More money for Konux

The start-up from Munich expands its current financing round by five million US dollars. Konux already received a high double-digit million sum in January.

Actually, the financing round in January was already one of the bigger ones in recent weeks. At that time, the Munich-based sensor technology start-up Konux raised 80 million US dollars in a Series C financing round. The investors have now increased this by another five million US dollars.

Among others, the family office of the Strüngmanns, which operates under the name Athos, invested. Also participating as shareholders are the MIG funds, which collect money from private investors and then put it into start-ups. Four of these MIG funds are involved, with one of them alone accounting for half of the investment, according to the company's own figures.

The investors are apparently convinced that Konux has a more or less golden future. It wants to make money with intelligent sensors that will, for example, prevent expensive switch malfunctions from occurring in the rail network. "We make rail travel more reliable and more punctual," says founder Andreas Kunze. Deutsche Bahn, among others, has been a customer for a few months, but the technology of the start-up, founded in 2014, is also to be used in other countries.