Contorion
Online marketplace for maintenance, repair and operations (MRO) products.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | €100m Valuation: €100m 2.2x EV/Revenue | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 171 % | 111 % | 75 % | 52 % | 62 % | 24 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (89 %) | (43 %) | - | - | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Contorion was founded by Frederick Roehder, Richard Schwenke, and Tobias Tschötsch as an innovative online marketplace for maintenance, repair, and operations (MRO) products. The company aimed to simplify the procurement process for businesses by providing a comprehensive digital platform that offered a wide range of industrial tools and supplies.
In its early years, Contorion attracted significant attention from investors, securing funding from notable venture capital firms such as Endeit Capital and Bauer Venture Partners. This financial backing enabled the company to expand its operations and enhance its platform, making it a key player in the MRO sector.
A pivotal moment in Contorion's journey came on June 26, 2017, when it was acquired by Hoffmann Qualitätswerkzeuge, a leading hardware tool and machinery firm, for approximately €120 million. This acquisition was a strategic move by Hoffmann to strengthen its digital capabilities and expand its reach in the online marketplace.
Contorion's story is a testament to the power of digital innovation in traditional industries. By leveraging technology to streamline procurement processes, the company not only carved out a niche for itself but also attracted the attention of major industry players. Today, Contorion continues to operate under the Hoffmann umbrella, contributing to the digital transformation of the industrial tools sector.