deutsche Telekom as Digital Champion for the Midwest region? You can gain a short insight in our video (duration: 1.26 minutes).

Ready for lift-off?

Inspired by the Internet of Things and completely new technologies? Want to develop intelligent solutions with us to change business models and improve people’s lives? Do you like working in an agile environment? Are you open, curious and courageous? Are you set to conquer the new world? If so, come join our team. You’ll find vacancies under Jobs. Speculative applications are also welcome.

Our team

The four-person management team comprises experienced managers from industry. The workforce is made complete with technology experts in software and embedded systems and specialists in business development and marketing. At IoT Venture GmbH, experienced senior managers work alongside young top talents who keep their finger on the pulse of the times and strive for success together.

Thomas Ullmann

Chief Operating Officer

Technology in his blood. Enthusiastic networker. Experienced Executive Manager and sales person. Has developed a large number of business models and more than 100 innovative product solutions before joining IoT Venture GmbH. In his last role, he successfully built up a medium-sized medical technology company as a CEO over 14 years. Assists the German Federal Government with strategy processes.

Jürgen Veith

Chief Excecutive Officer

IoT & LPWAN Enthusiast. Successful and passionate innovation leader, product guy and entrepreneur, dedicated to relationships, developing business models and designing & selling groundbreaking products. Started his first company as a two man band in a living room 1992 and developed it into a successful global organization.

Felix Letkemann

Chief Information Officer

A machine that converts pizza into source code. Young tech-enthusiast with a start-up mentality. Pitch talent. Responsible for software development at IoT Venture from the beginning.

Moritz Mair

Chief Technology Officer

Young talent with entrepreneurial spirit and bursting with new ideas. Founded his first start-up in additive manufacturing in 2014. Multi-talented. Assisted with software development and is now the expert in system integration. Also pursues his personal values in terms of quality and environmental awareness in his professional career.

The team at IoT Venture GmbH at HUB31 in Darmstadt, Germany

Our partners

As a start-up, IoT Venture GmbH is extensively networked and open to other partnerships in the start-up, IoT technology and financing sectors. Interested? If so, contact us.

mind venture AG

IoT Venture GmbH’s financing partner is the international investment and service holding company mind venture AG. The company unites different brands under a single roof and aims to further develop existing companies and establish new ones.

ZEG (Zweirad-Einkaufsgesellschaft)

ZEG, the German bicycle group purchasing cooperative, is IoT Venture’s sales partner for the IT’S MY BIKE retrofit solution in Germany. ZEG Zweirad Einkaufs Genossenschaft eG is Europe’s largest network of independent bicycle retailers.


Vodafone is IoT Venture’s technology partner. The company supplies the SIM cards built into IT’S MY BIKE trackers during series production. The IT’S MY BIKE search-and-find solution uses the Vodafone NB-IoT mobile network along with others to transmit data.


Alteos, the insurtech and AXA subsidiary, is the insurance partner of IoT Venture and the IT’S MY BIKE brand. Alteos is the first to offer e-bike insurance with GPS tracking, for which it uses the IT’S MY BIKE retrofit solution.

Riese & Müller

The premium e-bike and folding bicycle manufacturer based in Darmstadt, Germany, is IoT Venture GmbH’s development partner for the “It’s my bike” brand.

Urban Drivestyle

Marketing partner Urban Drivestyle designs and produces e-bikes for everyday urban life in Berlin. The e-mobility company offers IT’S MY BIKE as a security accessory and retrofit solution under its own FIND MY BIKE label in its online accessory shop.


IoT Venture GmbH is a member of the Factory Berlin start-up campus. This business club offers not only founders, but also established companies a space for creation and promotes exchange and cooperation between the two.

Hub 31

Most of the IoT-Venture team works at Hub 31 in Darmstadt. This technology centre and business incubator offers start-ups and innovative companies ideal framework conditions for further growth. In addition to offices and co-working spaces, tenants can find a welding workshop and a workshop with metalworking and woodworking machines, water and laser cutters and 3D printers for performing tests and building prototypes.

Deutsche Telekom/T-Systems

Deutsche Telekom is a technology partner of IoT Venture GmbH’s, which has been rolling out a ground-breaking technology for the Internet of Things with its narrowband NB-IoT.

Darmstadt University of Applied Sciences

Launching into the future with h_da. Darmstadt University of Applied Sciences is one of the largest Institutes of Technology in Germany. With its scientific and application-based offerings in more than 60 courses of study, it stands open to a wide range of educational tracks.

Mittelständische Beteiligungsgesellschaft Hessen mbH and Hessen Kapital III

The financing partners of IoT Venture GmbH are the Mittelständische Beteiligungsgesellschaft Hessen mbH and Hessen Kapital III, which belong to the Beteiligungs-Managementgesellschaft Hessen mbH.

equIP – the CMS start-up programme 

equIP is the start-up programme of CMS Germany, one of Germany’s largest commercial law firms. In the framework of the programme legal advice is being provided to IoT Venture GmbH. With equIP, CMS is supporting young digital companies in Europe. The aim is to make the international CMS network available to high potential start-ups and to support them in designing digital business models.