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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
HamburgSoftwareInvestors
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.
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1 contactFunding Insights
Based on industry dataTypical 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