CNCTeile24
Marketplace for on-demand manufacturing of high quality precision parts.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
* | €8.3m | Series A | |
| Total Funding | 000k | ||
| EUR | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 509 % | 216 % | 175 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | (36 %) | (25 %) |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
CNC24, operating under the website cncteile24.de, is a German-based startup that serves as a one-stop-shop for all metalworking processes. The company operates in the manufacturing industry, specifically in the metalworking sector, and caters to clients who require metal components for their businesses.
CNC24's business model is centered around simplifying the procurement process for its clients. It does this by providing access to a network of over 500 hand-selected manufacturers from Europe and around the world. Clients simply make an inquiry, upload their manufacturing drawing and specify their order. Within 48 hours, CNC24 provides a quote. The company then finds the right manufacturer, oversees production, and ensures quality control.
The startup makes money by acting as the middleman between clients and manufacturers. It charges for the services it provides, which include coordinating with international producers, handling customs and shipping, and providing quality control in its own ISO9001 certified measurement center.
CNC24 also uses an AI-powered matching algorithm to assign requests to partners with the right expertise and production environment for the client's components. This ensures that the quality of the components is guaranteed and that the client's supply chain is under control.
Keywords: Metalworking, Manufacturing, Procurement, Quality Control, AI-Powered Matching, International Coordination, Customs and Shipping Handling, ISO9001 Certified, Supply Chain Management, One-Stop-Shop.