# Cofenster

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cofenster

- Industry: Software
- Headquarters: Hamburg, Germany
- Website: www.cofenster.com
- Total disclosed funding: $11M
- Latest round: Series A (Jan 28, 2022)
- Investors on record: 5

## About

Cofenster GmbH, located in Hamburg, Germany, specializes in automated video production, enhancing corporate communication through innovative tools designed for authentic video creation.Founded in 2019 in Hamburg, Germany, Cofenster GmbH focuses on automating video production. The company has successfully closed 3 deals and raised EUR 8.000 mn in its Series A funding round, led by Signals Venture Capital, bringing its total raised amount to EUR 8.000 mn and a current valuation of EUR 34.517 mn. Cofenster's founding team includes Finn Frotscher, Olli Wegner, and Tom Vollmer, who also serves as CEO.Cofenster specializes in automated video production through its core products, Ella and Milo, which streamline the creation of authentic employee videos and viral clips. Ella acts as a project manager for planning, recording, and finalizing video projects, while Milo transforms longer video content into shareable clips suitable for social media. Additionally, Theo converts text into professional videos with visuals, animated text, and AI-generated voiceovers. Their services cater to various sectors, including marketing, human resources, and internal communications, across multiple geographical markets in Europe and North America.Cofenster operates on a subscription-based revenue model, allowing clients to access its video production tools regularly. This model fosters ongoing relationships with businesses, enabling continuous content updates. Flexible pricing tiers accommodate varying usage levels, particularly for larger organizations utilizing these tools for corporate communications, enhancing their value proposition and fostering long-term partnerships.Cofenster GmbH is actively developing new products to further enhance its service offerings. Additionally, the company plans to expand into new markets, specifically targeting regions in Europe and North America by 2025. Recent funding from Kinled Holding will support these initiatives, facilitating the development of upcoming features and enhancing operations to meet growing client demands.

## Funding rounds

- Series A, Jan 28, 2022, $8.9M — Capnamic, Varengold Bank, Signals Venture Capital, Verve Ventures
- Series A, Feb 4, 2021, $1.8M — Capnamic, Eckert Wagniskapital und Frühphasenfinanzierung GmbH, Signals Venture Capital, Verve Ventures

## Investors

- Capnamic (https://capitalatlas.ai/funds/capnamic) — Series A
- Eckert Wagniskapital und Frühphasenfinanzierung GmbH — Series A
- Signals Venture Capital (https://capitalatlas.ai/funds/signals-venture-capital) — Series A
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Series A
- Varengold Bank — Series A