Coredinate Secures €1.9M in Follow-On Financing

Funding Rounds

▤ Summary

Coredinate, an Uffenheim, Germany-based software-as-a-service (Saas) company that specializes in solutions for security, maintenance and cleaning firms, closed €1.9M in financing.Backers included High-Tech Gründerfonds, Bayern Kapital, BayernKapital Innovationsfonds ERFE, MWN Equity Investment GmbH.The company intends to use the funds to advance product development and step up its sales and marketing activities.Led by Michael Kulig and Sebastian Kulig, Coredinate provides a SaaS based solution that enables maintenance, security and cleaning firms to optimize daily work processes via an innovative guard tour patrol systems.It offers improved verification of checkpoints and employee tasks, enables occupational safety to be monitored with GPS functionality, and comes with an integrated time management system.

$ Funding

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Amount $2.3M Total raised
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Date September 22, 2017 Announcement date
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Investors - Lead investors
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Company https://www.coredinate.de/ Funded company

▥ Classifications

industries
No industries detected
applications
Facilities Management

◇ AskAI Classifications

Labels
Software as a Service (SaaS) Security Software Facility Management Software

▦ Linked Companies

COREDINATE GmbH
$1M to $5M