CNC24 is a technology company.
CNC24 has raised $8.0M across 1 funding round.
CNC24 has raised $8.0M in total across 1 funding round.
CNC24 is a Berlin-based technology company that operates a digital B2B procurement platform for precision manufacturing parts, including CNC milling, turning, and sheet metal production.[1][2][3] It serves industrial sectors like special machinery, plant engineering, IoT, medical devices, testing technology, and clients such as Siemens, Diehl Group, Qualcomm, Krones AG, Carl Zeiss, Vishay, BASF, CERN, FANUC, and Syntegon, solving supply chain inefficiencies through transparent, AI-driven sourcing from a global network of over 500 manufacturers.[1][2] The platform handles everything from prototypes to series production, offering one-stop coordination for manufacturing, finishing, assembly, and logistics, with full digital workflows for quoting, status tracking, and quality control via an in-house testing center; after three years, it has generated over €500 million in offer volume and processed 4,138 orders for 500K components.[1][2]
Founded in 2019 by Willi Ruopp and Marlon Gerat, who bring over 30 years of combined experience in precision component production, CNC24 emerged from a passion to digitize and revolutionize fragmented procurement processes in manufacturing.[2][3][4] The idea took shape to address inefficiencies in sourcing precision parts like plastics and metals, combining AI automation with expert consulting for a hybrid model targeting the €50+ billion European components market.[1] Early traction came quickly, with the platform securing major clients and scaling to 1,500+ customers across 21 countries; in 2022, it raised €8.25 million from investors including Redstone, EquityPitcher Ventures, Coparion VC, and Future Industry Ventures, plus business angels like wefox co-founders, fueling expansion.[1][3][4][6]
CNC24 rides the wave of Industry 4.0 digitization and supply chain resilience amid volatile markets, post-pandemic disruptions, and geopolitical risks, timing perfectly with manufacturers' shift to transparent, on-demand sourcing over traditional fragmented networks.[1][3] Favorable forces include rising demand for precision components in high-growth sectors like IoT, medical tech, and automation, plus AI advancements enabling real-time matching in a €50B+ market.[1][2] By connecting buyers directly to excess capacities, it reduces costs, waste, and delays, influencing the ecosystem through data insights that optimize global manufacturing and support industrial startups scaling production.[1][3]
CNC24 is positioned to dominate European precision parts procurement as the "undisputed No. 1," leveraging its funding and traction for pan-European expansion and deeper AI integration.[1] Trends like AI-optimized supply chains, sustainable manufacturing, and nearshoring will accelerate growth, potentially pushing toward unicorn status amid industrial digital transformation. Its influence could evolve by setting standards for B2B marketplaces, empowering more startups to prototype and scale without procurement bottlenecks—building on its mission to digitize the value chain from day one.[1][2]
CNC24 has raised $8.0M in total across 1 funding round.
CNC24's investors include Asymmetric Capital Partners, Craft Ventures, foobar.vc, Seedcamp, Terra Venture Partners, Village Global, wefox, Chris Murphy, Peter Kazanjy.
CNC24 has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Series A in August 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2022 | $8.0M Series A | Asymmetric Capital Partners, Craft Ventures, foobar.vc, Seedcamp, Terra Venture Partners, Village Global, wefox, Chris Murphy, Peter Kazanjy |