Nestpick extends series-A to $13m

The company will use the fresh capital to expand its customer service by improving its insurance policies and introducing reviews.

Target Global has $300m in assets under management. The VC supports series-B and later stages with $5-30m per deal and earlier funding rounds with $200,000-500,000. It focuses on startups in the areas of e-commerce, fintech, travel, software and mobile.

b-to-v's initial capital injection usually amounts to between €50,000-2m.

Previous funding
In November 2015, Nestpick held the first close for its series-A, raising $11m from Rocket Internet, Mangrove Capital Partners and Prague-based family investment vehicle Enern.

In December 2014, Rocket Internet acquired a majority stake in the business.

Company
Founded in 2014 and based in Berlin, Nestpick is an online platform on which customers can rent a room online without paying a visit to the flat. The company stated it has expanded to 35 cities across eight European countries and Australia this year.

People
Fabian Dudek is the founder and CEO of Nestpick. Jochen Gutbrod is general partner and executive chairman of b-to-v. Eugene Levin is a partner at Target Global.

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture