HTGF et al in series-B for Customer Alliance

The funding round followed a €500,000 seed investment from HTGF with additional investment from Mountain Super Angel in 2011. HTGF typically invests €1.5m in follow-up investments. The company plans to expand in Europe.

Company
Customer Alliance is an online survey service for hotel guests. It was founded by Moritz Klussmann, Torsten Sabel and Chanyu Xu in Berlin in 2010. The business is currently used by around 1,000 hotels in Germany and broke even this year. Investors expect the company's turnover to quadruple in 2012.

People
Investment manager Christine Schmidl worked on the deal for HTGF alongside Ingo Drexler of Mountain Super Angel, Philipp von dem Knesebeck of K5 Ventures and business angel Tobias Kollmann, who is director of netSTART Venture.

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• Topics
• DACH
• Support services
• Expansion
• Germany
• High-Tech Gründerfonds