About smark
smark is a Retail company based in Stuttgart (Germany) founded in 2016 by Maximilian Ittermann and Philipp Hoening. Automated shopping stations are provided for digital grocery retail. smark has raised $3.48 million across 1 funding round from investors including Mutschler Ventures. The company has 26 employees. Its chief executive, as recorded, is Philipp Hoening. Its focus areas include Autonomous Retail, Physical Stores, Fully Autonomous and Food and Agriculture Tech. Its legal entity is smark robotics GmbH. Its competitors include Autonomo, Nomitri and KOALA; 3 of its 3 listed competitors have raised funding.
Company details
Smark was founded in 2016 in Stuttgart, Germany, focusing on retail technology. Automated shopping stations are offered by the platform to enable digital grocery retail. Orders for items are placed by users via a smartphone app or on-site touchscreen interfaces. Operations center on streamlining unmanned shopping experiences in the grocery sector across Europe.
- Total Equity Funding$3.48M (USD)
in 1 rounds
- Latest Funding Round$3.48M (USD), Series A
Jun 2020
- Investors
- Employee Count26
Funding Insights of smark
smark has successfully raised a total of $3.48M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.48 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.48M
- Total Rounds 1
- Last Round Series A — $3.48M
- First Round $3.48M
(Jun 2020)
- Investors Count 1
All 1 funding rounds of smark with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $3.48M | Series A | – | Mutschler Ventures | – |
1 investors in total: 1 institutional.
Investors in smark
smark has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Mutschler Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech startups are funded by Mutschler Ventures venture capital firm. | mutschler-ventures.com | Baar, Switzerland |
Investor details for smark
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of smark
3 people are tracked at smark (2 in leadership, 1 in team); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
Maximilian Ittermann | Co-Founder | Leadership |
Philipp Hoening | Co-Founder & CEO | Leadership |
Chery Wolfe | Publisher | Team |
Complete people profiles for smark
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of smark
2 dated milestones of smark across 4 years, from founding to its latest funding, stage changes and deals.
- Founded smark is founded.
- Funding First funding round of $3.5M.
Competitors of smark
smark has 3 listed competitors in our database, 3 of them funded. They include Autonomo, Nomitri and KOALA.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autonomo.tech | 2021 | Hamburg, Germany | $2.56M | Autonomous store solutions for retail are enabled by computer vision. | ||
| nomitri.com | 2019 | Berlin, Germany | $2.82M | 15 | Platform offering visual intelligence for retail industries | |
| koalaapp.de | 2019 | Hamburg, Germany | $136,710 | App-based self-checkout solutions for offline retail counters are offered. |
Detailed competitors of smark
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Smark
Complete news archive for smark
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about smark
smark was founded in 2016 and raised its 1st funding round 4 years after it was founded.
smark is headquartered in Stuttgart, Germany. It is registered at Stuttgart, Baden-wurttemberg, Germany.
Philipp Hoening is the CEO of smark, as recorded in our data. They have also founded this company.
smark is a funded company, having raised a total of $3.48M across 1 funding round to date. The company's 1st funding round was a Series A of $3.48M, raised on Jun 2020.
smark has 26 employees.
Smark was founded in 2016 in Stuttgart, Germany, focusing on retail technology. Automated shopping stations are offered by the platform to enable digital grocery retail. Orders for items are placed by users via a smartphone app or on-site touchscreen interfaces. Operations center on streamlining unmanned shopping experiences in the grocery sector across Europe.
smark has 1 investor. Key investors include Mutschler Ventures.
smark operates through Smark Robotics Gmbh.