Klarx has set itself the goal of driving digitalization in the construction industry To this end, the startup, founded in 2015, has developed a platform for renting construction equipment and machinery. Construction companies should thus benefit from the advantages of such platforms, such as easier searches, comparable costs, and verifiable availability. With its own software, the startup also offers rental companies a solution with which they can manage their fleet and accelerate the processing of rental requests.
Klarx plans to use the €11.5 million it has now raised for further growth. This will include both entering new countries and expanding its product range. The long-term goal is to become Europe's leading platform for the rental of construction equipment and machinery. The current financing round is coming from Helvetia Venture Fund, Swiss Post Ventures, and Rudi Hilti. Existing investors B&C Innovation Investments and the Flixbus founders are also participating.
“Taking Klarx to new heights”
Klarx Co-Founder Florian Handschuh explained:
"We are very pleased with the investment from Helvetia Venture Fund, Swiss Post Ventures, Rudi Hilti, and our existing investors. This investment will enable us to take Klarx to new heights and further revolutionize the construction industry with our technology-driven solutions. We are very grateful to our investors for their support and the trust they have placed in us."
The last financing round for the Munich startup was a while ago. In the summer of 2019, the company secured €12.5 million, with B&C Innovation Investments also participating in the deal, along with Target Global. The startup currently has over 5,000 locations in Germany and Austria, and customers can choose from over 500,000 construction machines.
