Blumberg et al. in $60m series-B for Wunder Mobility

US-based Blumberg writes typical initial equity cheques of $500,000-5m, with additional amounts reserved for follow-on funding. KCK is a New York-based family office.

The fresh capital will go towards the company's expansion in the US. Wunder has also announced Los Angeles as its US headquarters.

Previous funding
A consortium of investors including VC firms Partech Ventures and Piton Capital backed a seed round for Wunder (then WunderCar) in December 2013.

TA Ventures joined the consortium in 2014, alongside unnamed business angels, before Blumberg led a further financing round in 2015.

Cherry Ventures and Sixt Ventures (the corporate venturing arm of the car hire firm) participated in another funding round in August 2017.

KCK led a $30m series-B for the company in 2018, with participation from Blumberg.

Company
Founded in 2013, Wunder provides any company, including original equipment manufacturers, fleet operators and transport startups, with white label software. The software adresses carpooling, fleet management, and car rentals. Headquartered in Hamburg, the company now employs 150 people.

People
Blumberg Capital – David Blumberg (founder, managing partner).
Wunder Mobility – Sam Baker (chief operating officer).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture