Celus announced a €25 million series A round led by Earlybird Capital.

Austria Germany United Kingdom Netherlands United States 01 July 2022
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Celus, a Munich, Germany-based startup operating an engineering platform used to automate the development of electronics, announced completing a €25 million ($25.4 million) series A round.

The money was raised from multiple investors led by Earlybird Capital, joined by DI Capital, Speedinvest and Plug and Play, as well as by angel investors Sir John Rose (former CEO of Rolls Royce); Sir Peter Bonfield (Chairman of TSMC and NXP); Carl-Peter Forster (CEO of Opel, GM Europe, and Tata Motors); Paul Gojenola (Electronic Engineering Lead at Google); Martina Koederitz (former CEO of IBM Germany and Global Industry Business); and Koenraad Crooijmans (former Investment Banker at Morgan Stanley).

Proceeds will be used to further scale this rapid growth, with a strong focus on the US market. It’ll also go towards strengthening the commercial team and enlarging the tech leadership.

Celus, founded in 2018 by Alexander Pohl, Andre Alcalde and CEO Tobias Pohl, developed a cloud-based engineering platform that supports electronics engineers with rich component data from electronic manufacturers and adds automation to accelerate the design process. It’s reported that this leads to a design-time reduction of up to 90% - the company also says its platform has onboarded around 1,800 engineers.

Total investments received (USD): 27.57M

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