Cofenster raises eight million euros

Last year, the start-up was able to increase its turnover ninefold. Cofenster wants to use the capital to further develop its video solution and become more international.

Cofenster has completed a Series A financing round amounting to eight million euros. Signals Venture Capital participated as lead investor, with Capnamic, the digital divisions of KSK and Bremer Sparkassen as well as business angels such as Georg Tacke also investing.

"We are delighted that we were able to convince such an experienced group of investors. We will use the investment to further expand our pioneering role as the leading video solution in Europe," says Cofenster co-founder and CEO Tom Vollmer. The start-up offers video software for corporate communication. The program is easy to use and is also suitable for teams working from home. All steps for creating video recordings are automated and simplified, and license-free music and text modules are also available. The videos are intended to help companies communicate better with their employees.

Tom Vollmer, Oliver Wegner and Finn Frotscher founded Cofenster in 2020. Since the seed financing round last year, the start-up has reportedly increased its turnover ninefold.