HTGF et al. reinvest in Altruja

HTGF, Bayern Kapital and Extorel's new funding for Altruja comes three years after the company's inception and follows an early-stage round in October 2010.

The business will use the funding to expand into the wider European social fundraising markets. It will also look to branch out into new market segments such as political parties, sports clubs and universities.

Company
Altruja is the Munich-based developer of an online social fundraising software. The company's product is currently being used by more than 300 customers in Germany, Austria, Switzerland, Italy, the UK and Sweden – these include aid organisations, associations and schools.

Founded in 2010, Altruja now operates with a team of 10 people. 

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• Topics
• Expansion
• DACH
• Technology
• High-Tech Gründerfonds
• Germany