XAnge leads series-B round for Studitemps

Xange invested via its Xpansion 2 vehicle, which held a €32m first close in February this year. It was joined by b-to-v Partners and Seventure Partners – both of which also invested in Studitemps' series-A funding – and new investor Car4You Holding.

HV Holtzbrinck Ventures Adviser led the series-A round in 2011, which included b-to-v, Seventure and Raffay & Cie.

According to CEO Eckard Köhn, the new capital will be used to invest in new technologies to improve the recruiting process of temporary employees and to foster national expansion.

Company
Studitemps is an online network that connects students with temporary employers. At the moment, more than 300,000 students are registered nationwide.

The platform offers short-term employment in the hospitality, science, technology, production, administration, customer service, logistics and retail sectors. Recent job offers include positions at Deutsche Bank and Volkswagen.

The company was founded in 2008 by Andreas Wels and Benjamin Roos and employs 106 staff. Studitemps's offices are located in Berlin, Hamburg, Munich, Stuttgart, Cologne and Frankfurt.

People
Andreas Wels and Benjamin Roos are co-founders and managing partners at Studitemps. Eckard Köhn has been Studitemps's CEO since June 2011.

XAnge's German partner Bernard Schmid led the transaction on behalf of the GP. Florian Schweitzer led b-to-v's investment while Wolfgang Krause represented Seventure. Nicolas Leutwiler led Car4You's investment.

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• Topics
• DACH
• Early-stage
• Consumer
• XAnge Private Equity
• Seventure (SPEF)
• Holtzbrinck Ventures