German company Twentyfour, which develops, integrates, and maintains complex websites and digital systems for businesses and institutions, has emerged from stealth after raising $11.8 million in funding from Lakestar, OTB Ventures, and 468 Capital.
- Founded in 2010, by Clemens Kürten, Erik Linden, Martin Eichenhofer, and Constantin Jung, Twentyfour is a digital agency that develops, integrates, and maintains complex websites and digital systems for businesses and institutions.
- The company builds custom software solutions, connects them with clients’ existing systems, and provides ongoing technical maintenance to ensure stable operation.
- Its work spans web platforms, mobile applications, and enterprise systems, serving a mix of public institutions, large companies, and private organizations.
“All founders are deeply committed to European sovereignty and technological resilience and bring decades of combined industry experience. We were convinced that Europe needs companies that combine technology, operations, and commercial execution from day one, and we founded this company to build exactly that capability and strengthen European drone sovereignty," explains Clemens Kürten, co-founder of Twentyfour.
Details of the deal
- Twentyfour Industries plans to use the fresh capital to scale production of its Q-X drones, expand manufacturing capacity in Europe, and strengthen its operational and commercial capabilities to serve military and civilian customers more efficiently. The funding will also support ongoing product development and real-world testing to ensure the drones meet field requirements.
