LUTZ | ABEL advises klarx on series B round of 12.5 million euros
Munich — Munich-based start-up klarx secures EUR 12.5 million in a Series B financing round. The lead investor is B&C Innovation Investments (BCII), and the former investor Target Global is also participating again. LUTZ | ABEL is advising klarx in this financing round.
Founded in Munich in 2015 by brothers Florian and Matthias Handschuh and Vincent Koch, klarx is now one of the leading rental portals for construction machinery with over 50,000 rental requests processed by now. The start-up aims to tap into the €25 billion market volume of the digital rental market for construction equipment in Europe. The online rental platform now has 4,000 registered partners and more than a quarter of a million pieces of light equipment with their technical data. In order to be able to provide construction customers with a complete package of service and billing, klarx rents the equipment itself and subsequently sublets complete construction site facilities, including transport and insurance cover, to its customers.
With the help of Series B financing, klarx is increasingly focusing on the international market and the further development of the platform into a digital scheduling tool for landlords and construction companies from all over Europe. The start-up aims to digitize the construction industry with its technology platform. In addition to lead investor B&C Innovation Investments (BCII), legacy investor Target Global again participated in the financing.
Consultant klarx: LUTZ | ABEL
Dr. Marco Eickmann (Lead Partner), Philipp Hoene and Dr. Sebastian Sumalvico
About B&C Innovation Investments GmbH
B&C Innovation Investments GmbH (BCII) invests in innovative growth companies with a technological background that are relevant to the industry and thus to the “old economy”. The focus is on high-impact start-up teams, which BCII supports as an investor and active shareholder.
BCII’s investments are aimed at founding teams pursuing business models with a technological or innovative core and promising growth opportunities. The aim of BCII is not “merely” to support founding teams with capital, but to network them with established companies and establish them in the market.
BCII does not pursue a mandatory exit strategy in its investments. Longer-term partnerships with growth companies are also conceivable for BCII under the condition of value-enhancing development.
In addition to its majority shareholdings in AMAG, Lenzing, Semperit and its long-standing activities in the area of research promotion, the B&C Group is thus providing further impetus for Austria as a business location.