Spanflug Technologies
An online manufacturer of CNC turning and milling parts that offers its customers a fully automated procurement process.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Early VC | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Spanflug Technologies GmbH is a German technology company based in Munich that operates a manufacturing platform for turned and milled parts. The company was founded as a spin-off from the Institute for Machine Tools and Industrial Management (iwb) of the Technical University of Munich (TUM).
The company's core business is an online platform for the procurement of custom CNC machined parts. This platform automates the entire procurement process, from instant price calculation to ordering, for both prototypes and series production. The business model is based on providing a streamlined and efficient procurement solution for companies in need of CNC parts, connecting them with a network of suppliers.
The platform is designed to make the procurement of CNC parts faster and easier for its clients, which are typically other businesses in the manufacturing and engineering sectors. By uploading a CAD file, customers can receive an instant quote and place an order directly through the platform. This addresses the often time-consuming and complex process of sourcing custom-manufactured components.
In November 2024, the CERATIZIT Group, a major player in the hard material solutions industry, acquired a minority stake in Spanflug Technologies. This strategic investment highlights the company's position in the market and its potential for future growth.
Keywords: manufacturing platform, CNC machining, procurement automation, turned parts, milled parts, instant pricing, series production, prototyping, B2B, supply chain