DN Capital et al. lead €5.5m series-A for Cognigy

Cognigy plans to use the investment to expand into the US, and to build a US-based sales and marketing team.

UK-based VC DN Capital participated in the €10m round for German automated job-search platform Joblift in August 2019. The firm is currently investing from GVC IV, which held a final close in December 2017 on €200m.

Nordic Makers was founded by a group of entrepreneurs and typically invests $500,000-2m in early-stage rounds.

Previous funding
Cognigy held a seed funding round of €1-9m in November 2017. Participants in the round included Digital Incubation and Growth and business angel Bjarne Hansen.

Company
Cognigy produces software intended to automate conversational business processes including HR, e-commerce, IT helpdesks and customer services. Its clients include Lufthansa, Bosch and Henkel.

The company is based in Düsseldorf and has an additional office in San Francisco. It has a headcount of 33, according to LinkedIn.

People
DN Capital – Guy Ward Thomas (investment manager).
Cognigy – Philipp Heltewig (co-founder, CEO); Sascha Poggemann (co-founder, COO).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• DN Capital
• Germany