# Klarx

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

- Industry: Internet
- Headquarters: Munich, Germany
- Website: www.klarx.de
- Total disclosed funding: $17M
- Latest round: Series B (Apr 11, 2023)
- Investors on record: 7

## About

Based in Germany, Klarx GmbH is an online rental service specializing in construction machinery, offering a user-friendly platform for efficient equipment sourcing and management.Klarx GmbH, founded in 2015 in Munich, Germany, operates as a digital rental service for construction machinery, facilitating access to a diverse range of equipment. The founders, Florian Handschuh, Matthias Handschuh, Philipp Leeger, and Vincent Koch, have been instrumental in shaping the company's vision. In April 2023, Klarx raised EUR 11.5 million in Series B funding led by B&C Innovation Investments, bringing the total amount raised to EUR 11.5 million and valuing the company at EUR 215.90 million post-money.Klarx specializes in the rental of construction machinery, providing a comprehensive digital platform for efficient sourcing and management of equipment. They offer access to over 530,000 machines across various categories, including excavators, loaders, cranes, and aerial work platforms, serving more than 6,060 customers in sectors such as solar and photovoltaic, metal construction, and civil engineering. Their proprietary klarxMANAGER allows clients to manage rentals 24/7, ensuring transparency in availability, costs, and order status.Klarx operates on a rental model, offering flexible leasing options, including subscriptions and short-term rentals. Pricing begins at EUR 83 per day for excavators, EUR 96 per day for loaders, and EUR 104 per hour for cranes. This B2B service model enables businesses to procure equipment tailored to project needs without the upfront costs associated with purchasing machinery, simplifying the rental process through their digital platform.In April 2023, Klarx GmbH raised EUR 11.5 million in Series B funding, which will be utilized to expand its product offerings and enhance customer engagement. The funding round saw participation from several investors, including B&C Innovation Investments and Swiss Post Ventures. Klarx plans to explore new markets across Europe, leveraging its investment to streamline operations and improve customer interactions in the coming years.

## Funding rounds

- Series B, Apr 11, 2023, $13M — Optima Aegidius Group, Helvetia Group Venture Fund, Swiss Post Ventures, B&C Innovation Investments
- Series A, Sep 24, 2018, $4.7M — Eisbach Holding, Target Global, SEK Ventures

## Investors

- Eisbach Holding — Series A
- Target Global (https://capitalatlas.ai/funds/target-global) — Series A
- SEK Ventures — Series A
- Optima Aegidius Group — Series B
- Helvetia Group Venture Fund (https://capitalatlas.ai/funds/helvetia-group-venture-fund) — Series B
- Swiss Post Ventures — Series B
- B&C Innovation Investments (https://capitalatlas.ai/funds/b-c-innovation-investments) — Series B