HTGF injects €500,000 into Lockbox

HTGF invests €500,000 at the seed stage and can invest a further €1.5m in subsequent funding rounds. The venture capital backer is currently investing its €304m HTGF II vehicle.

Company
Founded in May 2013, Lockbox provides customers with a delivery system allowing packages to be securely deposited at a home address. The first phase of product development was completed in April this year and has now filed for a European patent. Lockbox is now delivering to customers in Berlin and is set to expand into more German cities in Q1 2015. Lockbox has five employees.

People
Thomas Kraker von Schwarzenfeld is founder and CEO of Lockbox. Tanja Emmerling is investment manager at HTGF.

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