Earlybird and Target Partners fund Crowdpark

This brings the total amount of funding for the series-B round up to $8m.

The investment will accelerate the company's growth by expanding the team and funding product development for its cross-platform social games.

Previously Earlybird provided funding of €5m in a series-A round for Crowdpark in June 2010.

Company
CrowdPark is a portal for social forecasting and social betting activities. Its game uses prediction markets technology to allow users to bet on real-time events. It also offers editorial content, user-generated discussion topics and sharing tools. Berlin-based CrowdPark is operated by start-up company ParkLabs, which was founded in 2009 and employs 20 staff.

People
Waldemar Jantz represents Target Partners and will join the board of Crowdpark. Christian Nagel is co-founder and managing partner at Earlybird.

Advisers
Company - Osborne Clarke, Carsten Schneider (Legal)
Equity - Hogan Lovells, Nikolas Zirngibl (Legal); SJ Berwin, Frank Vogel (Legal)

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• Topics
• DACH
• Early-stage
• Technology
• Germany