Tech Company Financing Transactions
Xavveo Funding Round
Xavveo, based in Berlin, secured $8.6 million from imec.xpand, Vsquared Ventures and private investors.
Transaction Overview
Company Name
Announced On
11/5/2024
Transaction Type
Venture Equity
Amount
$8,600,000
Round
Seed
Investors
imec.xpand (Lead Investor)
Vsquared Ventures (Lead Investor) (Michael Jobst)
Proceeds Purpose
The seed round funding will be used to further develop Xavveo's distributed Photonic Radar system, expand the engineering team, and support key partnerships with automakers and technology integrators.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Pfarrer Goosmann Straße 11
Berlin, 12489
Germany
Berlin, 12489
Germany
Phone
Website
Email Address
Overview
At Xavveo, we are committed to revolutionizing the way we live and work. We are a technology company that specializes in building a network of radar sensors which enables cars and trucks to drive autonomously or which helps factory automation or which helps to improve patient monitoring in healthcare. Our mission is to provide cutting-edge technology solutions that enhance our quality of life and make the world a better place.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sven Otte
Chief Technical Officer
Stefan Meister
VP - Engineering
Ulrich Keil
Browse more venture capital transactions:
Prev: 11/5/2024: Ampd Energy venture capital transaction
Next: 11/6/2024: MoradaUno venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs