{"id":52500,"date":"2019-09-09T13:00:35","date_gmt":"2019-09-09T11:00:35","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=52500"},"modified":"2020-03-03T11:15:42","modified_gmt":"2020-03-03T10:15:42","slug":"proglove-receives-40-million-in-growth-capital","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/52500\/proglove-receives-40-million-in-growth-capital\/","title":{"rendered":"Proglove receives $40 million in growth capital"},"content":{"rendered":"
\n

The Munich-based wearable startup<\/strong> Proglove receives $40 million in growth capital from investor Summit Partners, which will enable the company to further expand internationally.<\/strong><\/p>\n\n\n\n

Proglove, founded in 2014, has received a $40 million investment from the American private equity firm Summit Partners. The Munich-based startup plans to use the new capital to expand its international reach. <\/p>\n\n\n\n

Proglove aims to further expand with growth capital<\/h2>\n\n\n\n

At the same time, the company plans to continue researching how human workers can be connected to the Industrial Internet of Things (IoT). The last funding round in spring 2018 brought the startup 5.5 million euros<\/a>, the previous 7.7 million euros<\/a>. A total of almost 49.5 million euros of venture capital has been invested in the company so far. Proglove currently operates an office in Munich and in Chicago<\/a>The company employs more than 160 people from around 40 countries at its two locations in Munich and Chicago. <\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

The Munich-based company offers a glove scanner<\/a>, which is designed to make scanning processes in manufacturing, logistics, transport, e-commerce and retail more efficient. Glove scanner <\/a>serves as a natural extension of the work tools. Proglove's wearable products have convinced around 500 industrial customers worldwide, including Audi, BMW, Bosch, Daimler, DHL, and Lufthansa. The solution offers customers improved scanning efficiency of up to 50 percent.<\/p>\n\n\n\n

Industrial wearables will determine assembly and logistics processes in the future <\/h2>\n\n\n\n
\"\"

Andreas K\u00f6nig<\/strong>, CEO of Proglove <\/figcaption><\/figure><\/div>\n\n\n\n

"In the age of Industry 4.0, companies must rethink and reinvent the way humans and machines interact to create a competitive advantage. Wearables articulate the importance of empowering employees in the industrial IoT environment and giving them the tools for greater efficiency," <\/p><\/blockquote>\n\n\n\n

says Andreas K\u00f6nig<\/strong>, CEO of Proglove. He believes that industrial wearables will determine the future of assembly, production, and logistics processes. Johannes Grefe,<\/strong> Principal at Summit Partners and new member of the supervisory board of Proglove, similar: <\/p>\n\n\n\n

\u201cThe market for industrial wearables is large and growing rapidly, and we believe Proglove is well positioned to continue growing as manufacturing and shipping processes increasingly rely on intelligent scanning solutions to optimize productivity.\u201d<\/p><\/blockquote>\n\n\n\n

Matthias Allgaier<\/strong>, Managing Director at Summit Partners and also new member of the Supervisory Board at Proglove, adds: <\/p>\n\n\n\n

\u201cWe believe Proglove\u2019s customer-centric approach to product development offers a significant opportunity to empower the human worker while increasing workplace efficiency.\u201d<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

