Capnamic et al. inject €4m into Cobi

The fresh capital will be used to establish distribution, marketing and customer services. Cobi is looking to make at least 20 new hires.

Private investors from Cobi's seed round also invested in the company. Cobi previously raised more than $400,000 in a crowdfunding campaign, exceeding its $100,000 target.

In 2013, Capnamic and Iris entered into a partnership agreement to make early-stage investments in Germany. As a result, Iris's OP Ventures Early Stage invests alongside the Capnamic Ventures Fund in fast-growing German digital start-ups.

Company
Founded in 2014, Cobi is a modular system consisting of a handlebar mount, head- and tail-lights, a thumb controller and a smartphone app. It upgrades a normal bike to a smartbike, providing 100 functions including a navigation system, brake lights and anti-theft protection. The system will launch in summer 2015. The company currently has around 15 employees.

People
Andreas Gahlert is founder and managing director of Cobi. Christian Siegele is managing partner at Capnamic. Pawel Schapiro is investment manager at Creathor.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Early-stage
• Technology
• Germany