Laserhub GmbH, a Stuttgart, Germany-based operator of the online platform for the procurement of customized sheet metal and turned parts, completed its double-digit million-euro Series B financing round.
The round was led by Evli Growth Partners, with two other international funds, Europe’s Fuse Venture Partners and FJ Labs from the USA, joining as co-investors. Previous investors Project A, Point Nine Capital and Acton Capital have participated again, and Laserhub has also entered a commercial partnership with logistics company DB Shencker.
The company intends to use the funds to expand the market leadership it has already achieved in the field of digital platforms in Europe. Growth will be driven through the expansion of capabilities in existing technologies, optimized to the needs of industrial medium-sized companies. New processing methods such as welding will be incorporated into the product with the long-term goal for customers to procure individual parts and conduct entire assemblies via Laserhub.
Led by Christoph Rößner and Adrian Raidt, Laserhub provides an automated, digital platform that covers orders for laser cutting, bending, tube laser cutting and CNC turning. The digital process covers all steps from the automatic creation of an offer, to placing the order, implementation, logistics, and billing.
More than 7,500 companies from Europe’s manufacturing industry are now using the solution. In addition to Germany, Laserhub is active in France, Austria, Belgium and Luxembourg. In addition to further developing the platform, the company aims to expand into other European markets within the coming months.