![]() The cash will be used to build a second factory – Skeleton already has one in Germany – which will be up and running by the end of 2024. With this funding environment, tangible proof of market traction matters, but are the products out and are they out to customers globally?" ![]() This was also a key differentiator in the funding round. "When you look at many European companies, they are just starting up and not yet in the market. It is not the next big thing – we are already here," he told Insider. "What is important about Skeleton is our products are in the field. The company said the majority was equity, which would form its Series E round, but declined to comment further.ĭespite a wider tech slump that has been even more pronounced at the later stage, investor appetite for the funding round was strong, according to Skeleton CEO Taavi Madiberk. The fresh funds, which bring Skeleton's total raised to over 300 million euros (around $316 million), is a mixture of equity and debt. This story is available exclusively to InsiderĪnd start reading now. Account icon An icon in the shape of a person's head and shoulders.
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