Lakestar in €16m series-A for Nebenan.de

The round was led by Burda Principal Investments, the investment arm of Hubert Burda Media. Deutsche Tele Medien, NWZ Digital and PD Ventures also took part.

Lakestar invested from its €350m VC fund, Lakestar II, which held a final close on €350m in August 2015. The firm is expected to launch its third fund in 2018, Unquote understands.

Nebenan has pledged not to develop algorithms to precisely target advertisements at its users. However, it does plan to use the location of the user's chosen neighbourhood to display advertisements from local businesses.

Previous funding
Lakestar and Burda took part in a €5.5m early-stage funding round for Nebenan in July 2016.

Company
Nebenan was founded by Christian Vollmann in 2013. The company aims to build relationships between people who live in close proximity to each other. The social media platform has 800,000 registered users in 6,000 neighbourhoods. Nebenan also operates the French neighbourhood network mesvoisins.fr, which launched six months ago.

People
Nebenan.de – Christian Vollmann, Til Behnke, Matthes Scheinhardt, Ina Brunk, Michael Vollmann, Sven Tantau (co-founders).

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