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Plancraft raises €12M in a Series A funding led by Creandum to digitalise the craft industry

PRIVATEJun 05, 2024•about 2 years ago

Amount Raised

€12 Million

Round Type

Series A

HamburgSoftware

Investors

High Tech GründerfondsBitstone CapitalCreandum

Description

Hamburg-based company Plancraft has successfully closed a €12 million Series A financing round. The company aims to build the first European contractor operating system and expand beyond the DACH region, aiding product expansion and creating further digitalisation opportunities for craft businesses.

Company Information

Company

Plancraft

Location

Hamburg, Hamburg, Germany

About

Plancraft offers a software solution for digitalising work processes in the craft industry, including invoicing, pricing, construction site documentation, and time tracking.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Plancraft raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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