Tech Company Financing Transactions
ProGlove Funding Round
ProGlove closed a $40 million financing round on 9/11/2019. Investors included Summit Partners.
Transaction Overview
Company Name
Announced On
9/11/2019
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Summit Partners (Johannes Grefe)
Proceeds Purpose
The company plans to leverage this funding to expand its international footprint and support its mission to connect the human workforce with the industrial Internet of Things (IoT).
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
Rupert-Mayer-Straße 44 Building 64.08a
Munich, 81379
Germany
Munich, 81379
Germany
Phone
Website
Email Address
Overview
ProGlove develops industrial wearables. The smart solutions of the German headquartered company are used by more than 500 renowned organisations in manufacturing, production, logistics and retail. ProGlove was founded in December 2014 after winning the Intel Make it Wearable Challenge in Silicon Valley.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andreas Koenig
Chief Operating Officer
Jonas Girardet
Founder
Paul Günther
VP - Bus. Development
Manuel Bönisch
VP - Human Resources
Eva Fischer
VP - Product Management
Thomas Kirchner
VP - Sales
Nico Pfaff
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