Kendaxa raised a growth funding round from the German venture capital firm eCAPITAL

Kendaxa, a Leipzig, Germany-based software company, announced that it completed a growth funding round.

The financial details were not disclosed. The money was raised from investors led by German venture capital firm eCAPITAL with contributions from family offices and private investors whose name was also not disclosed.

The funds will be used to further extend the group’s activities in the manufacturing industry and financial services market segments.

The company has also strengthened its as it appointed Roland Hölscher as a further managing director.

Kendaxa, founded in 2015 by Christopher Blaschke, who is also a co-CEO with Thomas Klüss, is specializing in developing B2B IT solutions, providing software solutions for customers in the manufacturing, financial services, trade and retail industries. Its focus is on the intelligent automation of industrial engineering and production processes in conjunction with Product Lifecycle Management systems (PLM) as well as on intelligent data stream and document processing including image and video footage for the automation of decisions and workflows.