Insurance app raises about €14 million Series B round
Not Germany but Switzerland-based insurance Knip announces an almost €14 million round, led by Route 66 Ventures. Existing investors joined the round. The app lets user have an overview about ongoing insurances in its mobile app. The investment will be used for further product development, but also for TV spots which will be shown in Germany and Switzerland.
Acton Capital Partners closes second growth fund
Munich-based Acton Capital Partners has closed a second funding round worth €170 million for it’s Heureka II Growth Fund. Part of it came from the European Investment Fund, the European commission, Hubert Burda Media, KfW bank group, the UniCredit Bank and several family offices. Heureka II’s portfolio already includes vacation home search engine HometoGo and the mobile commerce platform Tictail.
Exit in Cologne: ParStream gets acquired by Cisco
Cologne-based ParStream was acquired for an undisclosed price by Cisco System Inc. ParStream is a Big Data analytics that operates in Cupertino, California, and Germany, and has previously raised $14 million in venture funding from Khosla Ventures and other investors since it launched in 2011.