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BCII leads EUR12.5m funding round in klarx

klarx, a European online platform for construction machinery rental, has raised EUR12.5 million in a funding round led by B&C Innovation Investments GmbH (BCII), alongside existing investor Target Global.

The funding will facilitate further product development and the company’s expansion into new European markets.
 
Founded in 2015 by brothers, Matthias and Florian Handschuh, together with Vincent Koch, klarx is a digital platform that seeks to make the supply of construction equipment easier, faster and more cost efficient for its users. The company’s business model vertically integrates more than 4,000 rental partners, using a holistic approach that digitalises the entire value chain of equipment rental. As a result, construction companies can access, rent and manage more than 250,000 types of machinery online with just a few clicks. 
 
To date, more than 50,000 rental requests have been handled for thousands of customers, including Strabag, Deutsche Bahn and Unger Steel. The vision behind klarx is to make procurement on construction sites as simple and straightforward as renting a car. The company has a passionate, energetic team dedicated to digital transformation and shaping the construction site of tomorrow.
 
Florian Handschuh, co-founder of klarx, says: “We will use the new funding to accelerate our international growth and to foster the development of our technology platform to empower the future of construction.” The startup plans to roll out new features onto its platform, including a disposition tool that will manage the equipment used across any given construction site, and record real-time telematics data from the machinery.
 
Thomas Zimpfer, Managing Director of BCII, says: “The Austro-German founding team and the stunning success of klarx fully convinced us to invest. The time has come to push for further growth in Germany and Austria and to enter new markets in Europe. The B&C Group accompanies klarx as an investor with industry knowledge from our network.” 
 
Ben Kaminski, Partner at Target Global and Head of the Mobility 2.0 Fund, adss: “We are excited to continue supporting klarx on its mission to digitalise the construction industry. The team is at the forefront of transforming every aspect of the rental experience and thereby becoming a core part of the value chain for both customers and suppliers.”

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