IBB backs labfolder in 11th deal this year

labfolder will use the capital to expand its team and launch its product, a SaaS platform for organising laboratory work.

IBB provided equity for the transaction via its VC Fonds Technologie fund, a €52m vehicle launched in 2004.

The Berlin-based venture house has backed 10 German start-ups so far this year. The VC invested in Myelo Therapeutics in a series-A financing round in September after backing sporTrade alongside German Startups Group in August. IBB also reinvested in Yachtico in August and participated in a $20m financing round for Zimory in July.

Prior to this, IBB backed Scarosso in May as part of a series-A financing round led by DN Capital. IBB invested in ubitricity in May as well, while Babbel received a $10m capital injection from IBB and other investors in March. In January, IBB backed a seed round for food.de, participated in a second financing round for Outfittery and backed Commitmed.

Of all these investments, only ubitricity was financed via the VC Fonds Technologie fund.

Company
labfolder is a SaaS platform that offers planning and documentation tools for laboratory research. The business has attracted around 600 clients so far.

The company is based in Berlin and was founded in February this year. It currently employs six staff, but aims to expand to 10 staff by the end of the year and to 15 employees by 2014.

People
Simon Bungers is labfolder's CEO. Simon Bungers, Florian Hauer and Mathias Schäffner founded labfolder. Clemens Kabel is the authorised signatory of IBB. Matthias Bauer is a board member at Vogel.

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