#DealMonitor
+++ #DealMonitor +++ DefenseTech unicorn Stark receives 500 million +++ Auto subscription Grownup Finn collects 140 million – and becomes a unicorn +++ AI startup Ora Computing collects 3.5 million +++ Robotics startup Innok Robotics receives 3.3 million +++
In the #DealMonitor For June 24th we’ll take a look at the most important, exciting and interesting investments and exits of the day in the DACH region. All deals from the previous days are available in a large and clear format #DealMonitor Archives.
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INVESTMENTS
Strong
+++ The American financier Sequoia Capital, Nato Innovation Fund (NIF), Project A Ventures, Air Street Capital, 201 Ventures, Advent and Döpfner Capital are investing 500 million euros in Stark. The young Berlin-based DefenseTech, founded in 2024 by Quantum Systems founder Florian Seibel and Sven Kruck, relies, among other things, on combat drones (Loitering Munition System). As part of the investment round, the company is valued at more than 3.2 billion euros (previously 1 billion) – as Handelsblatt reports. The fresh capital should flow particularly into research. Since its founding, the company has already collected around 640 million. More about Stark
Finn
+++ The Canadian lender Portage, Planet First Partners, Korelya Capital, White Star Capital, HV Capital, Picus Capital, SevenVentures, BC Partners Credit and Runway Growth Capital are investing 140 million euros (including 40 million in debt capital) in FINN. As a result of the investment round, the company is valued at around 1 billion euros and thus becomes a unicorn. The Munich-based Grownup, founded in 2019 by Max-Josef Meier (no longer on board) and Maximilian Wühr, relies on car subscriptions. According to its own information, the company currently has “more than 50,000 FINN subscriptions”. The annual recurring revenue (ARR) is “over 300 million euros”. The company has already raised around 250 million in equity capital in recent years – including from Picus Capital, HV Capital, UVC Partners and Heartcore Capital. In addition, there is borrowed capital amounting to billions. More about Finn
Ora Computing
+++ The Swiss early-stage investor Constructor Capital, Greencode Ventures from Helsinki and XISTA Science Ventures are investing 3.5 million euros in Ora Computing. The Viennese startup, founded by Stefan Sack and Raimel Medina, is developing technology for compressing AI models. The solution is intended to make the deployment of large language models in the cloud and on edge devices more efficient by reducing storage requirements and computational effort. More about Ora Computing
Innoc Robotics
+++ The private investor network Companisto, Prolimity Capital Partners and Co. are investing 3.3 million euros in Innok Robotics. The Regenstauf-based company, founded in 2012 by Alwin Heerklotz, relies on “fully integrated AMR systems that include both software and vehicle hardware as well as state-of-the-art 2D and 3D sensor technology based on artificial intelligence.” With the fresh capital, the team would like to “continue to aggressively scale up.” Companisto, Prolimity Capital Partners and the entrepreneur Heinz Ferchau, founder of Ferchau Engineering, previously invested around 7 million in the company. Prolimity recently held around 45% of Innok. More about Innok Robotics
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