Munich-based wearable startup Proglove has received $40 million in growth capital from investor Summit Partners. The company plans to use this capital to further expand internationally. Founded in 2014, Proglove has received a $40 million investment from the American private equity firm Summit Partners. The Munich-based startup plans to use the new capital to expand its international\u2026<\/p>","protected":false},"author":22,"featured_media":42816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,628,373],"acf":[],"yoast_head":"\nProglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital - Munich Startup<\/title>\n<meta name=\"description\" content=\"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital. Mit dieser Summe will das Startup weiter expandieren und seine internationale Reichweite ausbauen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/52500\/proglove-receives-40-million-in-growth-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital. Mit dieser Summe will das Startup weiter expandieren und seine internationale Reichweite ausbauen.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/52500\/proglove-receives-40-million-in-growth-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-09T11:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-03T10:15:42+00:00\" \/>\n<meta name=\"author\" content=\"Helen Duran\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Helen Duran\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/\",\"url\":\"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/\",\"name\":\"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/12\/ProGlove-Thomas-Kirchner-und-Andreas-K\u00f6nig-e1544015377376.jpg\",\"datePublished\":\"2019-09-09T11:00:35+00:00\",\"dateModified\":\"2020-03-03T10:15:42+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/9475cba0d0a1c75be607e20a2173385e\"},\"description\":\"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital. Mit dieser Summe will das Startup weiter expandieren und seine internationale Reichweite ausbauen.\",\"breadcrumb\":{\"@id\":\"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#primaryimage\",\"url\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/12\/ProGlove-Thomas-Kirchner-und-Andreas-K\u00f6nig-e1544015377376.jpg\",\"contentUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/12\/ProGlove-Thomas-Kirchner-und-Andreas-K\u00f6nig-e1544015377376.jpg\",\"width\":1500,\"height\":828,\"caption\":\"Proglove erh\u00e4lt 40 Mio. Dollar Wachstumskapital\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cms.munich-startup.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cms.munich-startup.net\/#website\",\"url\":\"https:\/\/cms.munich-startup.net\/\",\"name\":\"Munich Startup\",\"description\":\"Das offizielle Startup-Portal f\u00fcr M\u00fcnchen\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cms.munich-startup.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/9475cba0d0a1c75be607e20a2173385e\",\"name\":\"Helen Duran\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d704a78753d0b0da6407ce5550638f3d?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d704a78753d0b0da6407ce5550638f3d?s=96&d=blank&r=g\",\"caption\":\"Helen Duran\"},\"description\":\"Als Redakteurin ist die Wirtschaftsgeografin Helen Duran seit 2015 f\u00fcr Euch in der hiesigen Gr\u00fcnderszene unterwegs. Sie ist neugierig auf Eure spannenden Startup-Geschichten!\",\"url\":\"https:\/\/cms.munich-startup.net\/en\/author\/huettl\/\"}]}<\/script>\n<meta property=\"og:image\" content=\"https:\/\/cms.munich-startup.net\/en\/wp-content\/uploads\/2018\/12\/ProGlove-Thomas-Kirchner-und-Andreas-K\u00f6nig-e1544015377376.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"828\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Proglove receives $40 million in growth capital - Munich Startup","description":"Proglove is receiving $40 million in growth capital. The startup plans to use this sum to further expand and expand its international reach.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cms.munich-startup.net\/en\/52500\/proglove-receives-40-million-in-growth-capital\/","og_locale":"en_US","og_type":"article","og_title":"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital - Munich Startup","og_description":"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital. Mit dieser Summe will das Startup weiter expandieren und seine internationale Reichweite ausbauen.","og_url":"https:\/\/cms.munich-startup.net\/en\/52500\/proglove-receives-40-million-in-growth-capital\/","og_site_name":"Munich Startup","article_publisher":"https:\/\/www.facebook.com\/munichstartup\/","article_published_time":"2019-09-09T11:00:35+00:00","article_modified_time":"2020-03-03T10:15:42+00:00","author":"Helen Duran","twitter_card":"summary_large_image","twitter_creator":"@munich_startup","twitter_site":"@munich_startup","twitter_misc":{"Written by":"Helen Duran","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/","url":"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/","name":"Proglove receives $40 million in growth capital - Munich Startup","isPartOf":{"@id":"https:\/\/cms.munich-startup.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#primaryimage"},"image":{"@id":"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#primaryimage"},"thumbnailUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/12\/ProGlove-Thomas-Kirchner-und-Andreas-K\u00f6nig-e1544015377376.jpg","datePublished":"2019-09-09T11:00:35+00:00","dateModified":"2020-03-03T10:15:42+00:00","author":{"@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/9475cba0d0a1c75be607e20a2173385e"},"description":"Proglove is receiving $40 million in growth capital. The startup plans to use this sum to further expand and expand its international reach.","breadcrumb":{"@id":"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#primaryimage","url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/12\/ProGlove-Thomas-Kirchner-und-Andreas-K\u00f6nig-e1544015377376.jpg","contentUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/12\/ProGlove-Thomas-Kirchner-und-Andreas-K\u00f6nig-e1544015377376.jpg","width":1500,"height":828,"caption":"Proglove erh\u00e4lt 40 Mio. Dollar Wachstumskapital"},{"@type":"BreadcrumbList","@id":"https:\/\/cms.munich-startup.net\/52500\/proglove-erhaelt-40-mio-dollar-wachstumskapital\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cms.munich-startup.net\/"},{"@type":"ListItem","position":2,"name":"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital"}]},{"@type":"WebSite","@id":"https:\/\/cms.munich-startup.net\/#website","url":"https:\/\/cms.munich-startup.net\/","name":"Munich Startup","description":"The official startup portal for Munich","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cms.munich-startup.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/9475cba0d0a1c75be607e20a2173385e","name":"Helen Duran","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d704a78753d0b0da6407ce5550638f3d?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d704a78753d0b0da6407ce5550638f3d?s=96&d=blank&r=g","caption":"Helen Duran"},"description":"As an editor, economic geographer Helen Duran has been working for you in the local startup scene since 2015. She's curious to hear your exciting startup stories!","url":"https:\/\/cms.munich-startup.net\/en\/author\/huettl\/"}]},"og_image":[{"width":1500,"height":828,"url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2018\/12\/ProGlove-Thomas-Kirchner-und-Andreas-K\u00f6nig-e1544015377376.jpg","type":"image\/jpeg"}]},"_showyear":"","_inactive":"","_show_financing":"","_hide_on_map":"","_edit_lock":"1583230543:22","_edit_last":"22","_yoast_wpseo_focuskw":"Proglove erh\u00e4lt 40 Mio. Dollar Wachstumskapital","_yoast_wpseo_metadesc":"Proglove erh\u00e4lt 40 Millionen Dollar Wachstumskapital. Mit dieser Summe will das Startup weiter expandieren und seine internationale Reichweite ausbauen.","_yoast_wpseo_linkdex":"61","_thumbnail_id":"42816","wbounce_status":"default","_yoast_wpseo_primary_category":"5633","_yoast_wpseo_focuskw_text_input":"","_yoast_wpseo_content_score":"90","ms_image_format":"contentwidth","_ms_image_format":"field_5cb8587572c8b","ms_dachzeile":"Investment","_ms_dachzeile":"field_5cd9b7f365df5","ms_bump_post_date":"","_ms_bump_post_date":"field_5d1341edcf42a","guest_author_name":"","_guest_author_name":"field_5cee78a6016f9","guest_author_image":"","_guest_author_image":"field_5cee7914016fb","guest_author_description":"","_guest_author_description":"field_5cee78dd016fa","ms_post_image_caption":"","_ms_post_image_caption":"","ms_post_image_credit":"","_ms_post_image_credit":"","suppress_startupbox":"","_suppress_startupbox":"","_yoast_wpseo_estimated-reading-time-minutes":"","_wp_old_date":"","_yoast_wpseo_title":"","_yoast_wpseo_wordproof_timestamp":"","footnotes":"","easy_language_simplification_original_id":"","easy_language_source_language":"","easy_language_simplification_language":"","easy_language_api":"","easy_language_prevent_automatic_mode":"","_wp_old_slug":"","_wp_trash_meta_status":"","_wp_trash_meta_time":"","easy_language_simplification_state_changed_from":"","easy_language_de_EL_changed":"","ms_competition_deadline":"","_ms_competition_deadline":"","_wpbitly":"","enclosure":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","wbounce_template":"","wbounce_title":"","wbounce_text":"","wbounce_cta":"","wbounce_url":"","wbounce_override":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_oembed_7131efca3705e16bd9da2c41df237660":"","_oembed_time_7131efca3705e16bd9da2c41df237660":"","_pprredirect_type":"","_pprredirect_url":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_newsletterglue":"","easy_language_text_language":"","_wp_desired_post_slug":"","_relevanssi_noindex_reason":"","_links":{"self":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/52500"}],"collection":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/comments?post=52500"}],"version-history":[{"count":5,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/52500\/revisions"}],"predecessor-version":[{"id":58111,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/52500\/revisions\/58111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media\/42816"}],"wp:attachment":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media?parent=52500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/categories?post=52500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/tags?post=52500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}