Kinexon receives $130 million
Janina Gerhardt
| 26.04.2022
The funding will enable the startup to drive international expansion and scale its operating system.
Munich-based startup Kinexon has raised $130 million in its Series A funding round, the company announced. The lead investor in the round is private equity firm Thomas H. Lee Partners. BMW i Ventures and Telekom Innovation Pool (TIP), Deutsche Telekom's strategic investment fund, are also participating in the financing. The company plans to use the new capital to drive its expansion in Europe and North America.
"Our vision is a world in perfect flow. Wherever objects, people or processes are in motion, we can improve and automate the processes behind them," says co-founder and co-CEO Oliver Trinchera about the company's goal.
Trinchera co-founded the startup with Alexander Hüttenbrink in 2012. The founders have developed software that is designed to record and automate processes in production, logistics or sports. In sports, for example, the technology can be used to track players and balls in real time, providing data on their performance and game strategy. Customers include BMW, Continental, Siemens and Airbus.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectTake care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.
Share on Linkedin Share on Facebook Share on XingFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
