Munich-based 112M Partners ButcherTech
Munich-based 112M Partners ButcherTech startup, recently announced that it has closed its Series B funding round led by Munich-based investors, raising 112M in total. This funding round marks the company’s latest success story, after having already secured Series A funding from investors in 2018. This latest funding round will be used to further expand ButcherTech’s presence in Europe and to continue to develop its innovative product offerings.
Background on ButcherTech
ButcherTech was founded in Munich in 2016 by a team of experienced entrepreneurs and engineers. The company’s mission is to revolutionize the traditional meat-processing industry through the use of innovative technologies. ButcherTech has developed a range of proprietary hardware and software products that are designed to automate and optimize the meat-processing process, while also improving food safety and reducing waste.
Product Offerings
ButcherTech’s core product offerings include automated cutting machines, intelligent labeling systems, and cloud-based data management solutions. The company has also developed a range of mobile applications that enable customers to monitor and control their meat-processing operations in real-time.
Series B Funding Round
ButcherTech recently announced the closure of its Series B funding round, which was led by Munich-based investors and raised 112M in total. This funding round marks the latest success story for the company, which had already secured Series A funding in 2018.
Impact of Funding
The funding will be used to further expand ButcherTech’s presence in Europe and to continue to develop its innovative product offerings. The funds will also be used to grow the company’s team of engineers and strengthen its position in the market.
Expansion in Europe
Munich-based 112M Partners ButcherTech plans to use the funds raised in the Series B funding round to expand its presence in Europe. The company is currently in talks with various partners in the region and is looking to expand its operations to other countries in order to better serve customers across the continent.
Product Development
ButcherTech will also use the funds to further develop its product offerings. The company is looking to add new features and capabilities to its existing products, as well as develop new products to better serve its customers.
Conclusion
ButcherTech’s recent Series B funding round marks a major success for the Munich-based tech startup. The funds raised in this round will be used to further expand the company’s presence in Europe and to continue to develop its innovative product offerings. With the help of this funding, ButcherTech is well positioned to continue to revolutionize the traditional meat-processing industry.
