Cofenster raises eight million euros

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

Cofenster has closed a Series A financing round in the amount of eight million euros. Signals Venture Capital participated as lead investor, and Capnamic, the digital divisions of KSK and Bremer Sparkassen, and business angels such as Georg Tacke also invested.

"We are thrilled 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 communications. The program is easy to use and is also suitable for teams working together from the home office. All steps for creating video recordings are automated and simplified, and royalty-free music and text modules are also available. With the help of the videos, companies should be able to communicate better with their employees.

Tom Vollmer, Oliver Wegner and Finn Frotscher founded Cofenster in 2020, and the startup says it has increased its revenue ninefold since its seed funding round last year.