Bayern Kapital, HTGF and BayBG back commercetools

Private investors also participated in the round. The capital will be used to further develop the company and market the cloud-based software for the eCommerce product.

The investors were convinced by the development of commercetools over the last year and believe that there is great demand for the product in the market.

Company
Munich-based Commercetools was founded in 2006 and provides software-as-a-service solutions for small and mid-range enterprises. Currently commercetools employs 40 members of staff and recently opened a new office in Berlin.

People
Alexander Ullmann represented BayBG and Clemens von Bergmann is senior investment manager at High-Tech-Gründerfonds. Thomas Manitta worked on the investment for Bayern Kapital.

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• Topics
• DACH
• Early-stage
• Technology
• Now researching
• Germany
• Bayerische Beteiligungsgesellschaft mbH (BayBG)
• High-Tech Gründerfonds