The Munich startup Cevotec has successfully completed its first round of financing. Also participating is Bavaria Capital. In addition, the High-Tech Founders Fund and three business angels from the BayStartUPnetwork involved.
The total investment amount is 1.75 million eurosWith this investment, the spin-off from the Technical University of Munich will primarily finance the development of the software and production plant for series production.
“Best prospects for a successful future”
The startup develops and sells production systems and software for the automated production of complex carbon fiber components. With fully digital product development and additive manufacturing processes, the young company is bringing Industry 4.0 to the fiber composites industry, enabling manufacturers to achieve cost-effective, high-quality series production of complex CFRP components.
"Cevotec has developed a future-proof technology with a broad range of applications in a growth market. (...) The competent founding team has a well-thought-out market entry strategy and a shareholder base with extensive know-how. These are excellent prospects for a successful future,"
explained Dr. Georg Ried, Managing Director of Bayern Kapital.
