
HTGF sells Veodin to VC-backed Templafy
German early-stage investor High-Tech Gründerfonds has sold its stake in enterprise software developer Veodin to VC-backed peer Templafy.
Templafy is backed by VC firms including Insight Venture Partners and Dawn Capital, which led a $17.2m series-A round for the business in February this year.
It is acquiring Veodin for its SlideProof application, an add-in to PowerPoint designed for management consultants to streamline presentation creation.
Templafy has quadrupled new revenue and doubled its headcount in the past year, including bolting on Veodin, according to a statement.
Veodin founder Jan Mechtel will continue as managing director of Templafy's newly founded German division.
Previous funding
HTGF led a seed round for Veodin in June 2012. At the time the firm's main software product was KeyRocket, a keyboard shortcut trainer.
Company
Veodin was founded by two German software developers, Matthias Mayrock and Jan Mechtel, in 2011. Accounting firms and consultants including EY, Deloitte and KPMG use its SlideProof application.
People
High-Tech Gründerfonds – Tanja Emmerling (principal).
Templafy – Jesper Theill Eriksen (CEO).
Veodin – Jan Mechtel (founder).
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