New Juconn investor: The Munich-based IoT startup has gained a new strategic investor in Francotyp-Postalia (FP). The investment developed from an existing project-based collaboration between the group and the startup.
Juconn develops IoT solutions and smart data applications for a wide range of corporate needs. FP, a global group specializing in secure mail business and secure digital communication processes, has now invested in the startup with a stake of 15%. Juconn's current valuation is thus in the double-digit million range. The acquired shares originate from a capital increase against cash contributions.
Win-win situation for startup and corporation
Through the cooperation, the startup secures FP's technical know-how and access to flexible data collection and secure transmission.
“With FP we gain a partner that gives us an additional advantage in the market,”
so Sven Dunker, CEO of Juconn.
"Together, we are now able to offer our customers competitive end-to-end solutions from a single source. This enables them to realize significant efficiency and cost advantages."
With its open IoT platform and the inclusion of blockchain technology, the startup makes it easier for companies to analyze, evaluate, and use a wide variety of data and supports them in entering the age of Industry 4.0 by providing smart data.
At the same time, the Munich-based startup is opening its platform as an incubator for innovative founders and receiving shares in return. This has enabled Juconn to expand its network within a very short time, providing it with extensive expertise and a diverse range of customers from a wide variety of industries, such as energy, logistics, and agriculture.
