Coapp starts the new year with a financing round
The community platform reports new investors, new customers and over €1 million in platform revenue
The coapp founders (from left) Jonas Lindemann (CEO), Hardy Seiler (CXO), Magomed Arsaev (CTO) in January 2024 - © coapp GmbH, photographer: Jelwa Zahir
The software startup Coapp has completed another significant capital increase. In addition to the existing investors Hafven, Plimo Ventures and Hannover Beteiligungsfonds, two new investors, the business angels Michael Frankenberg and Arthur Böttcher, are also part of this financing round.
"In our current development phase, it is particularly important to us that we expand the investor board with further entrepreneurial experience and additional networkers. With Michael and Arthur, we have two additional partners on board who will support us with their experience and relationships beyond the financing," says Coapp CEO Jonas Lindemann.
The Coapp community platform enables companies to operate social customer networks under their own brand and thus build peer networks, maintain long-term customer relationships and generate ongoing revenue through subscriptions and bookings. Its more than 50 customers include organizations such as the TAZ Genossenschaft and the European University Viadrina.
The new financing round comes at a time of important development for Coapp:
"Our central assumption has always been that communities are valuable for everyone involved. The fact that we have already realized a total of over €1 million in revenue for our communities after just a few months proves that we are on the right track," continues Coapp CEO Jonas Lindemann.
With the new funding, Coapp will continue its growth and focus on new customers in Europe and the USA. In addition, more matching and monetization functions will make the community platform even more valuable for users and operators.
What the investors say
Michael Frankenberg, Ex-Siemens Executive and Coapp Angel Investor:
"Trends such as working from home, new work or coworking require increased communication. 'Working together' opens up new potential and strengthens innovation. Coapp enables digital networking and new business models."
Arthur Böttcher, Management Consultant and Coapp Angel Investor:
"The most powerful ideas and successes come from working together. Especially in challenging times, it is crucial to unite people and create solutions together. Coapp offers a platform with great potential to enhance virtual and physical community experiences. Whether it's community-based business models, building expert networks or strengthening customer relationships - I am convinced that the Coapp team will enrich numerous communities with its solution. As a business angel, I am delighted to support the team on this journey with my expertise and commitment."
Reinhard Hinrichs, Managing Director of Hannover Beteiligungsfonds GmbH and Coapp Angel Investor:
"With the first seed financing, Coapp has established a good market fit that now needs to be scaled up. Innovation communities are the key to a successful economy."
