Tech Company Financing Transactions
sewts Funding Round
On 8/10/2023, sewts raised $1.1 million in Series A financing from APEX Ventures, Bayern Kapital and CNB Capital.
Transaction Overview
Company Name
Announced On
8/10/2023
Transaction Type
Venture Equity
Amount
$1,091,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the roll-out of the sewts.VELUM systems across international laundries and enter new markets, such as the processing of clothing returns in e-commerce.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Guerickestr. 11
Munich, 80805
DE
Munich, 80805
DE
Phone
Undisclosed
Website
Email Address
Overview
Founded in 2019 with an ambitious goal, sewts is pushing the boundaries of robotics in the processing of easily deformable materials. Our founders developed this idea during their studies at TU Munich, focusing on research regarding the automated handling of easily deformable materials, like carbon fibers and textiles at the Chair of Carbon Composites. Still, our work is anchored in science while we work to bring true innovation to the world of automation technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alexander Bley
Chief Technical Officer
Tim Doerks
Browse more venture capital transactions:
Prev: 8/10/2023: Rightfoot venture capital transaction
Next: 8/10/2023: Boston Micro Fabrication venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. All VC database entries reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs