Battery, Holtzbrinck back €10m series-A for Zeitgold

Both VC firms backed Zeitgold's €4.2m seed round in February and reinvested due to a technological breakthrough.

Some of the fresh capital has already been invested in a new R&D centre in Tel Aviv, where the new technology will be tested in the coming months.

Previous funding
In February 2017, Battery and Holtzbrinck invested €4.2m in Zeitgold's seed round to enable it to develop its AI technology.

Company
Founded in 2015, Zeitgold is a Berlin-based fintech company providing financial administration services for SMEs. Zeitgold's offering encompasses accounting, bookkeeping and reconciliation of invoices, through a combination of advisers and artificial intelligence.

People
Holtzbrinck Ventures – Jasper Masemann (principal).
Battery Ventures – Itzik Parnafes (general partner).
Zeitgold – Stefan Jeschonnek (co-founder).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Holtzbrinck Ventures
• Battery Ventures
• Venture