21 February 2020:
Celus has raised €1.7 million in fresh funding. The funding round was led by Speedinvest. Plug And Play, as well as existing investor and electronics industry expert Dr. Dieter Lederer also participated in the funding round.
This funding round takes the total raised by Celus to more than €2 million.
fundsThe startup will use the fresh capital to triple its staff headcount, to further enhance its product and ramp up sales and marketing. Although initially targeting Europe, the startup plans to expand into the US in the coming months.
Tobias Pohl, CEO, Celus, said, “With Speedinvest, Dr. Dieter Lederer and Plug And Play, we have excellent partners on board to drive the revolution of electronics engineering. Engineers should focus on innovation and creativity while machines should take over manual and repetitive steps – this is what we stand for. The effect for our customers is a tremendous reduction of time-to-market, engineering effort and budget.”
Marie-Helene Ametsreiter, partner at Speedinvest, said, “We are humbled to support Celus on its mission to substantially transform the electronics industry. The company’s technical talent and executional excellence (among many other factors) make it one of the most promising seed-stage startups in Europe.”
(Image – Celus)