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Venture Capital
bitstonecapital.com

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Investments

20

Portfolio Exits

1

Funds

1

About BitStone Capital

BitStone Capital is an internationally operating company builder and investor that selectively invests in innovative digital real-asset business models, and also accelerates their growth. BitStone supports young companies with its outstanding network, excellent industry know-how and broad expertise in new technologies - from product development through market entry to successful rollout.

BitStone Capital Headquarter Location

Tunisstrasse 29

Cologne, 50667,

Germany

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Latest BitStone Capital News

Hamburg-based Aeditive receives €6 million seed capital to digitalize construction

Jun 8, 2021

By Hamburg-based startup Aeditive today announced the closing of a €6 million seed funding round with lead investor BitStone Capital. Berlin-based VC Atlantic Labs, which already invested in the pre-seed phase, is also participating in the round. Other investors include renowned business angels, including Young Sohn (ex-Samsung), Sebastian Pollok (ex-Amorelie), and Marc Stilke (ex-Immobilienscout24), and as a strategic investor Glatthaar Holding from the Black Forest, Europe’s largest manufacturer of floor slabs and prefabricated basements and one of the most innovative companies in the industry. With its robotic manufacturing systems and cloud-based planning software, Aeditive (founded in 2019) provides the industry with the central building block for a digital value chain. As a result, construction companies can better manage key challenges such as shortage of skilled labor, delayed infrastructure projects, and massive CO2 emissions. “We will use the fresh capital to bring our technology to market. Already today, demand surpasses what we can deliver with our current team. Recruiting will be a core task for us,” said Alexander Tuerk, CEO & co-founder of Aeditive. “We will greatly expand our team of experts to further develop our multi-layer product with its software, hardware, and material components.” Aeditive’s product, the manufacturing system called Concrete Aeditor, consists of two industrial robots that fully automate the precast concrete manufacturing process – from concrete mixing to finishing. The components are planned in Aeditive’s proprietary software in the cloud. The high level of automation offers a response to the industry’s increasing shortage of skilled labor. Optimizations of elements are expected to save concrete and the associated CO2 emissions. “The structure of the financing round in its mix of accomplished venture capital funds and strategic partners is ideal for Aeditive at this stage. The industrialization of the construction industry has enormous potential and we are excited to be on board and bring our extensive network to the table,” said Kai Panitzki, Managing Partner at BitStone Capital. Aeditive’s business model and revenues are service-based and include the provision of hardware as well as cloud-based software and essential material components. For market entry, the startup is focusing on the €6 billion precast concrete market in Germany. “We have been working with the Aeditive team since 2019 and are excited by the combination of unique technology and entrepreneurial drive to help an entire industry leapfrog technology with it,” said Lukas Erbguth, Principal at Atlantic Labs. TAGS

BitStone Capital Investments

20 Investments

BitStone Capital has made 20 investments. Their latest investment was in smino as part of their Series A on September 9, 2021.

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BitStone Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/30/2021

Series A

smino

$3.34M

Yes

2

6/8/2021

Seed VC

Aeditive

$7.34M

Yes

3

12/16/2020

Seed VC - II

Doozer

Yes

1

8/10/2020

Series B

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$99M

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10

6/10/2020

Unattributed VC

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$99M

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10

Date

9/30/2021

6/8/2021

12/16/2020

8/10/2020

6/10/2020

Round

Series A

Seed VC

Seed VC - II

Series B

Unattributed VC

Company

smino

Aeditive

Doozer

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Amount

$3.34M

$7.34M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

3

1

10

10

BitStone Capital Portfolio Exits

1 Portfolio Exit

BitStone Capital has 1 portfolio exit. Their latest portfolio exit was Vermietet on May 11, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/11/2021

Corporate Majority

4

Date

5/11/2021

Exit

Corporate Majority

Companies

Valuation

Acquirer

Sources

4

BitStone Capital Fund History

1 Fund History

BitStone Capital has 1 fund, including BitStone Real Estate & Construction (RECO) Tech Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/3/2020

BitStone Real Estate & Construction (RECO) Tech Fund

1

Closing Date

3/3/2020

Fund

BitStone Real Estate & Construction (RECO) Tech Fund

Fund Type

Status

Amount

Sources

1

BitStone Capital Team

1 Team Member

BitStone Capital has 1 team member, including current Managing Partner, Kai Panitzki.

Name

Work History

Title

Status

Kai Panitzki

Managing Partner

Current

Name

Kai Panitzki

Work History

Title

Managing Partner

Status

Current

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