EQT Ventures leads $10m round for Service Partner One

Target Global, Vito Ventures, Rheingau Founders, Ringier Digital Ventures and Earlybird also participated in the round.

With the fresh capital, the startup aims to continue its expansion into Europe. After launching in Berlin, Hamburg, Munich, Frankfurt am Main and Cologne, the business recently opened in London.

EQT Ventures closed its maiden fund on €566m in May 2016. Service Partner One is the VC's fourth investment and its second in Germany. Its first portfolio company, Holidu, a search engine for holiday rentals, is also based in Berlin.

Previous funding
In November 2015, Service Partner One raised €1.2m from Rheingau, 500 Startups and other investors. Rheingau managing partner Kai Hansen also provided Service Partner One with seed financing earlier that year.

Company
Established in 2015 in Berlin, Service Partner One is a digital office management company. It offers customer care, hospitality, e-commerce support and facility services, including coffee machine leasing and refreshments.

Service Partner One's 70 employees manage 500 offices in six European cities.

People
EQT Ventures – Lars Jörnow (founding partner).
Service Partner One – Sven Hock (CEO).

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• Topics
• Expansion
• DACH
• Support services
• Germany
• Venture
• EQT Ventures
• Earlybird