About smark
smark is a company based in Stuttgart (Germany) founded in 2016 by Maximilian Ittermann and Philipp Hoening.. smark has raised $3.48 million across 1 funding round from investors including Mutschler Ventures. The company has 26 employees as of December 31, 2021. smark operates in a competitive market with competitors including ITAB, Autonomo, Nomitri, KOALA and rapitag, among others.
- Headquarter Stuttgart, Germany
- Employees 26 as on 31 Dec, 2021
- Founders Maximilian Ittermann, Philipp Hoening
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Smark Robotics Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.48 M (USD)
in 1 rounds
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Latest Funding Round
$3.48 M (USD), Series A
Jun 23, 2020
- Investors
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Employee Count
26
as on Dec 31, 2021
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $3.5M
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First Round
First Round
(23 Jun 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series A - smark | Valuation | Mutschler Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in smark
smark has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Mutschler Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech startups are funded by Mutschler Ventures venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by smark
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - smark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smark Comparisons
Competitors of smark
smark operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ITAB, Autonomo, Nomitri, KOALA and rapitag, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Self-checkout solutions are provided for retail businesses worldwide.
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| domain | founded_year | HQ Location |
Autonomous store solutions for retail are enabled by computer vision.
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| domain | founded_year | HQ Location |
Platform offering visual intelligence for retail industries
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| domain | founded_year | HQ Location |
App-based self-checkout solutions for offline retail counters are offered.
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| domain | founded_year | HQ Location |
IoT-based self-checkout solutions are offered for retail via security tags.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about smark
When was smark founded?
smark was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is smark located?
smark is headquartered in Stuttgart, Germany. It is registered at Stuttgart, Baden-wurttemberg, Germany.
Who is the current CEO of smark?
Philipp Hoening is the current CEO of smark. They have also founded this company.
Is smark a funded 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 23, 2020.
How many employees does smark have?
As of Dec 31, 2021, the latest employee count at smark is 26.
What does smark do?
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.
Who are smark's investors?
smark has 1 investor. Key investors include Mutschler Ventures.
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