MWN leads €1.9m funding round for Coredinate

Previous investors High-Tech Gründerfonds (HTGF) and Bayern Kapital also took part in the follow-on round.

Bayern Kapital drew funds from Innovationsfonds ERFE to finance the deal, having previously invested in Coredinate from SeedFonds Bayern.

The fresh capital will be used to advance product development and step up sales and marketing activities. MWN has also taken a board seat as part of the deal.

Previous funding
In July 2015, Bayern Kapital and HTGF invested in a seed round for Coredinate.

Company
Founded in 2015 and based in Uffenheim, Coredinate develops a mobile software application for use by security, maintenance and cleaning companies. It allows service operates to monitor and control the activities of their workforces without the need for clipboards and filing cabinets.

People
High-Tech Gründerfonds – Chiara Sommer (senior investment manager).
Coredinate - Michael Kulig, Sebastian Kulig (co-founders).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• High-Tech Gründerfonds
• Venture