Paua Ventures et al. invest in Termine24

The backers, together with several business angels, invested in the region of €1-5m in the cloud-based communications platform for local businesses in the service sector.

Paua Ventures stated that Termine24's professional offering and the team's strength had convinced it to invest.

Company
Founded in 2012 in Munich, Termine24 offers a web-based communications and productivity software for local small service providers, such as car mechanics and dentists.

Termine24 aims to optimise the business processes of doctors' surgeries, hair salons and fitness studios, among others, by providing easy access to digital customer care, including online appointment management and online marketing tools.

The company has 60 employees and is active in Austria and Switzerland. More than 7,200 small businesses in 129 towns in the German-speaking region manage their businesses via Termine24. The cloud-based service is available via both a website and an app for mobiles and tablets.

People
Alexander Henn is founder and CEO of Termine24. Christian Buchenau is CEO of Paua and led the Termine24 deal.

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• Topics
• DACH
• Expansion
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• Germany