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Today in Germany: Smartfrog, Contorion Written by Felicitas Hackmann on 19. October 2016

Smartfrog raises €20 million

The Berlin- and Dublin-based iOT startup Smartfrog raised a €20 million (21.9 million USD) round from existing investors e.Ventures and Target Global. A number of unnamed family offices participated in the round and Jean-Pierre Wyss, co-founder of industrial IoT chipmaker u-blox, joined as strategic investor. The smart home startup, which launched about a year ago, managed to raise a total of €28 million.

Contorion raises Series B round

Contorion, a startup launched by Project A Ventures in 2014, offers an online shop for tools and industrial products. In addition to the Dutch growth capital firm Endeit, Kärcher, a German family-owned company, which sells high-pressure cleaners, floor care equipment and industrial products, also invested in Contortion. Existing investors Project A and Bauer Ventures also participated.
[Gründerszene] (German)

Image: Smartfrog