More money for Konux

The start-up from Munich is expanding its current financing round by five million US dollars. Konux already received a high double-digit million sum in January.

The financing round in January was actually one of the largest in recent weeks. Back then, the Munich-based sensor technology start-up Konux raised 80 million US dollars in a Series C financing round. The investors have now increased this by a further five million US dollars.

The Strüngmanns' family office, which operates under the name Athos, was one of the investors. The MIG funds, which collect money from private investors and then invest it in start-ups, are also involved as shareholders. Four of these MIG funds are involved, with one of them alone accounting for half of the investments, according to the company.

The investors are apparently convinced that Konux has a more or less golden future. It wants to earn money with intelligent sensors that are designed, for example, to prevent expensive switch malfunctions in the rail network. "We make rail travel more reliable and punctual," says founder Andreas Kunze. Deutsche Bahn, among others, has been a customer for several months, but the technology of the start-up, which was founded in 2014, is also set to be used in other countries.