Speedinvest leads €8m round for Schüttflix

The company plans to use the fresh capital to support its growth and consolidation in Germany in order to deliver on a country-wide basis by the end of 2020, as well as for its international expansion plans in 2021.

Speedinvest held a final close for its latest vehicle in February 2020 on its hard-cap of €190m, as reported by Unquote. The fund writes equity cheques of €50,000-200,000 for pre-seed rounds and will generally deploy €500,000-1m for seed rounds. The vehicle can write tickets of up to €1.5m.

Company
Schüttflix is a B2B software platform that facilitates the ordering and delivery of construction materials to building, civil engineering, gardening and landscaping businesses. Its client base currently focuses on Germany.

Founded in 2018, Schüttflix launched its platform in 2019. It currently generates revenues of €500,000 per month. The company is based in Gütersloh and has 17 employees, according to LinkedIn.

People
Schüttflix – Christian Hülsewig, Thomas Hagedorn (­co-founders).
Speedinvest – Mathias Ockenfels, Andreas Schwarzenbrunner (investment managers).

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