Munich, Germany — Kinexon, provider of the world’s most advanced full-stack solution for real-time connectivity, intelligence and automation, has raised a USD 130 million Series A funding round. In addition to lead investor Thomas H. Lee Partners, L.P. (THL), BMW i Ventures, Inc. and the Telekom Innovation Pool (TIP), Deutsche Telekom AG’s strategic investment fund. Bird & Bird LLP advised Kinexon on its USD 130 million Series A.
The funding will enable Kinexon to accelerate international expansion and scale its operating system for networked and automated processes.
Kinexon is a pioneer in the core elements of IoT. Kinexon delivers cloud software for capturing, optimizing and automating processes in production, logistics and sports. Headquartered in Munich, the company now has more than 300 employees in Munich and Chicago. Kinexon launched the world’s most cost-effective UWB sensor, enabling a variety of profitable IoT applications. Kinexon makes connectivity and precise indoor localization of industrial assets ready for the mass market for the first time.
Advisor Kinexon: Bird & Bird Attorneys at Law
Lead Partner Stefan Münch, Counsel Michael Gassner, Counsel Andrea Schlote, Associate Daniel Gloor, all Corporate/M&A, Partner Dr. Henriette Picot, Commercial, all Munich, Partner Dr. Michael Jünemann, Financing and Financial Regulation, Frankfurt, Partner Dr. Stephan Waldheim, Associate Tietze Tamy, both EU & Antitrust, Düsseldorf.
Advisors to Thomas H. Lee Partners, L.P. (THL): Kirkland & Ellis, Munich
Attila Oldag, Dr. Sebastian Häfele (both lead, both M&A/Private Equity), Dr. Alexander M.H. Längsfeld (Debt Finance), Daniel Hiemer (Tax); Associates: Dr. Thomas Diekmann, Jan Mahlke (both M&A/Private Equity), Philipp Büchler (Debt Finance), Dr. Tobias Stuppi (Tax)
— Kirkland & Ellis, Chicago: Ted M. Frankel, P.C., Kyle P. McHugh (both M&A/Private Equity)
— Kirkland & Ellis, London: John Patten (Technology & IP Transactions)