Vimcar closes €5 million seed round
The Berlin startup Vimcar announced raising 5 million euros in a successful seed round with the help of Venture Capital Partners, a VC based in Munich that previously invested in Flixbus. The startup plans to use the money to expand its product offerings, they shared.
Nestlé buys up Munich-based pet food startup
Nestlé bought up Terra Canis, a Munich startup that specializes in high-quality pet food. The startup, with 30 employees, generated 17 million euros in sales in 2016. Terra Canis’ sales revenue is expected to reach 20 million euros this year.
Logistics startup Fliit raises €1.5 million
The Berlin-based startup Fliit, who wants to help food suppliers deliver their products with their platform, raised 1.5 million euros. IBB Beteiligungsgesellschaft helped the 1-year-old startup in their seed round, as did PDV Inter-Media Venture, WestTech Ventures and b10. A number of unnamed business angels also participated in the round.
More money for FinTech startup Savedroid
Savedroid, a Frankfurt-based FinTech startup, announced raising money with the help of previous investors, but did not share how much. According to Savedroid’s press release, the startup is valued at 20 million euros. Business angels, including the founder of Traxpay, Debit Chaudhuri, and Investitions- und Strukturbank Rheinland-Pfalz, were among those who helped the young company.