The company faced insolvency in 2025 due to inability to fulfill larger quantity orders stemming from logistics, spare part, and global service commitments. No continuation of the company's operations is planned.
About Kraken Innovations GmbH
A Graz-based startup specializing in the development of gearless coaxial transmissions featuring integrated sensor technology to enable high power density. It was a spin-off from the TU Graz.
Graz, Austria
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Source: https://brutkasten.com/artikel/kraken-innovations-grazer-getriebe-startup-muss-konkurs-anmelden
Frequently Asked Questions
What type of funding round did Kraken Innovations GmbH raise?
Kraken Innovations GmbH raised a unspecified round.
How much did Kraken Innovations GmbH raise in its unspecified?
Kraken Innovations GmbH raised $400,000 EUR in its unspecified.
What was Kraken Innovations GmbH's valuation after the unspecified?
Kraken Innovations GmbH was valued at $0 EUR after the unspecified.
Who invested in Kraken Innovations GmbH's unspecified?
The investors in Kraken Innovations GmbH's unspecified are: Nanotec Electronic GmbH and Co KG, Steirische Wirtschaftsförderung (SFG).
What type of investment was Kraken Innovations GmbH's unspecified?
Kraken Innovations GmbH's unspecified was a equity investment.
How will Kraken Innovations GmbH use the funds from its unspecified?
Kraken Innovations GmbH plans to use the funds for: equity investment.