Workerbase receives ten million euros

The Munich-based start-up has thus successfully completed its Series A financing round.

Workerbase raised ten million euros from various investors in its Series A financing round. New investors on board include the Bavarian Start-up Fund, Bayern Kapital, Porsche Ventures and Almaz Kapital from California. Existing investor Point Nine, known among others for Delivery Hero and Momox, also invested again. The start-up, which was founded in 2017, intends to use the new capital to further expand the platform it has developed.

The company offers networking options between people, materials and machines along the supply chain to make companies more flexible, according to its own statements. Expensive production downtimes are thus to be avoided. That's also how Aniruddha Nazre, a partner at Almaz Capital, justifies the investment. "Workerbase is redesigning production processes by breaking them down into small pieces of individual activities," he says. "This offers new opportunities to increase operational flexibility." The startup's customers include Siemens and Porsche.