Bayern Kapital, the venture capital arm of the German federal state of Bavaria, has backed a seed round for marketing software company Scompler, along with Main Incubator, the venture capital investment arm of Commerzbank.
GP takes a minority stake in the IT service, while the management team remain on board
Existing investors E.Ventures and Heartcore also participate in the funding round
Transaction involves four remaining assets, including Genesys, eDreams and Asia Broadcast Satellite
Existing investors Velocity Capital, Industrifonden and Frumtak also participate