Cologne – A VC team from Luther Rechtsanwaltsgesellschaft comprehensively advised Capnamic Ventures on the funding of the start-up cofenster. A EUR 1.5 million seed funding round was successfully completed.
Cofenster, a Hamburg-based SaaS tool that enables automated video creation with smartphones, is mainly used internally in companies. The app enables employees to produce high-quality company videos automatically and in line with the corporate branding using their own smartphones. Teams at Beiersdorf, Microsoft, Stada and Carlsberg use it for internal communication, human resources and product communication purposes.
With the funding, the start-up plans to expand its sales and product teams, roughly tripling the size of the overall team by the end of 2021.
About Capnamic Ventures:
Capnamic Ventures, based in Berlin and Cologne, is one of Europe’s leading early-stage venture capital investors. The VC investment focus is on technology start-ups in German-speaking countries. Capnamic also invests with international co-investors. All portfolio companies are supported by Capnamic’s global industry network. The Capnamic team’s expertise is based on more than 80 investments, numerous successful trade sales and IPOs, as well as the team members’ own entrepreneurial experiences.
On behalf of Capnamic Ventures: