Workerbase receives ten million euros

The Munich-based start-up has thus successfully completed its Series A financing round.

Workerbase raised ten million euros from various investors in its Series A financing round. The Bavarian start-up fund, Bayern Kapital, Porsche Ventures and Almaz Kapital from California are on board as new investors. Existing investor Point Nine, known for Delivery Hero and Momox among others, also invested again. The start-up, which was founded in 2017, intends to use the new capital to further expand its proprietary platform.

The company offers networking opportunities between people, materials and machines along the supply chain in order to make companies more flexible, according to the company. The aim is to avoid costly production downtime. This is also how Aniruddha Nazre, Partner at Almaz Capital, justifies the investment: "Workerbase redesigns production processes by breaking them down into small parts of individual activities," he says. "This offers new opportunities to increase operational flexibility." The start-up's customers include Siemens and Porsche.