Clockin GmbH has raised €10 million in Series A funding to enhance its AI-driven software solutions for mobile teams in European SMBs, aiming to revolutionize their operational efficiency.

Information on the Target

Clockin GmbH, founded in 2018 and headquartered in Münster, Germany, has successfully raised €10 million in a Series A funding round to support its mission of digitizing the workflows of mobile teams across Europe’s small and medium-sized businesses (SMBs). The investment round was led by Newion and NRW.Venture, with participation from existing investors Scalehouse Capital and D11Z Ventures. The company has developed a user-friendly software solution that enhances operational efficiency by automating HR processes, such as time tracking and absence management, enabling seamless project and order management.

Clockin's innovative platform is designed specifically to benefit mobile teams in various sectors, including skilled trades, healthcare, and industry. Since its inception, the company has amassed a significant user base of over 6,000 customers, highlighting its effectiveness in reducing tedious manual processes and adopting AI technology to streamline daily operations.

Industry Overview in the Target's Specific Country

The SMB sector in Germany is characterized by its significant contribution to the national economy, employing around 60% of the workforce. Despite its importance, many SMBs continue to rely heavily on manual proces