Vintage Investment Partners leads €27m Zeitgold series-B

Also participating in the round were previous investors Battery Ventures, Saban Ventures, BtoV Partners, Axa Group, Deutsche Bank and HV Holtzbrinck Ventures.

Zeitgold plans to use the fresh capital to further develop its software platform.

Previous funding
In February 2017, HV and Battery Ventures backed a $4.2m funding round for Zeitgold. The same investors also led a €10m funding round for the business in September 2017.

Zeitgold's €10m series-A round took place in January 2019 and saw participation from existing backers, as well as new investors Saban, Deutsche Bank, BtoV and Axa.

Company
Zeitgold provides automated bookkeeping software that allows businesses to work with tax advisers. Businesses are able to scan their receipts, which are matched with bank statements and sent to their tax adviser via the AI-based software platform. Founded in 2015, the company is based in Berlin and also has an office in Tel Aviv. It has 125 employees, according to LinkedIn.

People
Zeitgold – Stefan Jeschonnek (CEO).
Vintage Investment Partners – Asaf Horesh (partner).

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