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.
Makerist raises €5 million
Berlin-based DYI startup Makerist received a €5 million investment from two media houses: G+J Digital Ventures and Ringier Digital Ventures. Existing investors HTGF and the OZ media house also participated in this round. The three-year-old startup produces DIY videos with a focus on knitting, sewing and cake decorating, among other things. Makerist also supplies the products needed for the how-to videos through their online shop; customers can order as needed. The media houses’ support for Makerist is due in part to the very high potential in paid-content business models related to DIY ventures, said Beate Koch, managing director at G+D Digital Ventures.
Rumor of the week: Trivago to file for IPO
Dusseldorf-based Trivago is an online hotel reservation company, known for being backed by the well-known travel website Expedia. Rumor has it that the company will file for an IPO at the New York stock market by the end of November. The company started in 2005 and reached an estimated valuation of approx. $5 billion.