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.