CNC24 receives 8.25 million euros

With the new capital, the platform for precision components wants to expand in Europe and enter the Asian market in the medium term.

The digital platform for precision components CNC24 has raised €8.25 million in its first round of funding. The round is led by Japanese SBI fund Future Industry and Wefox co-founders Fabian Wesemann and Dario Fazlic. Venture capitalists Coparion, Equity Pitcher and existing investor Seedcamp are also participating in the round. With the new capital, the start-up plans to expand in Europe and enter the Asian market in the medium term. To this end, the Berlin-based company plans to hire new employees and expand its supplier network.

Willi Ruopp and Marlon Gerat founded the startup in 2019. The founders have developed a B2B procurement platform that supplies all industrial sectors with manufacturing parts. They say the company's global network of suppliers enables it to guarantee material availability and on-time delivery of components.

"In increasingly volatile markets characterized by supply chain risks, CNC24 addresses an important problem in the manufacturing industry," said Stefano Gurciullo, partner at Future Industry Ventures. For many companies, he said, industrial component sourcing is often a costly and time-consuming task. The start-up would counteract this problem with its platform.