Assemblio, a Stuttgart, Germany-based software company that helps to intelligently plan assembly and generate fully automatic assistance systems for production, secured €2.1 million in seed funding.
SaaS Investors
The round was led by LEA Partners, with Mätch VC, Cross Atlantic Angels, Silver Scale, and others participating.
Founded in 2002, LEA Partners is a venture capital and private equity firm specializing in seed, early-stage, growth, and buyout investments. The firm seeks to invest in companies operating in the B2B technology sector in Europe.
Assemblio Use of Funds
The investment aims to modernize assembly processes, targeting sectors like automotive and medical technology burdened by outdated planning methods. With plans to expand and enhance product development, Assemblio aims to revolutionize assembly planning globally, with an initial focus on the US market.
About Assemblio
Established in 2022, Assemblio originated as a spin-off from the prestigious Fraunhofer Institute for Manufacturing Engineering and Automation IPA in Stuttgart. Assemblio is a software company specializing in AI-based solutions for assembly planning in manufacturing industries. The company aims to simplify and streamline the assembly process, making it faster, more cost-efficient, and less labor-intensive. The company's software, Assembly Composer, allows users to generate assembly plans automatically from CAD files, reducing planning efforts from weeks to minutes. Its technology has garnered attention from various investors and industrial customers, including notable names like Krones and Bosch.
Funding Details
Company: Assemblio GmbH
Raised: €2.1M
Round: Seed Round
Funding Month: February 2024
Lead Investors: LEA Partners
Additional Investors: Mätch VC, Cross Atlantic Angels, Silver Scale
Company Website: https://www.assemblio.com/
Software Category: Manufacturing
Source: https://www.eu-startups.com/2024/02/stuttgart-based-software-company-assemblio-raises-e2-1-million-to-create-the-future-of-assembly-planning/